Cwm LLC Sells 634 Shares of C3.ai, Inc. (NYSE:AI)

Cwm LLC trimmed its position in C3.ai, Inc. (NYSE:AI) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,309 shares of the company’s stock after selling 634 shares during the quarter. Cwm LLC’s holdings in C3.ai were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in shares of C3.ai by 3.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 17,274 shares of the company’s stock valued at $441,000 after purchasing an additional 610 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in C3.ai by 87.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after acquiring an additional 632 shares during the period. EWG Elevate Inc. lifted its position in C3.ai by 8.3% during the fourth quarter. EWG Elevate Inc. now owns 8,876 shares of the company’s stock worth $255,000 after acquiring an additional 679 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of C3.ai by 0.4% during the third quarter. Perigon Wealth Management LLC now owns 186,434 shares of the company’s stock worth $4,758,000 after acquiring an additional 749 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of C3.ai by 2.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 28,478 shares of the company’s stock valued at $818,000 after purchasing an additional 811 shares during the last quarter. 38.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

C3.ai Trading Up 3.8 %

C3.ai stock opened at $24.04 on Monday. The stock has a 50-day moving average price of $26.57 and a two-hundred day moving average price of $27.22. C3.ai, Inc. has a 12 month low of $17.15 and a 12 month high of $48.87. The company has a market capitalization of $2.93 billion, a PE ratio of -10.32 and a beta of 1.74.

C3.ai (NYSE:AI) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.13. C3.ai had a negative net margin of 95.21% and a negative return on equity of 29.60%. The business had revenue of $78.40 million during the quarter, compared to analyst estimates of $75.92 million. As a group, analysts predict that C3.ai, Inc. will post -2.48 earnings per share for the current fiscal year.

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.