C3.ai (NYSE:AI) Shares Down 1.9% - Here's What Happened

Key Points

• C3.ai's shares fell by 1.9%, closing at $16.63, with a significant drop in trading volume of 80% compared to the average session.
• Analysts have downgraded the stock's price targets, with Canaccord Genuity reducing it from $30 to $28 and Northland Securities setting a target of $17.
• Insider transactions included CEO Thomas M. Siebel selling 601,498 shares at an average price of $25.02, indicating a 13.61% decrease in his holdings.

C3.ai, Inc. (NYSE:AI - Get Free Report)'s share price traded down 1.9% during trading on Thursday . The stock traded as low as $16.58 and last traded at $16.63. 1,192,805 shares traded hands during trading, a decline of 80% from the average session volume of 6,055,595 shares. The stock had previously closed at $16.94.

Analyst Ratings Changes

Several analysts recently commented on the company. Canaccord Genuity Group dropped their price objective on C3.ai from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Piper Sandler dropped their price target on C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. KeyCorp reissued a "mixed" rating on shares of C3.ai in a research note on Thursday, May 29th. Northland Securities downgraded C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 price target on the stock. in a research note on Tuesday, August 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $27.43.

C3.ai Price Performance

The firm has a 50-day moving average price of $23.99 and a 200 day moving average price of $24.02. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -7.48 and a beta of 1.98.

C3.ai (NYSE:AI - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.04. The company had revenue of $108.72 million for the quarter, compared to the consensus estimate of $107.85 million. C3.ai had a negative return on equity of 33.51% and a negative net margin of 74.21%.The firm's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. C3.ai has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas M. Siebel sold 601,498 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $25.02, for a total value of $15,049,479.96. Following the completion of the transaction, the chief executive officer directly owned 3,816,802 shares in the company, valued at approximately $95,496,386.04. This represents a 13.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen M. Ward, Jr. sold 42,382 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $26.32, for a total value of $1,115,494.24. Following the transaction, the director directly owned 546,495 shares of the company's stock, valued at approximately $14,383,748.40. This represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,257,074 shares of company stock worth $53,260,950 in the last ninety days. Insiders own 33.54% of the company's stock.

Hedge Funds Weigh In On C3.ai

Several hedge funds have recently modified their holdings of AI. Vanguard Group Inc. raised its holdings in shares of C3.ai by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock worth $282,228,000 after purchasing an additional 471,521 shares during the period. State Street Corp raised its holdings in C3.ai by 4.3% during the 2nd 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 during the period. Geode Capital Management LLC raised its holdings 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 valued at $69,129,000 after acquiring an additional 156,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 56,887 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of C3.ai during the 4th quarter valued at $42,306,000. Institutional investors own 38.96% of the company's stock.

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.

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