Kingswood Wealth Advisors LLC Buys Shares of 18,376 C3.ai, Inc. (NYSE:AI)

Kingswood Wealth Advisors LLC purchased a new position in shares of C3.ai, Inc. (NYSE:AI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,376 shares of the company’s stock, valued at approximately $633,000.

Several other institutional investors and hedge funds have also made changes to their positions in AI. JTC Employer Solutions Trustee Ltd acquired a new position in shares of C3.ai in the third quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its stake in 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. Quest Partners LLC lifted its holdings in C3.ai by 9,033.3% in the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock valued at $40,000 after purchasing an additional 1,626 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in C3.ai in the 2nd quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company’s stock worth $46,000 after buying an additional 555 shares in the last quarter. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C3.ai

In other news, CEO Thomas M. Siebel sold 409,831 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total transaction of $12,692,466.07. Following the completion of the transaction, the chief executive officer now directly owns 1,756,390 shares of the company’s stock, valued at approximately $54,395,398.30. This 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 can be accessed through the SEC website. Also, Director Jim H. Snabe sold 499,700 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $43.05, for a total value of $21,512,085.00. Following the completion of the sale, the director now owns 10,000 shares in the company, valued at $430,500. The trade was a 98.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,078,552 shares of company stock valued at $41,117,617. Corporate insiders own 33.54% of the company’s stock.

Wall Street Analyst Weigh In

AI has been the topic of several recent analyst reports. Morgan Stanley upped 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. JPMorgan Chase & Co. downgraded C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price objective for the company. in a research report on Wednesday, December 11th. DA Davidson upgraded C3.ai to a “hold” rating in a research report on Wednesday, December 18th. Northland Securities lifted their price target on C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, JMP Securities increased their price objective on shares of C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

C3.ai Price Performance

NYSE:AI opened at $31.71 on Thursday. The firm has a market capitalization of $4.09 billion, a PE ratio of -14.35 and a beta of 2.00. C3.ai, Inc. has a 12 month low of $18.85 and a 12 month high of $45.08. The business’s 50-day moving average is $35.77 and its two-hundred day moving average is $28.94.

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.