1 week Ago By Defense World Staff
Norges Bank acquired a new stake in C3.ai, Inc. (NYSE:AI – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund acquired 269,261 shares of the company’s stock, valued at approximately $9,271,000. Norges Bank owned 0.21% of C3.
ai as of its most recent SEC filing. Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of C3.
ai by 149.2% in the third quarter. FMR LLC now owns 13,994 shares of the company’s stock worth $339,000 after purchasing an additional 8,378 shares during the period.
Janus Henderson Group PLC grew its stake in C3.ai by 21.3% during the third quarter.
Janus Henderson Group PLC now owns 52,182 shares of the company’s stock worth $1,265,000 after buying an additional 9,160 shares in the last quarter. State Street Corp increased its holdings in C3.ai by 1.
8% in the 3rd quarter. State Street Corp now owns 2,121,391 shares of the company’s stock valued at $51,401,000 after buying an additional 38,185 shares during the period. Geode Capital Management LLC raised its position in shares of C3.
ai by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock valued at $53,728,000 after buying an additional 178,870 shares in the last quarter.
Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of C3.ai by 28.1% during the 4th quarter.
Wealth Enhancement Advisory Services LLC now owns 14,400 shares of the company’s stock worth $496,000 after acquiring an additional 3,161 shares during the period. 38.96% of the stock is owned by institutional investors.
C3.ai Stock PerformanceAI stock opened at $18.15 on Wednesday.
C3.ai, Inc. has a 52-week low of $17.
03 and a 52-week high of $45.08. The company has a market capitalization of $2.
41 billion, a P/E ratio of -8.21 and a beta of 2.01.
The company has a fifty day moving average price of $25.52 and a 200-day moving average price of $29.20.
C3.ai (NYSE:AI – Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported ($0.
62) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that C3.ai, Inc.
will post -2.44 earnings per share for the current fiscal year. Insider Activity at C3.
aiIn other C3.ai news, VP Merel Witteveen sold 1,133 shares of C3.ai stock in a transaction on Wednesday, March 19th.
The shares were sold at an average price of $22.25, for a total value of $25,209.25.
Following the completion of the sale, the vice president now directly owns 7,287 shares of the company’s stock, valued at approximately $162,135.75. The trade was a 13.
46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief executive officer now directly owns 1,756,390 shares in the company, valued at approximately $54,395,398.30.
This trade represents a 18.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders have sold 1,486,813 shares of company stock worth $42,407,563 over the last ninety days. Insiders own 33.54% of the company’s stock.
Wall Street Analysts Forecast GrowthA number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of C3.ai from $32.
00 to $30.00 and set an “underweight” rating on the stock in a research note on Thursday, February 27th. KeyCorp lowered their price target on C3.
ai from $29.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, February 27th.
JPMorgan Chase & Co. downgraded C3.ai from a “neutral” rating to an “underweight” rating and set a $28.
00 price objective for the company. in a research report on Wednesday, December 11th. Northland Securities lifted their target price on C3.
ai from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th.
Finally, JMP Securities increased their target price on shares of C3.ai from $40.00 to $55.
00 and gave the stock a “market outperform” rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.
com, the company has a consensus rating of “Hold” and an average price target of $31.33.Check Out Our Latest Analysis on AIC3.
ai Profile (Free Report)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.
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ai, Inc. (NYSE:AI – Free Report)..
