C3.ai, Inc. (NYSE:AI) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its holdings in shares of C3.ai, Inc. (NYSE:AI) by 9,033.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,644 shares of the company’s stock after acquiring an additional 1,626 shares during the period. Quest Partners LLC’s holdings in C3.ai were worth $40,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Global Assets Advisory LLC acquired a new stake in shares of C3.ai during the 3rd quarter valued at approximately $743,000. Janney Montgomery Scott LLC purchased a new position in C3.ai in the 3rd quarter valued at approximately $785,000. International Assets Investment Management LLC acquired a new position in C3.ai during the third quarter worth $10,560,000. Susquehanna Fundamental Investments LLC purchased a new stake in C3.ai during the second quarter worth $3,465,000. Finally, Algert Global LLC acquired a new stake in C3.ai in the second quarter valued at $1,071,000. Hedge funds and other institutional investors own 38.96% of the company’s stock.

C3.ai Stock Performance

AI stock opened at $37.18 on Friday. The company has a 50 day moving average price of $27.35 and a two-hundred day moving average price of $26.73. The stock has a market capitalization of $4.72 billion, a P/E ratio of -16.31 and a beta of 1.80. C3.ai, Inc. has a one year low of $18.85 and a one year high of $39.88.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.08. C3.ai had a negative return on equity of 31.28% and a negative net margin of 85.47%. The business had revenue of $87.21 million during the quarter, compared to the consensus estimate of $86.94 million. During the same quarter in the previous year, the business earned ($0.56) earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. Research analysts forecast that C3.ai, Inc. will post -2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wedbush cut their price target on C3.ai from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Piper Sandler cut their target price on shares of C3.ai from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. DA Davidson lowered their price target on shares of C3.ai from $30.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Bank of America cut their price objective on C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.70.

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.