C3.ai (NYSE:AI) CEO Sells 435,363 Shares of Company Stock

C3.ai, Inc. (NYSE:AI – Get Free Report) CEO Thomas Siebel sold 435,363 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $11.82, for a total value of $5,145,990.66. Following the sale, the chief executive officer owned 722,362 shares in the company, valued at approximately $8,538,318.84. The trade was a 37.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

C3.ai Stock Performance

Shares of C3.ai stock traded down $0.35 during trading on Wednesday, hitting $11.66. 5,324,045 shares of the company’s stock were exchanged, compared to its average volume of 5,949,054. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -3.78 and a beta of 2.11. The business has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $9.75. C3.ai, Inc. has a 52-week low of $7.68 and a 52-week high of $19.80.

C3.ai (NYSE:AI – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.06. C3.ai had a negative return on equity of 61.25% and a negative net margin of 192.10%. The company had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $52.06 million. During the same period last year, the business earned ($0.37) earnings per share. C3.ai’s quarterly revenue was down 25.4% on a year-over-year basis. On average, equities analysts anticipate that C3.ai, Inc. will post -2.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On C3.ai

A number of institutional investors have recently modified their holdings of AI. Sequoia Financial Advisors LLC acquired a new stake in C3.ai during the 2nd quarter worth approximately $106,000. Engineers Gate Manager LP acquired a new position in shares of C3.ai in the second quarter worth $2,855,000. Allworth Financial LP grew its stake in shares of C3.ai by 13.6% in the second quarter. Allworth Financial LP now owns 26,660 shares of the company’s stock worth $242,000 after acquiring an additional 3,185 shares in the last quarter. Arizona State Retirement System increased its position in shares of C3.ai by 3.7% during the second quarter. Arizona State Retirement System now owns 37,168 shares of the company’s stock worth $338,000 after acquiring an additional 1,310 shares during the period. Finally, Nykredit A S purchased a new position in C3.ai in the second quarter valued at $84,000. 38.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AI shares. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday, September 3rd. DA Davidson restated an “underperform” rating and issued a $7.00 target price on shares of C3.ai in a research report on Tuesday, September 1st. Citigroup reiterated a “market perform” rating on shares of C3.ai in a report on Thursday, September 3rd. Citizens Jmp restated a “market perform” rating on shares of C3.ai in a report on Tuesday, September 29th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $10.00 target price on shares of C3.ai in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $9.36.

View Our Latest Stock Report on AI

Key C3.ai News

Here are the key news stories impacting C3.ai this week:

  • Positive Sentiment: Northland Securities upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10, implying approximately 37% upside from the referenced share price. The firm described the enterprise AI platform as a potential “new growth engine” and cited easier year-over-year comparisons. C3.ai rallies after Northland upgrades stock on enterprise AI platform launch
  • Positive Sentiment: Northland’s FY2028 forecast calls for a narrower loss of $1.85 per share, compared with the current fiscal-year consensus loss of $2.21, suggesting analysts expect gradual improvement over time.
  • Neutral Sentiment: Northland estimates losses of $0.51 per share in Q1 2028, $0.48 in Q2, $0.44 in Q3 and $0.42 in Q4. The estimates reinforce that C3.ai remains unprofitable, despite the expected improvement.
  • Neutral Sentiment: C3.ai has attracted elevated attention from Zacks users, which may increase trading interest and volatility but does not by itself indicate improving fundamentals. C3.ai is Attracting Investor Attention
  • Negative Sentiment: The company’s investment case still depends on converting its AI platform launch into sustained revenue growth and reduced losses; Northland’s forecasts show profitability is not expected in the near term.

About C3.ai

(Get Free Report)

C3.ai, Inc is an enterprise artificial intelligence software company that develops applications and tools designed to help organizations use AI and machine learning to analyze data, automate processes and support business decision-making. The company’s offerings are intended for large commercial enterprises, government agencies and other organizations managing complex operational and data environments.

Its product portfolio includes the C3 AI Platform, which provides capabilities for developing, deploying and operating AI applications, as well as prebuilt enterprise applications.

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Insider Buying and Selling by Quarter for C3.ai (NYSE:AI)

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