C3.ai, Inc. $AI Shares Sold by Global Assets Advisory LLC

Key Points

• Global Assets Advisory LLC reduced its stake in C3.ai by 67.3%, now holding 29,737 shares valued at $731,000 after selling 61,136 shares in the second quarter.
• Multiple institutional investors made significant changes to their positions, with Liontrust Investment Partners increasing its holdings by 203.2% in the first quarter.
• C3.ai reported a net loss with earnings per share of (0.86), significantly missing consensus estimates and experiencing a 19.4% year-over-year revenue decline.

Global Assets Advisory LLC reduced its stake in C3.ai, Inc. (NYSE:AI - Free Report) by 67.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,737 shares of the company's stock after selling 61,136 shares during the period. Global Assets Advisory LLC's holdings in C3.ai were worth $731,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Liontrust Investment Partners LLP lifted its holdings in shares of C3.ai by 203.2% in the 1st quarter. Liontrust Investment Partners LLP now owns 144,288 shares of the company's stock worth $3,037,000 after purchasing an additional 96,695 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in C3.ai in the first quarter valued at $274,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of C3.ai during the first quarter valued at $668,000. Banque Cantonale Vaudoise bought a new position in shares of C3.ai during the first quarter worth about $390,000. Finally, GAMMA Investing LLC increased its holdings in shares of C3.ai by 4,846.5% in the 1st quarter. GAMMA Investing LLC now owns 12,020 shares of the company's stock worth $253,000 after acquiring an additional 11,777 shares during the period. 38.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AI. Westpark Capital upgraded shares of C3.ai to a "strong-buy" rating and set a $40.00 target price for the company in a research report on Wednesday, July 9th. DA Davidson reiterated an "underperform" rating and set a $13.00 price objective (down from $25.00) on shares of C3.ai in a research report on Monday, August 11th. Weiss Ratings restated a "sell (d-)" rating on shares of C3.ai in a research report on Saturday, September 27th. Oppenheimer reiterated a "market perform" rating on shares of C3.ai in a research report on Tuesday, August 12th. Finally, KeyCorp lowered their price target on C3.ai from $18.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $22.09.

C3.ai Stock Performance

Shares of NYSE AI opened at $19.16 on Monday. C3.ai, Inc. has a 1 year low of $14.70 and a 1 year high of $45.08. The firm has a market cap of $2.64 billion, a P/E ratio of -7.37 and a beta of 1.96. The stock has a fifty day moving average price of $18.47 and a two-hundred day moving average price of $21.78.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) earnings per share 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 firm had revenue of $70.26 million during the quarter, compared to analyst estimates of $104.02 million. During the same quarter last year, the company earned ($0.05) EPS. The company's quarterly revenue was down 19.4% compared to the same quarter last year. C3.ai has set its Q2 2026 guidance at EPS. On average, research analysts predict that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Insider Transactions at C3.ai

In other C3.ai news, EVP Robert David Schilling sold 470,420 shares of C3.ai stock in a transaction that occurred on 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 transaction, the executive vice president owned 1,011,327 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, CFO Hitesh Lath sold 46,881 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total value of $796,508.19. Following the completion of the transaction, the chief financial officer directly owned 209,154 shares in the company, valued at $3,553,526.46. This represents a 18.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,695,772 shares of company stock valued at $54,661,544 in the last quarter. Insiders own 26.50% 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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