Nomura Holdings Inc. Increases Stock Position in C3.ai, Inc. $AI

Nomura Holdings Inc. boosted its stake in C3.ai, Inc. (NYSE:AI - Free Report) by 605.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,264 shares of the company's stock after acquiring an additional 53,439 shares during the period. Nomura Holdings Inc.'s holdings in C3.ai were worth $1,311,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently added to or reduced their stakes in AI. Two Sigma Investments LP acquired a new stake in C3.ai in the fourth quarter valued at $42,306,000. Man Group plc acquired a new stake in C3.ai in the fourth quarter valued at $38,455,000. Two Sigma Advisers LP acquired a new stake in shares of C3.ai during the fourth quarter worth $30,725,000. Vident Advisory LLC raised its holdings in shares of C3.ai by 3,935.9% during the first quarter. Vident Advisory LLC now owns 568,492 shares of the company's stock worth $11,967,000 after purchasing an additional 554,406 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of C3.ai by 3.6% during the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock worth $282,228,000 after purchasing an additional 471,521 shares during the period. 38.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AI has been the topic of a number of research reports. DA Davidson reissued an "underperform" rating and set a $13.00 target price (down from $25.00) on shares of C3.ai in a report on Monday, August 11th. Wall Street Zen cut shares of C3.ai from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. KeyCorp reissued a "mixed" rating on shares of C3.ai in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Finally, Westpark Capital raised shares of C3.ai to a "strong-buy" rating and set a $40.00 target price on the stock in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $27.43.

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Check Out Our Latest Stock Report on AI

C3.ai Stock Performance

C3.ai stock opened at $16.85 on Wednesday. The company has a 50-day simple moving average of $22.74 and a 200-day simple moving average of $22.96. The firm has a market capitalization of $2.26 billion, a P/E ratio of -7.52 and a beta of 1.96. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08.

Insider Activity at C3.ai

• C3.ai Stock Surges on Strong Sales Despite Profit Concerns

In related news, Director John E. Hyten sold 10,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $23.75, for a total value of $237,500.00. Following the completion of the transaction, the director owned 63,942 shares in the company, valued at $1,518,622.50. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Hitesh Lath sold 17,689 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $24.96, for a total transaction of $441,517.44. Following the completion of the transaction, the chief financial officer owned 166,218 shares of the company's stock, valued at $4,148,801.28. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,145,568 shares of company stock worth $50,241,976. 26.50% of the stock is currently owned by corporate insiders.

About C3.ai

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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