Fortem Financial Group LLC Has $909,000 Stock Holdings in C3.ai, Inc. (NYSE:AI)

Fortem Financial Group LLC cut its stake in shares of C3.ai, Inc. (NYSE:AI) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,401 shares of the company’s stock after selling 2,800 shares during the period. Fortem Financial Group LLC’s holdings in C3.ai were worth $909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AI. Principal Financial Group Inc. grew its holdings in 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 during the period. Rhumbline Advisers increased its holdings in shares of C3.ai by 0.5% in the second quarter. Rhumbline Advisers now owns 125,344 shares of the company’s stock worth $3,630,000 after acquiring an additional 572 shares in the last quarter. Arizona State Retirement System raised its position in shares of C3.ai by 9.9% during the second quarter. Arizona State Retirement System now owns 29,869 shares of the company’s stock worth $865,000 after purchasing an additional 2,686 shares during the period. PFG Investments LLC lifted its holdings in shares of C3.ai by 46.8% during the 2nd quarter. PFG Investments LLC now owns 17,868 shares of the company’s stock valued at $517,000 after purchasing an additional 5,695 shares in the last quarter. Finally, LGT Group Foundation acquired a new position in shares of C3.ai in the 2nd quarter valued at approximately $1,425,000. 38.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. DA Davidson upgraded shares of C3.ai to a “hold” rating in a report on Wednesday, December 18th. Piper Sandler upped their price objective on C3.ai from $24.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research note on Wednesday, December 11th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a report on Tuesday, November 26th. Finally, Northland Securities increased their target price on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Five 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.00.

C3.ai Trading Up 1.1 %

Shares of NYSE:AI traded up $0.42 on Monday, hitting $37.20. The company had a trading volume of 4,403,791 shares, compared to its average volume of 4,256,167. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -16.83 and a beta of 2.00. The stock has a 50 day moving average price of $33.75 and a 200 day moving average price of $28.44. C3.ai, Inc. has a 1-year low of $18.85 and a 1-year high of $45.08.

Insider Activity at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 11,339 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $42.00, for a total value of $476,238.00. Following the completion of the sale, the chief financial officer now owns 851 shares of the company’s stock, valued at $35,742. The trade was a 93.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jim H. Snabe sold 499,700 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total transaction of $21,512,085.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $430,500. The trade was a 98.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 668,721 shares of company stock worth $28,425,151. Insiders own 33.54% of the company’s stock.

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.