Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Holdings in C3.ai, Inc. (NYSE:AI)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in C3.ai, Inc. (NYSE:AI) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 23,906 shares of the company’s stock after acquiring an additional 2,148 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in C3.ai were worth $686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of C3.ai in the third quarter valued at approximately $25,000. B. Riley Asset Management LLC purchased a new stake in C3.ai in the 3rd quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of C3.ai in the 3rd quarter worth $26,000. GPS Wealth Strategies Group LLC raised its holdings in shares of C3.ai by 87.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock worth $39,000 after acquiring an additional 632 shares during the period. Finally, Pittenger & Anderson Inc. acquired a new position in shares of C3.ai during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 38.96% of the company’s stock.

Analyst Ratings Changes

AI has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, February 29th. Wedbush reduced their price target on shares of C3.ai from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Piper Sandler increased their price objective on C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Bank of America lifted their target price on C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.

C3.ai Trading Down 1.3 %

Shares of NYSE AI opened at $24.44 on Thursday. The stock has a market capitalization of $2.98 billion, a PE ratio of -10.49 and a beta of 1.74. C3.ai, Inc. has a twelve month low of $19.03 and a twelve month high of $48.87. The stock has a fifty day simple moving average of $26.28 and a 200-day simple moving average of $27.20.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, February 28th. The company reported ($0.60) earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.13. The company had revenue of $78.40 million during the quarter, compared to the consensus estimate of $75.92 million. C3.ai had a negative return on equity of 29.60% and a negative net margin of 95.21%. On average, equities analysts predict that C3.ai, Inc. will post -2.48 earnings per share for the current year.

C3.ai Company 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.