PDT Partners LLC Cuts Stock Position in C3.ai, Inc. $AI

Key Points

• PDT Partners LLC significantly reduced its stake in C3.ai, Inc. by 45.2%, owning 33,259 shares after selling 27,442 shares during the first quarter, valued at approximately $700,000.
• CFO Hitesh Lath and CEO Thomas M. Siebel sold a combined total of 619,187 shares of the company, reflecting a significant decrease in their ownership positions.
• C3.ai reported a net loss with earnings per share of ($0.86) for the last quarter, missing expectations, and its revenue of $70.26 million fell short of the consensus estimate of $104.02 million.

PDT Partners LLC lessened its position in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,259 shares of the company's stock after selling 27,442 shares during the quarter. PDT Partners LLC's holdings in C3.ai were worth $700,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Nomura Holdings Inc. raised its stake in shares of C3.ai by 605.5% during the 1st quarter. Nomura Holdings Inc. now owns 62,264 shares of the company's stock worth $1,311,000 after acquiring an additional 53,439 shares in the last quarter. Vident Advisory LLC boosted its stake in C3.ai by 3,935.9% in the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company's stock worth $11,967,000 after purchasing an additional 554,406 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in C3.ai by 570.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 203,200 shares of the company's stock worth $4,277,000 after purchasing an additional 172,900 shares in the last quarter. Trexquant Investment LP acquired a new stake in C3.ai in the 1st quarter worth approximately $905,000. Finally, Ieq Capital LLC boosted its stake in C3.ai by 108.9% in the 1st quarter. Ieq Capital LLC now owns 52,357 shares of the company's stock worth $1,102,000 after purchasing an additional 27,293 shares in the last quarter. Institutional investors own 38.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on AI shares. DA Davidson reiterated an "underperform" rating and issued a $13.00 target price (down from $25.00) on shares of C3.ai in a research note on Monday, August 11th. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research note on Thursday. JMP Securities lowered their target price on shares of C3.ai from $30.00 to $24.00 and set a "market outperform" rating for the company in a research note on Thursday. KeyCorp lowered their target price on shares of C3.ai from $18.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday. Finally, Piper Sandler lowered 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, one has assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $23.00.

Insider Activity

In other news, VP Merel Witteveen sold 5,485 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $23.95, for a total value of $131,365.75. Following the completion of the sale, the vice president directly owned 13,740 shares in the company, valued at $329,073. The trade was a 28.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Hitesh Lath sold 17,689 shares of the business'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 value 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 $4,148,801.28. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,162,768 shares of company stock valued at $50,525,604 in the last quarter. Company insiders own 26.50% of the company's stock.

C3.ai Stock Up 0.7%

Shares of NYSE AI traded up $0.12 during midday trading on Friday, reaching $15.58. 12,575,946 shares of the stock were exchanged, compared to its average volume of 12,540,028. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -5.99 and a beta of 1.96. The firm has a 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $22.64. C3.ai, Inc. has a twelve month low of $14.70 and a twelve month 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 for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The firm had revenue of $70.26 million for the quarter, compared to analysts' expectations of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.06%. C3.ai's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Research analysts expect that C3.ai, Inc. will post -2.44 EPS for the current fiscal 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.