C3.ai (NYSE:AI) Stock Price Up 0.8%

C3.ai, Inc. (NYSE:AI)’s stock price rose 0.8% during trading on Monday . The stock traded as high as $27.79 and last traded at $27.43. Approximately 958,737 shares were traded during trading, a decline of 86% from the average daily volume of 6,847,547 shares. The stock had previously closed at $27.21.

Wall Street Analyst Weigh In

AI has been the subject of several recent research reports. Piper Sandler lowered their target price on C3.ai from $33.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a report on Thursday, May 30th. Canaccord Genuity Group lowered their target price on C3.ai from $31.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Bank of America upped their target price on C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Finally, Northland Securities raised C3.ai from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, C3.ai currently has an average rating of “Hold” and an average target price of $31.30.

C3.ai Price Performance

The business has a 50-day simple moving average of $25.95 and a two-hundred day simple moving average of $27.14.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, May 29th. The company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.18. The firm had revenue of $86.59 million during the quarter, compared to the consensus estimate of $84.45 million. C3.ai had a negative return on equity of 30.95% and a negative net margin of 93.36%. Equities analysts predict that C3.ai, Inc. will post -2.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in shares of C3.ai in the third quarter valued at $25,000. B. Riley Asset Management LLC bought a new position in shares of C3.ai in the third quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of C3.ai in the third quarter valued at $26,000. ICA Group Wealth Management LLC bought a new position in shares of C3.ai in the fourth quarter valued at $29,000. Finally, Toth Financial Advisory Corp raised its stake in C3.ai by 900.0% during the 1st quarter. Toth Financial Advisory Corp now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 900 shares during the period. Institutional investors own 38.96% of the company’s stock.

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.