Engineers Gate Manager LP bought a new position in shares of C3.ai, Inc. (NYSE:AI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 314,126 shares of the company’s stock, valued at approximately $2,855,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AI. NewEdge Advisors LLC boosted its stake in shares of C3.ai by 48.7% during the 1st quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock worth $51,000 after acquiring an additional 800 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of C3.ai by 76.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock valued at $32,000 after acquiring an additional 801 shares in the last quarter. BOKF NA lifted its holdings in C3.ai by 20.7% in the 3rd quarter. BOKF NA now owns 4,709 shares of the company’s stock worth $82,000 after purchasing an additional 809 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in C3.ai by 8.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,560 shares of the company’s stock worth $218,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in C3.ai by 683.6% during the third quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock worth $26,000 after purchasing an additional 1,292 shares during the period. Institutional investors and hedge funds own 38.96% of the company’s stock.
Insider Buying and Selling
In related news, CEO Thomas Siebel sold 16,890 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.30, for a total transaction of $173,967.00. Following the transaction, the chief executive officer directly owned 738,208 shares in the company, valued at $7,603,542.40. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen Ehikian sold 50,542 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.45, for a total value of $477,621.90. Following the completion of the transaction, the chief executive officer directly owned 651,130 shares of the company’s stock, valued at approximately $6,153,178.50. This trade represents a 7.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 763,075 shares of company stock valued at $7,757,502 over the last three months. 19.80% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on C3.ai
C3.ai Price Performance
NYSE:AI opened at $10.53 on Monday. C3.ai, Inc. has a one year low of $7.68 and a one year high of $20.22. The company has a fifty day moving average price of $9.68 and a 200 day moving average price of $9.43. The stock has a market cap of $1.64 billion, a P/E ratio of -3.42 and a beta of 2.10.
C3.ai (NYSE:AI – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.06. The company had revenue of $52.38 million for the quarter, compared to the consensus estimate of $52.06 million. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. The business’s revenue was down 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.37) EPS. As a group, equities research analysts anticipate that C3.ai, Inc. will post -2.22 EPS for the current year.
More C3.ai News
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: Federal bookings surged 138% in the fiscal first quarter, while restructuring efforts are improving margins. The combination suggests potential progress in C3.ai’s government business and cost structure. C3.ai Q1 2027 Earnings Call Transcript
- Positive Sentiment: Northland Securities raised its projected EPS for C3.ai’s second, third, and fourth quarters of fiscal 2027, as well as its full-year forecast. Although the company is still expected to report losses, the revised estimates indicate expectations for narrower losses than previously forecast. C3.ai Analyst Estimate Updates
- Neutral Sentiment: Recent coverage compares C3.ai’s fiscal first-quarter revenue, EPS, and operating metrics with Wall Street estimates and year-ago results. The reports provide additional context on execution but do not identify a new company-specific catalyst in the available details. Compared to Estimates, C3.ai Q1 Earnings
- Neutral Sentiment: Broader debate over whether artificial-intelligence risks are exaggerated could influence sentiment toward AI-related stocks, but the discussion is not specific to C3.ai’s fundamentals. AI Doomer Narrative Explodes as Tech Leaders Fire Back
- Negative Sentiment: Analysts give C3.ai an average “Reduce” recommendation, signaling continued caution about the company’s valuation, growth outlook, or path to profitability. C3.ai Given Average Recommendation of Reduce
- Negative Sentiment: Despite beating the latest quarterly EPS and revenue estimates, C3.ai remains deeply unprofitable, and revenue declined 25.4% year over year. Continued losses and weak top-line growth may limit the stock’s upside.
C3.ai Profile
C3.ai, Inc develops enterprise artificial intelligence software and applications for organizations in a range of industries. Its technology is designed to help businesses use data, machine learning and predictive analytics to address operational, financial and strategic challenges.
The company’s offerings include the C3 AI Platform, which provides tools for developing, deploying and operating AI applications, as well as prebuilt applications for use cases such as predictive maintenance, fraud detection, supply-chain optimization, customer engagement, energy management and regulatory compliance.
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