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Needham Remains a Hold on C3ai (AI)

Needham analyst Mike Cikos maintained a Hold rating on C3ai (AIResearch Report) today. The company’s shares closed yesterday at $14.03.

Cikos covers the Technology sector, focusing on stocks such as New Relic, Alteryx, and Nutanix. According to TipRanks, Cikos has an average return of -7.8% and a 25.30% success rate on recommended stocks.

Currently, the analyst consensus on C3ai is a Hold with an average price target of $15.57.

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The company has a one-year high of $53.82 and a one-year low of $13.37. Currently, C3ai has an average volume of 2.22M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Suite, is a comprehensive application development and runtime environment that is designed to allow customers to rapidly design, develop, and deploy Enterprise AI applications of any type; C3 AI Applications, include a large and growing family of industry-specific and application-specific turnkey AI solutions that can be immediately installed and deployed; and C3.ai Ex Machina, analytics for applying data science to every-day business decisions.

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