C3.ai (NYSE:AI) Chairman Thomas Siebel Sells 543,706 Shares

C3.ai, Inc. (NYSE:AI) Chairman Thomas Siebel sold 543,706 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $15.24, for a total value of $8,286,079.44. Following the sale, the chairman directly owned 1,437,174 shares in the company, valued at $21,902,531.76. The trade was a 27.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

C3.ai Price Performance

NYSE:AI opened at $14.78 on Thursday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -5.69 and a beta of 1.96. The business has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $21.16. C3.ai, Inc. has a 1 year low of $14.65 and a 1 year high of $45.08.

C3.ai (NYSE:AI) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The company had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The business’s quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. As a group, analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AI. KeyCorp reduced their target price on shares of C3.ai from $18.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, September 4th. Northland Securities downgraded shares of C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price target on the stock. in a report on Tuesday, August 12th. JMP Securities reduced their price objective on shares of C3.ai from $30.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Thursday, September 4th. DA Davidson reissued an “underperform” rating and issued a $13.00 price objective (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $22.09.

Institutional Investors Weigh In On C3.ai

Several large investors have recently added to or reduced their stakes in AI. Bogart Wealth LLC grew its stake in C3.ai by 22.7% in the 2nd quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of C3.ai by 8.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company’s stock valued at $138,000 after acquiring an additional 510 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of C3.ai by 2.4% in the second quarter. ProShare Advisors LLC now owns 25,548 shares of the company’s stock valued at $628,000 after purchasing an additional 593 shares during the period. Moors & Cabot Inc. grew its stake in C3.ai by 5.2% in the second quarter. Moors & Cabot Inc. now owns 14,263 shares of the company’s stock worth $350,000 after purchasing an additional 700 shares in the last quarter. Finally, Probity Advisors Inc. grew its stake in C3.ai by 4.4% in the first quarter. Probity Advisors Inc. now owns 17,444 shares of the company’s stock worth $367,000 after purchasing an additional 738 shares in the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

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.