Rockefeller Capital Management L.P. Sells 8,313 Shares of C3.ai, Inc. (NYSE:AI)

Rockefeller Capital Management L.P. lessened its holdings in C3.ai, Inc. (NYSE:AI) by 25.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,841 shares of the company’s stock after selling 8,313 shares during the period. Rockefeller Capital Management L.P.’s holdings in C3.ai were worth $602,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of C3.ai during the 2nd quarter valued at approximately $3,465,000. Charles Schwab Investment Management Inc. boosted its position in C3.ai by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock valued at $20,460,000 after buying an additional 92,280 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of C3.ai by 679.8% during the second quarter. Hsbc Holdings PLC now owns 87,092 shares of the company’s stock worth $2,500,000 after buying an additional 75,923 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of C3.ai during the second quarter worth $1,453,000. Finally, LGT Group Foundation bought a new position in shares of C3.ai in the 2nd quarter valued at $1,425,000. Institutional investors and hedge funds own 38.96% of the company’s stock.

Analysts Set New Price Targets

AI has been the subject of several research reports. Morgan Stanley dropped their target price on C3.ai from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a report on Thursday, September 5th. Piper Sandler dropped their price target on shares of C3.ai from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Bank of America reduced their price objective on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Finally, Wedbush lowered their target price on C3.ai from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, C3.ai currently has a consensus rating of “Hold” and a consensus price target of $29.20.

C3.ai Price Performance

Shares of NYSE:AI opened at $41.81 on Tuesday. The business’s 50-day moving average is $29.09 and its 200-day moving average is $27.27. C3.ai, Inc. has a 1 year low of $18.85 and a 1 year high of $42.94. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -18.34 and a beta of 1.99.

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.