Vontobel Holding Ltd. Acquires 38,898 Shares of C3.ai, Inc. $AI

Vontobel Holding Ltd. raised its holdings in C3.ai, Inc. (NYSE:AI) by 205.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 57,793 shares of the company’s stock after acquiring an additional 38,898 shares during the quarter. Vontobel Holding Ltd.’s holdings in C3.ai were worth $1,002,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AI. Silicon Valley Capital Partners bought a new position in shares of C3.ai in the 2nd quarter valued at about $25,000. NewEdge Advisors LLC grew its stake in C3.ai by 48.7% in the first quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock valued at $51,000 after purchasing an additional 800 shares in the last quarter. Blue Trust Inc. increased its position in shares of C3.ai by 53.7% during the 2nd quarter. Blue Trust Inc. now owns 2,329 shares of the company’s stock worth $57,000 after purchasing an additional 814 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of C3.ai by 2,357.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,457 shares of the company’s stock worth $60,000 after purchasing an additional 2,357 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of C3.ai by 22.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock worth $66,000 after purchasing an additional 500 shares in the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Robert David Schilling sold 470,420 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $17.29, for a total value of $8,133,561.80. Following the completion of the sale, the executive vice president directly owned 1,011,327 shares in the company, valued at $17,485,843.83. The trade was a 31.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Hitesh Lath sold 15,042 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $14.38, for a total value of $216,303.96. Following the completion of the transaction, the chief financial officer directly owned 223,120 shares in the company, valued at approximately $3,208,465.60. This represents a 6.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,184,347 shares of company stock valued at $35,797,718. Insiders own 26.50% of the company’s stock.

C3.ai Stock Performance

Shares of AI stock opened at $13.98 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -4.94 and a beta of 1.97. The company has a 50-day simple moving average of $15.29 and a 200 day simple moving average of $19.06. C3.ai, Inc. has a 52 week low of $12.59 and a 52 week high of $38.58.

C3.ai (NYSE:AI) last released its quarterly earnings results on Wednesday, December 3rd. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.08. C3.ai had a negative net margin of 108.06% and a negative return on equity of 46.51%. The firm had revenue of $75.15 million for the quarter, compared to analysts’ expectations of $74.86 million. During the same period in the prior year, the firm earned ($0.06) EPS. The business’s revenue was down 20.3% on a year-over-year basis. Sell-side analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. KeyCorp decreased their target price on shares of C3.ai from $18.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research report on Thursday, December 4th. Canaccord Genuity Group restated a “hold” rating and set a $16.00 price objective on shares of C3.ai in a research note on Thursday, December 4th. DA Davidson reaffirmed an “underperform” rating and issued a $13.00 target price on shares of C3.ai in a report on Thursday, December 4th. Finally, Morgan Stanley reduced their price target on C3.ai from $22.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, C3.ai has an average rating of “Reduce” and a consensus target price of $21.92.

C3.ai Company Profile

C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.

The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.