180 Wealth Advisors LLC Has $620,000 Stock Holdings in C3.ai, Inc. (NYSE:AI)

180 Wealth Advisors LLC cut its holdings in shares of C3.ai, Inc. (NYSE:AI) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,548 shares of the company’s stock after selling 1,209 shares during the period. 180 Wealth Advisors LLC’s holdings in C3.ai were worth $620,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in C3.ai during the 1st quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new position in C3.ai during the 2nd quarter worth approximately $25,000. Belpointe Asset Management LLC bought a new position in C3.ai during the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust bought a new position in C3.ai during the 1st quarter worth approximately $27,000. Finally, Tucker Asset Management LLC bought a new position in C3.ai during the 1st quarter worth approximately $27,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at C3.ai

In other C3.ai news, CTO Edward Y. Abbo sold 457,585 shares of C3.ai stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $32.96, for a total transaction of $15,082,001.60. Following the transaction, the chief technology officer now directly owns 650,777 shares of the company’s stock, valued at approximately $21,449,609.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Edward Y. Abbo sold 457,585 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $32.96, for a total value of $15,082,001.60. Following the transaction, the chief technology officer now directly owns 650,777 shares of the company’s stock, valued at approximately $21,449,609.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard C. Levin sold 12,000 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $42.02, for a total value of $504,240.00. Following the completion of the sale, the director now owns 173,664 shares in the company, valued at $7,297,361.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 485,805 shares of company stock worth $16,242,668. 34.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AI. JMP Securities raised their price target on shares of C3.ai from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Wedbush lowered their price target on shares of C3.ai from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, September 7th. Piper Jaffray Companies lowered their price target on shares of C3.ai from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, September 8th. Bank of America lifted their price objective on shares of C3.ai from $16.00 to $18.00 in a research note on Thursday, June 1st. Finally, Oppenheimer initiated coverage on shares of C3.ai in a research note on Thursday, June 29th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, C3.ai has an average rating of “Hold” and a consensus price target of $26.36.

C3.ai Trading Down 0.8 %

Shares of AI stock opened at $27.14 on Tuesday. The firm has a market capitalization of $3.21 billion, a PE ratio of -11.60 and a beta of 1.49. The firm has a fifty day simple moving average of $34.21 and a two-hundred day simple moving average of $30.31. C3.ai, Inc. has a 12 month low of $10.16 and a 12 month high of $48.87.

C3.ai (NYSE:AI) last announced its quarterly earnings results on Wednesday, September 6th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.08. The business had revenue of $72.36 million during the quarter, compared to analyst estimates of $71.56 million. C3.ai had a negative net margin of 99.42% and a negative return on equity of 27.78%. C3.ai’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.67) EPS. On average, equities analysts predict that C3.ai, Inc. will post -2.21 earnings per share for the current fiscal 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.