C3.ai, Inc. (NYSE:AI) Receives Consensus Rating of “Hold” from Analysts

C3.ai, Inc. (NYSE:AI) has been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.30.

AI has been the subject of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on shares of C3.ai from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Northland Securities upgraded shares of C3.ai from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Thursday, May 30th. Wedbush reiterated an “outperform” rating and set a $40.00 price objective on shares of C3.ai in a report on Wednesday, May 29th. Piper Sandler decreased their price objective on shares of C3.ai from $33.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a report on Thursday, May 30th.

C3.ai Stock Down 0.2 %

Shares of NYSE:AI opened at $29.89 on Tuesday. C3.ai has a 52 week low of $20.23 and a 52 week high of $44.90. The stock has a market capitalization of $3.73 billion, a P/E ratio of -12.77 and a beta of 1.83. The firm has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $27.07.

C3.ai (NYSE:AI) last issued its quarterly earnings data on Wednesday, May 29th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.18. C3.ai had a negative net margin of 93.36% and a negative return on equity of 30.95%. The business had revenue of $86.59 million during the quarter, compared to analysts’ expectations of $84.45 million. On average, analysts expect that C3.ai will post -2.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Hitesh Lath sold 3,005 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $27.56, for a total value of $82,817.80. Following the sale, the chief financial officer now owns 7,390 shares in the company, valued at $203,668.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.00% of the stock is owned by insiders.

Institutional Trading of C3.ai

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AI. Orion Capital Management LLC acquired a new stake in C3.ai during the third quarter valued at $26,000. Toth Financial Advisory Corp grew its position in C3.ai by 900.0% during the first 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 during the period. ICA Group Wealth Management LLC acquired a new stake in C3.ai during the fourth quarter valued at $29,000. Comerica Bank grew its position in C3.ai by 305.1% during the first quarter. Comerica Bank now owns 1,203 shares of the company’s stock valued at $33,000 after buying an additional 906 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in C3.ai during the first quarter valued at $38,000. Institutional investors and hedge funds own 38.96% of the company’s stock.

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.