Shares of C3.ai (NYSE:AI) were up 0% during mid-day trading on Friday. The company traded as high as $30.32 and last traded at $29.81. Approximately 882,919 shares traded hands during trading, a decline of 86% from the average daily volume of 6,510,725 shares. The stock had previously closed at $29.80. Several equities analysts have recently issued reports on AI shares. Wedbush reissued an 'outperform' rating and set a $40.00 price target on shares of C3.ai. Northland Capmk raised C3.ai from a 'hold' rating to a 'strong-buy' rating. Piper Sandler dropped their price objective on C3.ai from $33.00 to $29.00 and set a 'neutral' rating on the stock. Needham & Company LLC reaffirmed a 'hold' rating on shares of C3.ai. Canaccord Genuity Group dropped their price objective on C3.ai from $31.00 to $30.00 and set a 'hold' rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of 'Hold' and an average target price of $31.30.
Daiwa Securities Group Inc. decreased its holdings in C3.ai, Inc. (NYSE:AI) by 90.8% during the 1st quarter, selling 25,844 shares and leaving them with 2,634 shares worth $71,000. Other institutional investors also bought and sold shares of AI, including Toth Financial Advisory Corp, ICA Group Wealth Management LLC, GPS Wealth Strategies Group LLC, Pittenger & Anderson Inc., and DekaBank Deutsche Girozentrale. Several brokerages have recently weighed in on AI, with Morgan Stanley upping its price objective on C3.ai from $21.00 to $23.00 and giving the stock an 'underweight' rating, while Piper Sandler cut its price target from $33.00 to $29.00 and set a 'neutral' rating. C3.ai's stock opened at $29.68 on Friday, with a 52-week low of $20.23 and a 52-week high of $44.90. The company reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.77) by $0.18, and had revenue of $86.59 million. CFO Hitesh Lath sold 3,005 shares of the stock at an average price of $27.56, for a total transaction of $82,817.80. C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company and provides various AI solutions. The stock has an average rating of 'Hold' and an average target price of $31.30.