C3.ai (NYSE:AI) EVP Robert David Schilling Sells 470,420 Shares

Key Points

• C3.ai EVP Robert David Schilling sold 470,420 shares of stock for a total of $8.13 million, reducing his ownership by 31.75%.
• Despite recently reporting a loss of ($0.86) EPS and missing revenue estimates, C3.ai's stock price rose 4.0% to $18.20 following the transaction.
• Analysts have varying opinions on C3.ai, with a consensus rating of "Reduce" and a price target averaging $22.09.

C3.ai, Inc. (NYSE:AI - Get Free Report) EVP Robert David Schilling sold 470,420 shares of C3.ai stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $17.29, for a total value of $8,133,561.80. Following the completion of the sale, the executive vice president owned 1,011,327 shares of the company's stock, valued at $17,485,843.83. The trade was a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

C3.ai Stock Up 4.0%

Shares of AI stock traded up $0.70 on Thursday, hitting $18.20. The stock had a trading volume of 9,148,325 shares, compared to its average volume of 6,527,511. The business has a 50 day moving average price of $18.76 and a 200 day moving average price of $21.84. The company has a market cap of $2.51 billion, a PE ratio of -7.00 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.

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

Institutional Investors Weigh In On C3.ai

A number of large investors have recently modified their holdings of the business. Vident Advisory LLC boosted its holdings in shares of C3.ai by 3,935.9% in the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company's stock valued at $11,967,000 after acquiring an additional 554,406 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $282,228,000 after acquiring an additional 471,521 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in C3.ai by 1,481.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,173 shares of the company's stock valued at $12,338,000 after acquiring an additional 470,422 shares during the period. Federated Hermes Inc. acquired a new position in C3.ai in the first quarter valued at approximately $8,206,000. Finally, Nuveen LLC acquired a new position in C3.ai in the first quarter valued at approximately $5,529,000. Hedge funds and other institutional investors own 38.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Westpark Capital upgraded C3.ai to a "strong-buy" rating and set a $40.00 target price on the stock in a research note on Wednesday, July 9th. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research note on Thursday, September 4th. Northland Securities lowered C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 target price on the stock. in a research note on Tuesday, August 12th. Northland Capmk lowered C3.ai from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, DA Davidson restated an "underperform" rating and set a $13.00 price target (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, C3.ai presently has a consensus rating of "Reduce" and a consensus price target of $22.09.

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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