C3.ai (NYSE:AI) Chairman Sells 554,802 Shares

Key Points

• Chairman Thomas Siebel of C3.ai sold 554,802 shares for approximately $10.44 million, reducing his ownership by 22.10% to 1,955,300 shares valued at around $36.80 million.
• C3.ai's stock price decreased by 6.3%, reaching $18.06, with a market cap of $2.49 billion and significant shifts in trading volumes.
• The company reported a loss of $0.86 EPS for the quarter, missing estimates, and had a revenue decline of 19.4% year-over-year, prompting a mix of hold and downgrade ratings from analysts.

C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas Siebel sold 554,802 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $18.82, for a total value of $10,441,373.64. Following the completion of the sale, the chairman owned 1,955,300 shares in the company, valued at approximately $36,798,746. The trade was a 22.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

C3.ai Stock Down 6.3%

AI traded down $1.21 on Thursday, reaching $18.06. 8,097,501 shares of the company traded hands, compared to its average volume of 6,684,745. The company has a market cap of $2.49 billion, a P/E ratio of -6.95 and a beta of 1.96. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08. The firm has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $21.59.

C3.ai (NYSE:AI - Get Free Report) last posted 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 the consensus estimate 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 revenue was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. On average, equities analysts forecast that C3.ai, Inc. will post -2.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in C3.ai by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock worth $282,228,000 after acquiring an additional 471,521 shares in the last quarter. State Street Corp increased its holdings in shares of C3.ai by 4.3% during the second quarter. State Street Corp now owns 2,826,249 shares of the company's stock valued at $69,441,000 after acquiring an additional 116,611 shares in the last quarter. Geode Capital Management LLC grew its position in C3.ai by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company's stock worth $69,129,000 after purchasing an additional 156,925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in C3.ai by 2.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,214,190 shares of the company's stock valued at $54,401,000 after purchasing an additional 56,887 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in C3.ai by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 719,259 shares of the company's stock valued at $15,140,000 after purchasing an additional 23,366 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AI. KeyCorp decreased their price objective on C3.ai from $18.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, September 4th. UBS Group boosted their price target on shares of C3.ai from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai 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 objective for the company. in a research note on Tuesday, August 12th. Finally, Westpark Capital raised C3.ai to a "strong-buy" rating and set a $40.00 target price on the stock in a research report on Wednesday, July 9th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $22.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.