C3.ai, Inc. (NYSE:AI) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its position in C3.ai, Inc. (NYSE:AI) by 16.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,810 shares of the company’s stock after purchasing an additional 3,251 shares during the period. Benjamin Edwards Inc.’s holdings in C3.ai were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AI. DekaBank Deutsche Girozentrale bought a new position in shares of C3.ai during the third quarter valued at approximately $25,000. B. Riley Asset Management LLC bought a new position in shares of C3.ai during the third quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in shares of C3.ai during the third quarter valued at approximately $26,000. GPS Wealth Strategies Group LLC grew its holdings in shares of C3.ai by 87.9% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after purchasing an additional 632 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of C3.ai by 970.6% during the third quarter. Bogart Wealth LLC now owns 1,638 shares of the company’s stock valued at $42,000 after purchasing an additional 1,485 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on AI shares. Wedbush lowered their target price on C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Bank of America upped their target price on C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Canaccord Genuity Group boosted their price objective on C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Finally, Piper Sandler boosted their price objective on C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.

C3.ai Stock Up 3.9 %

AI traded up $0.90 during trading on Friday, reaching $24.05. The stock had a trading volume of 5,448,053 shares, compared to its average volume of 7,000,267. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -10.32 and a beta of 1.74. C3.ai, Inc. has a 1-year low of $17.15 and a 1-year high of $48.87. The stock has a 50 day moving average of $26.57 and a two-hundred day moving average of $27.20.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, February 28th. The company reported ($0.60) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.13. The firm had revenue of $78.40 million during the quarter, compared to the consensus estimate of $75.92 million. C3.ai had a negative return on equity of 29.60% and a negative net margin of 95.21%. On average, research analysts forecast that C3.ai, Inc. will post -2.48 EPS for the current fiscal year.

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.