C3.ai, Inc. (NYSE:AI) Shares Bought by Corebridge Financial Inc.
Corebridge Financial Inc. increased its stake in C3.ai, Inc. by 21.6% in the 4th quarter as per its recent Form 13F filing. The institutional investor now holds 55,003 shares of the company's stock, with an additional 9,774 shares acquired during the period. This indicates a growing interest in C3.ai among investors like Corebridge Financial Inc. as per the Securities & Exchange Commission filing.
Corebridge Financial Inc. Holdings in C3.ai
Corebridge Financial Inc. grew its holdings in C3.ai, Inc. (NYSE:AI) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,003 shares of the company’s stock after acquiring an additional 9,774 shares during the period. Corebridge Financial Inc.’s holdings in C3.ai were worth $1,894,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of C3.ai by 12.3% during the third quarter. Cerity Partners LLC and FMR LLC also increased their positions, while Zurcher Kantonalbank Zurich Cantonalbank and Holocene Advisors LP grew their stakes in C3.ai during the same period. Hedge funds and other institutional investors own 38.96% of the company’s stock.
Insider Transactions at C3.ai
In other news, Director Richard C. Levin and CEO Thomas M. Siebel sold shares of the company's stock in separate transactions. Insiders have sold a total of 1,486,813 shares of company stock worth $42,407,563 over the last ninety days. 33.54% of the stock is currently owned by company insiders.
C3.ai Trading Update
Shares of AI stock opened at $22.03 on Thursday. C3.ai, Inc. has a twelve-month low of $18.85 and a twelve-month high of $45.08. The business’s 50-day moving average is $26.88 and its two-hundred day moving average is $29.35. The company has a market capitalization of $2.92 billion, a P/E ratio of -9.97, and a beta of 2.03.
C3.ai Quarterly Earnings and Analyst Ratings
C3.ai last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates. Equities analysts predict that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.
AI has been the subject of a number of recent analyst reports, with different price targets and ratings provided by various firms. The company has a consensus rating of “Hold” and a consensus price target of $31.33.
About C3.ai, Inc.
C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company globally. The company provides various AI solutions and products for businesses.
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