Bank of New York Mellon Corp Has $23.96 Million Position in C3.ai, Inc. (NYSE:AI)

Bank of New York Mellon Corp increased its position in C3.ai, Inc. ( NYSE:AI – Free Report ) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 695,893 shares of the company’s stock after acquiring an additional 8,772 shares during the quarter. Bank of New York Mellon Corp’s holdings in C3.ai were worth $23,960,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC increased its stake in shares of C3.ai by 46.3% in the fourth quarter. Transcendent Capital Group LLC now owns 4,500 shares of the company’s stock valued at $155,000 after buying an additional 1,425 shares during the period. IFP Advisors Inc boosted its holdings in C3.ai by 115.4% in the fourth quarter. IFP Advisors Inc now owns 4,860 shares of the company’s stock valued at $167,000 after acquiring an additional 2,604 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in C3.ai in the fourth quarter valued at approximately $439,000. Handelsbanken Fonder AB bought a new stake in C3.ai in the fourth quarter valued at approximately $923,000. Finally, Ieq Capital LLC boosted its holdings in C3.ai by 4.1% in the fourth quarter. Ieq Capital LLC now owns 25,064 shares of the company’s stock valued at $863,000 after acquiring an additional 983 shares during the last quarter. Institutional investors and hedge funds own 38.96% of the company’s stock. Analyst Ratings Changes Several brokerages recently commented on AI. Piper Sandler reduced their target price on C3.ai from $42.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Northland Securities upped their target price on C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a report on Thursday, February 27th. Canaccord Genuity Group reduced their target price on C3.ai from $40.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com upgraded C3.ai to a “sell” rating in a report on Tuesday, November 26th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.33. Insider Buying and Selling In related news, CEO Thomas M. Siebel sold 409,831 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the sale, the chief executive officer now directly owns 1,756,390 shares of the company’s stock, valued at approximately $54,395,398.30. This represents a 18.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, Director Richard C. Levin sold 12,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $29.84, for a total value of $358,080.00. Following the completion of the sale, the director now directly owns 161,664 shares of the company’s stock, valued at $4,824,053.76. The trade was a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 1,506,972 shares of company stock worth $54,010,382 in the last ninety days. Corporate insiders own 33.54% of the company’s stock. C3.ai Stock Up 4.9 % Shares of AI opened at $22.56 on Monday. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08. The business’s fifty day moving average is $31.01 and its 200 day moving average is $29.50. The stock has a market cap of $2.91 billion, a P/E ratio of -10.21 and a beta of 2.03. C3.ai ( NYSE:AI – Get Free Report ) last issued its earnings results on Wednesday, February 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.37). C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The firm had revenue of $98.78 million during the quarter, compared to the consensus estimate of $98.12 million. On average, analysts expect that C3.ai, Inc. will post -2.44 EPS for the current year. C3.ai Company 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. Recommended Stories Want to see what other hedge funds are holding AI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C3.ai, Inc. ( NYSE:AI – Free Report ). Receive News & Ratings for C3.ai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C3.ai and related companies with MarketBeat.com's FREE daily email newsletter .