PFG Investments LLC Has $802,000 Holdings in C3.ai, Inc. (NYSE:AI)

PFG Investments LLC lifted its position in shares of C3.ai, Inc. (NYSE:AI) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,290 shares of the company’s stock after buying an additional 1,017 shares during the quarter. PFG Investments LLC’s holdings in C3.ai were worth $802,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in C3.ai by 8.8% during the third quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock worth $53,728,000 after acquiring an additional 178,870 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in C3.ai by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock worth $20,460,000 after acquiring an additional 92,280 shares in the last quarter. Hodges Capital Management Inc. bought a new position in C3.ai during the third quarter worth $1,955,000. PDT Partners LLC bought a new position in C3.ai during the third quarter worth $1,624,000. Finally, International Assets Investment Management LLC bought a new position in C3.ai during the third quarter worth $10,560,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AI shares. KeyCorp lowered shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research note on Thursday, December 19th. Morgan Stanley raised their price objective on shares of C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price objective on shares of C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. DA Davidson raised shares of C3.ai to a “hold” rating in a research note on Wednesday, December 18th. Finally, JMP Securities raised their price objective on shares of C3.ai from $40.00 to $55.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, C3.ai currently has a consensus rating of “Hold” and an average price target of $35.00.

C3.ai Stock Performance

NYSE AI opened at $32.96 on Wednesday. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08. The company has a 50-day simple moving average of $35.78 and a 200 day simple moving average of $28.92. The company has a market capitalization of $4.25 billion, a PE ratio of -14.92 and a beta of 2.00.

Insider Buying and Selling

In other news, CEO Thomas M. Siebel sold 409,831 shares of C3.ai stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the transaction, the chief executive officer now owns 1,756,390 shares in the company, valued at $54,395,398.30. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jim H. Snabe sold 499,700 shares of C3.ai stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total transaction of $21,512,085.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $430,500. The trade was a 98.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,078,552 shares of company stock worth $41,117,617. Insiders own 33.54% of the company’s stock.

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.