C3.ai, Inc. $AI Holdings Lifted by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in C3.ai, Inc. by 228.3% during Q1, now holding approximately $2.5 million worth of shares.
• Several institutional investors have significantly boosted their investments in C3.ai, leading to a total institutional ownership of 38.96%.
• C3.ai reported a 25.5% increase in quarterly revenue year-over-year, beating earnings expectations with an EPS of ($0.16).

Algert Global LLC grew its position in C3.ai, Inc. (NYSE:AI - Free Report) by 228.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,553 shares of the company's stock after purchasing an additional 83,140 shares during the period. Algert Global LLC owned approximately 0.09% of C3.ai worth $2,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AI. Russell Investments Group Ltd. grew its position in C3.ai by 100.7% in the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after purchasing an additional 456 shares during the last quarter. Invesco Ltd. lifted its stake in shares of C3.ai by 9.2% in the 4th quarter. Invesco Ltd. now owns 331,767 shares of the company's stock worth $11,423,000 after acquiring an additional 28,071 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of C3.ai in the 4th quarter worth approximately $3,942,000. Mariner LLC lifted its stake in shares of C3.ai by 5.6% in the 4th quarter. Mariner LLC now owns 23,717 shares of the company's stock worth $817,000 after acquiring an additional 1,262 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of C3.ai by 191.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 30,300 shares of the company's stock worth $1,043,000 after acquiring an additional 19,900 shares during the period. Institutional investors own 38.96% of the company's stock.

Insider Activity

In related news, Director John E. Hyten sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $23.75, for a total value of $237,500.00. Following the completion of the sale, the director owned 63,942 shares in the company, valued at approximately $1,518,622.50. This represents a 13.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Hitesh Lath sold 17,689 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $24.96, for a total transaction of $441,517.44. Following the completion of the sale, the chief financial officer owned 166,218 shares of the company's stock, valued at approximately $4,148,801.28. This trade represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,257,074 shares of company stock worth $53,260,950 in the last quarter. Insiders own 33.54% of the company's stock.

C3.ai Stock Performance

Shares of NYSE:AI opened at $16.9150 on Thursday. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08. The stock has a fifty day moving average of $23.99 and a 200-day moving average of $24.02. The company has a market capitalization of $2.27 billion, a PE ratio of -7.55 and a beta of 1.98.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly 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 business had revenue of $108.72 million during the quarter, compared to the consensus estimate of $107.85 million. C3.ai had a negative net margin of 74.21% and a negative return on equity of 33.51%. The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS. C3.ai has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AI. Morgan Stanley upped their price target on shares of C3.ai from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Thursday, May 29th. UBS Group reduced their price target on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price target on shares of C3.ai in a research note on Friday, July 25th. KeyCorp reissued a "mixed" rating on shares of C3.ai in a research note on Thursday, May 29th. Finally, Piper Sandler cut their target price on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $27.43.

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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