EP Wealth Advisors LLC increased its stake in C3.ai, Inc. (NYSE:AI – Free Report) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 9,639 shares of the company’s stock after acquiring an additional 644 shares during the period. EP Wealth Advisors LLC’s holdings in C3.ai were worth $277,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AI. Qube Research & Technologies Ltd bought a new position in shares of C3.ai in the third quarter worth $17,166,000. Vanguard Group Inc. grew its position in C3.ai by 6.7% in the third quarter. Vanguard Group Inc. now owns 10,477,374 shares of the company’s stock valued at $267,383,000 after acquiring an additional 659,986 shares during the last quarter. Coatue Management LLC grew its position in C3.ai by 25.1% in the fourth quarter. Coatue Management LLC now owns 2,832,229 shares of the company’s stock valued at $81,313,000 after acquiring an additional 568,369 shares during the last quarter. Norges Bank bought a new position in C3.ai in the fourth quarter valued at about $10,879,000. Finally, UBS Group AG grew its position in C3.ai by 405.2% in the third quarter. UBS Group AG now owns 183,159 shares of the company’s stock valued at $4,674,000 after acquiring an additional 243,169 shares during the last quarter. Institutional investors own 38.96% of the company’s stock.
C3.ai Price Performance
C3.ai stock opened at $28.71 on Thursday. The stock’s 50 day moving average is $25.50 and its 200 day moving average is $27.19. The firm has a market cap of $3.50 billion, a P/E ratio of -12.27 and a beta of 1.85. C3.ai, Inc. has a one year low of $20.23 and a one year high of $46.88.
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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.
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