Vanguard Group Inc. Acquires 471,521 Shares of C3.ai, Inc. $AI

Key Points

• Vanguard Group Inc. increased its stake in C3.ai by 3.6% during the first quarter, owning approximately 10.10% of the company, valued at about $282 million.
• C3.ai reported a quarterly revenue of $108.72 million, exceeding expectations, with a 25.5% year-on-year increase in revenue, despite a negative EPS of ($0.16).
• Insider trading activity shows significant sales, with 2,257,074 shares sold by corporate insiders in the last ninety days, representing a total value of $53.26 million.

Vanguard Group Inc. grew its stake in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,407,490 shares of the company's stock after purchasing an additional 471,521 shares during the period. Vanguard Group Inc. owned approximately 10.10% of C3.ai worth $282,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AI. Russell Investments Group Ltd. raised its holdings in shares of C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock valued at $31,000 after purchasing an additional 456 shares during the period. Invesco Ltd. raised its holdings in shares of C3.ai by 9.2% during the fourth quarter. Invesco Ltd. now owns 331,767 shares of the company's stock valued at $11,423,000 after purchasing an additional 28,071 shares during the period. Legal & General Group Plc raised its holdings in shares of C3.ai by 0.4% during the fourth quarter. Legal & General Group Plc now owns 119,144 shares of the company's stock valued at $4,102,000 after purchasing an additional 517 shares during the period. Raymond James Financial Inc. acquired a new position in shares of C3.ai during the fourth quarter valued at about $3,942,000. Finally, Summit Investment Advisors Inc. raised its holdings in shares of C3.ai by 35.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,574 shares of the company's stock valued at $398,000 after purchasing an additional 3,005 shares during the period. Institutional investors and hedge funds own 38.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Northland Capmk lowered shares of C3.ai from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of C3.ai in a report on Friday, July 25th. UBS Group lowered their target price on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Wall Street Zen lowered shares of C3.ai from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Needham & Company LLC restated a "hold" rating on shares of C3.ai in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $27.43.

Insider Activity

In other news, CEO Thomas M. Siebel sold 601,498 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $25.02, for a total transaction of $15,049,479.96. Following the completion of the transaction, the chief executive officer directly owned 3,816,802 shares of the company's stock, valued at $95,496,386.04. This represents a 13.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard C. Levin sold 36,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.17, for a total transaction of $1,014,120.00. Following the transaction, the director directly owned 161,664 shares of the company's stock, valued at $4,554,074.88. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,257,074 shares of company stock worth $53,260,950. 33.54% of the stock is owned by insiders.

C3.ai Price Performance

Shares of C3.ai stock traded down $0.58 on Wednesday, reaching $16.80. 5,776,495 shares of the company traded hands, compared to its average volume of 6,069,460. C3.ai, Inc. has a 52 week low of $14.70 and a 52 week high of $45.08. The company has a 50 day moving average of $24.14 and a 200 day moving average of $24.07. The firm has a market capitalization of $2.26 billion, a PE ratio of -7.50 and a beta of 1.98.

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

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.