Banque Cantonale Vaudoise Has $380,000 Holdings in C3.ai, Inc. (NYSE:AI)

Banque Cantonale Vaudoise boosted its holdings in C3.ai, Inc. (NYSE:AI) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,119 shares of the company’s stock after buying an additional 936 shares during the quarter. Banque Cantonale Vaudoise’s holdings in C3.ai were worth $380,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of C3.ai by 4.3% during the second quarter. Principal Financial Group Inc. now owns 11,165 shares of the company’s stock valued at $323,000 after purchasing an additional 462 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of C3.ai by 4.4% during the second quarter. Forum Financial Management LP now owns 12,893 shares of the company’s stock valued at $373,000 after purchasing an additional 539 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of C3.ai by 6.2% during the first quarter. EP Wealth Advisors LLC now owns 10,239 shares of the company’s stock valued at $277,000 after purchasing an additional 600 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of C3.ai by 148.9% during the second quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock valued at $28,000 after purchasing an additional 615 shares in the last quarter. Finally, EWG Elevate Inc. boosted its stake in shares of C3.ai by 7.5% during the first quarter. EWG Elevate Inc. now owns 9,538 shares of the company’s stock valued at $258,000 after purchasing an additional 662 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Stock Up 1.2 %

Shares of NYSE:AI opened at $23.34 on Tuesday. C3.ai, Inc. has a twelve month low of $20.23 and a twelve month high of $38.30. The stock’s 50 day moving average is $26.72 and its 200-day moving average is $26.84. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -9.97 and a beta of 1.83.

Insider Transactions at C3.ai

In other news, CFO Hitesh Lath sold 3,005 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $27.56, for a total transaction of $82,817.80. Following the transaction, the chief financial officer now directly owns 7,390 shares of the company’s stock, valued at $203,668.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 34.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AI. Morgan Stanley lifted their price objective on C3.ai from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Thursday, May 30th. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of C3.ai in a research note on Wednesday, May 29th. Northland Securities raised C3.ai from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Thursday, May 30th. Canaccord Genuity Group cut their price objective on C3.ai from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, Piper Sandler dropped their price target on C3.ai from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.33.

C3.ai Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.