DAVENPORT & Co LLC Invests $209,000 in C3.ai, Inc. (NYSE:AI)

On February 10th, 2025, it was reported that DAVENPORT & Co LLC has made a new investment in C3.ai, Inc. (NYSE:AI). During the fourth quarter, the institutional investor purchased 6,056 shares of the company, with a total investment of approximately $209,000.

Other investors have also been active in the C3.ai stock. For example, during the second quarter, AQR Capital Management LLC made a new investment worth about $249,000. Northwestern Mutual Wealth Management Co. significantly increased its position by 311.8%, acquiring an additional 795 shares, bringing its total to 1,050 shares valued at $30,000. Truist Financial Corp also raised its stake by 5.1%, now owning 21,211 shares worth $614,000 after purchasing 1,023 additional shares. Similarly, Cetera Investment Advisers boosted its holdings by 16.4% to 57,341 shares valued at $1,661,000 after acquiring 8,094 shares last quarter. Furthermore, Sanctuary Advisors LLC entered the arena with a new investment of around $373,000. Currently, 38.96% of C3.ai’s stock is held by institutional investors.

Analysts Set New Price Targets

Recent reports from research firms reflect varying opinions on C3.ai’s stock performance. Northland Securities raised its target price from $35.00 to $45.00, rating the stock as “outperform” on December 10th. Conversely, StockNews.com assigned a “sell” rating on November 26th. Additionally, JPMorgan Chase & Co. downgraded C3.ai from “neutral” to “underweight,” setting a price target of $28.00. Piper Sandler increased its price objective from $24.00 to $42.00, rated as “neutral.” Canaccord Genuity Group also raised its target from $23.00 to $40.00 while maintaining a “hold” rating. Currently, ratings reflect five sell ratings, five hold ratings, four buy ratings, and one strong buy rating, giving C3.ai an average consensus rating of “Hold” and a target price of $35.00 based on MarketBeat.com data.

Insider Activity at C3.ai

In recent insider trading news, CFO Hitesh Lath sold 11,339 shares at an average price of $42.00 on December 9th, totaling $476,238. Post sale, he holds 851 shares of the company, valued at approximately $35,742, indicating a significant decrease in ownership. The transaction was disclosed to the Securities & Exchange Commission. Also, Director Jim H. Snabe sold 499,700 shares on December 17th for an average price of $43.05, amounting to $21,512,085. This sale reduced his ownership to 10,000 shares worth $430,500. Over the last three months, insiders sold a total of 1,090,552 shares valued at $41,475,697. The company’s insiders currently own 33.54% of the stock.

C3.ai Trading Down 0.5 %

As of Monday, C3.ai shares opened at $33.47. The stock currently has a market capitalization of $4.32 billion, a P/E ratio of -15.15, and a beta of 1.98. Its 50-day simple moving average is $35.22, while the 200-day average stands at $29.15. For context, the shares have ranged between a 1-year low of $18.85 and a high of $45.08.

C3.ai Company Profile

C3.ai, Inc. operates as an enterprise artificial intelligence software firm across various regions, including North America, Europe, the Middle East, Africa, and Asia-Pacific. The company offers products such as the C3 AI platform for application development and runtime environment, C3 AI Ex Machina for data analysis, industry-specific customer relationship management software (C3 AI CRM), and the C3 Generative AI Product Suite to manage and present information.

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