Pathway Financial Advisers LLC Has $214,000 Stock Holdings in C3.ai, Inc. (NYSE:AI)

by · The Markets Daily

Pathway Financial Advisers LLC grew its position in C3.ai, Inc. (NYSE:AI – Free Report) by 2,501.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,844 shares of the company’s stock after purchasing an additional 8,504 shares during the quarter. Pathway Financial Advisers LLC’s holdings in C3.ai were worth $214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of C3.ai by 3.1% during the first quarter. Vanguard Group Inc. now owns 10,647,900 shares of the company’s stock valued at $288,239,000 after acquiring an additional 317,768 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of C3.ai in the 2nd quarter valued at $3,465,000. Virtu Financial LLC grew its stake in C3.ai by 541.6% in the first quarter. Virtu Financial LLC now owns 108,720 shares of the company’s stock valued at $2,943,000 after acquiring an additional 91,774 shares during the period. Hsbc Holdings PLC raised its holdings in C3.ai by 679.8% during the 2nd quarter. Hsbc Holdings PLC now owns 87,092 shares of the company’s stock worth $2,500,000 after buying an additional 75,923 shares during the period. Finally, Evergreen Capital Management LLC bought a new stake in C3.ai in the 2nd quarter valued at $1,453,000. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Price Performance

Shares of NYSE AI opened at $25.28 on Friday. C3.ai, Inc. has a 1 year low of $18.85 and a 1 year high of $38.30. The firm has a 50-day moving average of $24.03 and a 200 day moving average of $25.52. The stock has a market cap of $3.16 billion, a P/E ratio of -10.80 and a beta of 1.81.

C3.ai (NYSE:AI – Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. C3.ai had a negative return on equity of 31.28% and a negative net margin of 85.47%. The firm had revenue of $87.21 million for the quarter, compared to analysts’ expectations of $86.94 million. During the same period in the previous year, the firm posted ($0.56) EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Research analysts expect that C3.ai, Inc. will post -2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AI has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on C3.ai from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, September 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of C3.ai in a research report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of C3.ai in a report on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research note on Thursday, September 5th. Finally, Wedbush lowered their price objective on C3.ai from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have issued 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, C3.ai presently has an average rating of “Hold” and a consensus target price of $27.70.

Get Our Latest Analysis on C3.ai

C3.ai Profile

(Free Report)

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.

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