Headlands Technologies LLC Purchases 15,753 Shares of C3.ai, Inc. (NYSE:AI)

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

Several other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its position in shares of C3.ai by 3.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,274 shares of the company’s stock worth $441,000 after buying an additional 610 shares during the period. GPS Wealth Strategies Group LLC grew its holdings 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 valued at $39,000 after purchasing an additional 632 shares during the period. EWG Elevate Inc. grew its holdings in C3.ai by 8.3% during the fourth quarter. EWG Elevate Inc. now owns 8,876 shares of the company’s stock valued at $255,000 after purchasing an additional 679 shares during the period. Perigon Wealth Management LLC grew its holdings in C3.ai by 0.4% during the third quarter. Perigon Wealth Management LLC now owns 186,434 shares of the company’s stock valued at $4,758,000 after purchasing an additional 749 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in C3.ai by 2.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 28,478 shares of the company’s stock valued at $818,000 after purchasing an additional 811 shares during the period. 38.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AI. Wedbush reduced their price target on shares of C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Canaccord Genuity Group upped their price target on shares of C3.ai from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, February 29th. Bank of America upped their price target 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. Finally, Piper Sandler upped their price target 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. Two 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.50.

C3.ai Trading Up 3.0 %

C3.ai stock traded up $0.67 during midday trading on Friday, reaching $22.83. The stock had a trading volume of 4,153,264 shares, compared to its average volume of 4,601,375. C3.ai, Inc. has a 12 month low of $16.79 and a 12 month high of $48.87. The firm’s 50-day moving average price is $26.96 and its 200 day moving average price is $27.29.

C3.ai (NYSE:AI) last posted its earnings results 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. The business had revenue of $78.40 million during the quarter, compared to analyst estimates of $75.92 million. C3.ai had a negative return on equity of 29.60% and a negative net margin of 95.21%. As a group, research analysts anticipate 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.