C3.ai (NYSE:AI) Chairman Thomas Siebel Sells 17,200 Shares

Key Points

• Chairman Thomas Siebel of C3.ai sold 17,200 shares of the company's stock at an average price of $16.49, resulting in a total transaction of $283,628. This sale represents a 52.54% decrease in his holdings.
• C3.ai reported a loss of ($0.86) earnings per share for the quarter, significantly missing analysts' expectations of ($0.15) by ($0.71).
• Analysts have issued a mixed bag of ratings on C3.ai, with consensus showing a rating of "Reduce" and an average target price of $27.43, while the stock traded down 1.0% to $16.66.

C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas Siebel sold 17,200 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $16.49, for a total transaction of $283,628.00. Following the completion of the transaction, the chairman owned 15,536 shares of the company's stock, valued at approximately $256,188.64. The trade was a 52.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

C3.ai Stock Down 1.0%

NYSE:AI traded down $0.16 during trading hours on Wednesday, reaching $16.66. 16,077,227 shares of the company's stock were exchanged, compared to its average volume of 6,127,112. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -7.44 and a beta of 1.96. The company has a 50-day moving average of $22.60 and a 200 day moving average of $22.91. C3.ai, Inc. has a 1-year low of $14.70 and a 1-year high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.71). C3.ai had a negative return on equity of 33.51% and a negative net margin of 74.21%.During the same quarter last year, the firm posted ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. Research analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on AI shares. KeyCorp reiterated a "mixed" rating on shares of C3.ai in a research note on Thursday, May 29th. Northland Securities cut shares of C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 target price for the company. in a research note on Tuesday, August 12th. Northland Capmk cut shares of C3.ai from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. DA Davidson restated an "underperform" rating and issued a $13.00 target price (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. Finally, JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of C3.ai in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $27.43.

Hedge Funds Weigh In On C3.ai

A number of large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans purchased a new position in shares of C3.ai in the 2nd quarter valued at about $563,000. Marex Group plc purchased a new position in shares of C3.ai in the 2nd quarter valued at about $250,000. Advisory Services Network LLC increased its holdings in shares of C3.ai by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 82,569 shares of the company's stock valued at $1,945,000 after purchasing an additional 6,823 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of C3.ai in the 2nd quarter valued at about $256,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of C3.ai by 601.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 21,794 shares of the company's stock valued at $535,000 after purchasing an additional 18,686 shares in the last quarter. Hedge funds and other institutional investors own 38.96% of the company's stock.

C3.ai Company Profile

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.

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