8,748 Shares in C3.ai, Inc. (NYSE:AI) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL acquired a new position in C3.ai, Inc. (NYSE:AI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,748 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. grew its position in shares of C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the period. R Squared Ltd acquired a new position in shares of C3.ai during the 4th quarter worth about $29,000. CENTRAL TRUST Co acquired a new position in shares of C3.ai during the 4th quarter worth about $34,000. Global Retirement Partners LLC grew its position in shares of C3.ai by 1,004.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,115 shares of the company’s stock worth $38,000 after buying an additional 1,014 shares during the period. Finally, Quest Partners LLC grew its position in shares of C3.ai by 9,033.3% during the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock worth $40,000 after buying an additional 1,626 shares during the period. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at C3.ai

In other news, VP Merel Witteveen sold 11,132 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $34.95, for a total transaction of $389,063.40. Following the sale, the vice president now owns 4,142 shares in the company, valued at $144,762.90. This represents a 72.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas M. Siebel sold 409,831 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total value of $12,692,466.07. Following the sale, the chief executive officer now owns 1,756,390 shares in the company, valued at approximately $54,395,398.30. This represents a 18.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,509,413 shares of company stock worth $43,210,053 in the last 90 days. Corporate insiders own 33.54% of the company’s stock.

C3.ai Stock Up 1.0 %

NYSE:AI opened at $22.16 on Wednesday. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08. The business has a 50 day moving average price of $29.05 and a two-hundred day moving average price of $29.39. The company has a market cap of $2.94 billion, a P/E ratio of -10.03 and a beta of 2.03.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.37). C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The company had revenue of $98.78 million for the quarter, compared to the consensus estimate of $98.12 million. As a group, analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Wednesday, December 11th. Piper Sandler decreased their price objective on C3.ai from $42.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. DA Davidson decreased their price objective on C3.ai from $40.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Canaccord Genuity Group decreased their price objective on C3.ai from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research report on Thursday, February 27th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, C3.ai has an average rating of “Hold” and a consensus target price of $31.33.

C3.ai Company 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.