On March 31, 2023 at 15:00:49 ET an unusually large
$461.16K block of Call contracts in C3.ai
(AI) was bought,
with a strike price of $24.00 / share, expiring in 6 days (on April 6, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.88 sigmas above the mean, placing it in the 96.56 percentile of all recent large trades made in AI options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 24.94% Downside
As of March 30, 2023,
the average one-year price target for C3.ai is $20.74.
The forecasts range from a low of $12.12 to a high of $31.50.
The average price target represents a decrease of 24.94% from its latest reported closing price of $27.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for C3.ai
is $269MM, an increase of 0.98%.
The projected annual non-GAAP EPS
is -$0.76.
What is the Fund Sentiment?
There are 376 funds or institutions reporting positions in C3.ai.
This is a decrease
of
20
owner(s) or 5.05% in the last quarter.
Average portfolio weight of all funds dedicated to AI is 0.08%,
an increase
of 23.59%.
Total shares owned by institutions decreased
in the last three months by 3.75% to 45,770K shares.
The put/call ratio of AI is 0.60, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Baker Hughes Holdings
holds 8,650K shares
representing 7.71% ownership of the company.
No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 2,818K shares
representing 2.51% ownership of the company.
In it’s prior filing, the firm reported owning 2,808K shares, representing
an increase
of 0.36%.
The firm
decreased
its portfolio allocation in AI by 17.03% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 2,434K shares
representing 2.17% ownership of the company.
In it’s prior filing, the firm reported owning 2,398K shares, representing
an increase
of 1.51%.
The firm
decreased
its portfolio allocation in AI by 15.85% over the last quarter.
IWM – iShares Russell 2000 ETF
holds 1,396K shares
representing 1.24% ownership of the company.
In it’s prior filing, the firm reported owning 1,507K shares, representing
a decrease
of 7.95%.
The firm
decreased
its portfolio allocation in AI by 24.90% over the last quarter.
Geode Capital Management
holds 1,308K shares
representing 1.17% ownership of the company.
In it’s prior filing, the firm reported owning 1,345K shares, representing
a decrease
of 2.89%.
The firm
decreased
its portfolio allocation in AI by 19.50% over the last quarter.
C3.ai Background Information
(This description is provided by the company.)
C3.ai, Inc. is a leading provider of enterprise AI software for accelerating digital transformation. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
