C3.ai, Inc. (NYSE:AI) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC increased its stake in shares of C3.ai, Inc. (NYSE:AI) by 4,969.4% during the 4th quarter, Holdings Channel reports. The fund owned 16,070 shares of the company’s stock after purchasing an additional 15,753 shares during the quarter. Headlands Technologies LLC’s holdings in C3.ai were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of C3.ai in the third quarter valued at approximately $25,000. B. Riley Asset Management LLC purchased a new stake in shares of C3.ai in the third quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in C3.ai during the third quarter worth about $26,000. Impact Partnership Wealth LLC purchased a new position in C3.ai during the third quarter worth about $29,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in C3.ai by 87.9% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock worth $39,000 after buying an additional 632 shares during the period. 38.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

C3.ai Stock Performance

Shares of AI traded up $0.67 during mid-day trading on Friday, reaching $22.83. 4,153,264 shares of the company’s stock were exchanged, compared to its average volume of 4,601,375. The business’s fifty day simple moving average is $26.96 and its 200-day simple moving average is $27.29. C3.ai, Inc. has a 52-week low of $16.79 and a 52-week high of $48.87.

C3.ai (NYSE:AI) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) earnings per share 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 firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $75.92 million. As a group, equities analysts predict that C3.ai, Inc. will post -2.48 EPS for the current year.

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.