Merel Witteveen Sells 11,132 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) VP Merel Witteveen sold 11,132 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $34.95, for a total transaction of $389,063.40. Following the sale, the vice president now directly owns 4,142 shares in the company, valued at $144,762.90. This trade represents a 72.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

C3.ai Stock Up 6.1 %

Shares of NYSE:AI opened at $36.78 on Friday. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08. The company’s 50 day moving average price is $33.75 and its two-hundred day moving average price is $28.44. The firm has a market cap of $4.75 billion, a PE ratio of -16.64 and a beta of 2.00.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AI shares. StockNews.com raised C3.ai to a “sell” rating in a research report on Tuesday, November 26th. KeyCorp cut shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 target price for the company. in a research note on Thursday, December 19th. Canaccord Genuity Group upped their price target on shares of C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research note on Tuesday, December 10th. Finally, JMP Securities lifted their target price on C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.00.

Institutional Trading of C3.ai

A number of institutional investors have recently modified their holdings of the stock. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of C3.ai during the 3rd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of C3.ai by 311.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $30,000 after purchasing an additional 795 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of C3.ai during the 2nd quarter worth $41,000. Quest Partners LLC boosted its stake in C3.ai by 9,033.3% in the third quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock valued at $40,000 after buying an additional 1,626 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new position in C3.ai in the third quarter valued at about $48,000. 38.96% of the stock is currently owned by institutional investors.

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.