Toth Financial Advisory Corp Increases Position in C3.ai, Inc. (NYSE:AI)

Toth Financial Advisory Corp increased its stake in C3.ai, Inc. (NYSE:AI) by 900.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Toth Financial Advisory Corp’s holdings in C3.ai were worth $27,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in C3.ai in the 3rd quarter valued at about $25,000. Orion Capital Management LLC acquired a new stake in C3.ai in the 3rd quarter valued at about $26,000. ICA Group Wealth Management LLC acquired a new stake in C3.ai in the 4th quarter valued at about $29,000. GPS Wealth Strategies Group LLC grew its stake in C3.ai by 87.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after acquiring an additional 632 shares during the last quarter. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of C3.ai during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 38.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, May 30th. Piper Sandler decreased their target price on shares of C3.ai from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Wedbush reissued an “outperform” rating and issued a $40.00 target price on shares of C3.ai in a research report on Wednesday, May 29th. Morgan Stanley raised their target price on shares of C3.ai from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Finally, Northland Securities raised shares of C3.ai from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.30.

C3.ai Stock Performance

C3.ai stock traded up $0.41 during mid-day trading on Friday, reaching $28.96. The company’s stock had a trading volume of 4,866,415 shares, compared to its average volume of 5,523,975. The business has a 50 day moving average price of $26.41 and a 200-day moving average price of $27.16. C3.ai, Inc. has a twelve month low of $20.23 and a twelve month high of $44.90.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, May 29th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.18. C3.ai had a negative net margin of 93.36% and a negative return on equity of 30.95%. The firm had revenue of $86.59 million during the quarter, compared to the consensus estimate of $84.45 million. Research analysts expect that C3.ai, Inc. will post -2.35 earnings per share for the current year.

Insider Activity

In related news, CFO Hitesh Lath sold 3,005 shares of C3.ai stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $27.56, for a total transaction of $82,817.80. Following the sale, the chief financial officer now directly owns 7,390 shares in the company, valued at $203,668.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 34.00% of the company’s stock.

C3.ai 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.