C3.ai, Inc. (NYSE:AI) Shares Purchased by Aspect Partners LLC

Aspect Partners LLC raised its position in C3.ai, Inc. (NYSE:AI) by 35.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,937 shares of the company’s stock after purchasing an additional 5,753 shares during the quarter. Aspect Partners LLC’s holdings in C3.ai were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AI. Toth Financial Advisory Corp grew its position in C3.ai by 900.0% in the 1st quarter. Toth Financial Advisory Corp now owns 1,000 shares of the company’s stock valued at $27,000 after buying an additional 900 shares in the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of C3.ai in the 2nd quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of C3.ai by 148.9% in the second quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock valued at $28,000 after acquiring an additional 615 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in C3.ai during the second quarter worth approximately $29,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in C3.ai by 311.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after purchasing an additional 795 shares during the period. Institutional investors own 38.96% of the company’s stock.

C3.ai Stock Down 2.2 %

AI stock traded down $0.61 during midday trading on Tuesday, hitting $26.97. 2,389,503 shares of the company traded hands, compared to its average volume of 5,621,488. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -11.68 and a beta of 1.81. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $38.30. The business has a 50 day simple moving average of $23.90 and a 200-day simple moving average of $25.53.

C3.ai (NYSE:AI) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. The firm had revenue of $87.21 million for the quarter, compared to the consensus estimate of $86.94 million. C3.ai had a negative net margin of 85.47% and a negative return on equity of 31.28%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.56) earnings per share. Equities research analysts forecast that C3.ai, Inc. will post -2.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on AI. DA Davidson dropped their price objective on C3.ai from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Canaccord Genuity Group reduced their price objective on shares of C3.ai from $30.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of C3.ai in a report on Thursday, September 5th. Bank of America cut their target price on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.70.

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.