Jaffetilchin Investment Partners LLC Has $396,000 Holdings in C3.ai, Inc. (NYSE:AI)

Jaffetilchin Investment Partners LLC decreased its holdings in shares of C3.ai, Inc. (NYSE:AI) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,625 shares of the company’s stock after selling 471 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in C3.ai were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Toth Financial Advisory Corp lifted its holdings in C3.ai by 900.0% during the first quarter. Toth Financial Advisory Corp now owns 1,000 shares of the company’s stock worth $27,000 after acquiring an additional 900 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of C3.ai in the fourth quarter valued at $29,000. Pittenger & Anderson Inc. acquired a new position in shares of C3.ai during the 4th quarter worth about $43,000. Transcendent Capital Group LLC acquired a new position in C3.ai during the first quarter worth approximately $83,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of C3.ai by 229.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 3,250 shares of the company’s stock valued at $98,000 after purchasing an additional 2,264 shares during the period. 38.96% of the stock is owned by institutional investors.

C3.ai Stock Performance

AI stock traded down $0.93 on Thursday, reaching $25.82. The company’s stock had a trading volume of 2,893,631 shares, compared to its average volume of 6,209,536. The firm has a market cap of $3.22 billion, a PE ratio of -11.27 and a beta of 1.83. The business has a fifty day simple moving average of $28.42 and a two-hundred day simple moving average of $27.09. C3.ai, Inc. has a 12-month low of $20.23 and a 12-month high of $42.43.

C3.ai (NYSE:AI) last posted its quarterly earnings results on Wednesday, May 29th. The company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.18. C3.ai had a negative return on equity of 30.95% and a negative net margin of 93.36%. The company had revenue of $86.59 million for the quarter, compared to the consensus estimate of $84.45 million. As a group, research analysts anticipate that C3.ai, Inc. will post -2.35 earnings per share for the current fiscal year.

Insider Activity

In other C3.ai news, CFO Hitesh Lath sold 3,005 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $27.56, for a total transaction of $82,817.80. Following the completion of the transaction, the chief financial officer now owns 7,390 shares of the company’s stock, valued at approximately $203,668.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 34.00% of the company’s stock.

Analyst Ratings Changes

AI has been the subject of a number of recent analyst reports. Northland Securities raised shares of C3.ai from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Thursday, May 30th. Northland Capmk raised C3.ai from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 30th. Canaccord Genuity Group dropped their price objective on shares of C3.ai from $31.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a report on Thursday, May 30th. Finally, Morgan Stanley increased their target price on shares of C3.ai from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.33.

About C3.ai

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.