Connor Clark & Lunn Investment Management Ltd. Makes New Investment in C3.ai, Inc. $AI

Key Points

• Connor Clark & Lunn Investment Management Ltd. has invested approximately $668,000 in C3.ai, Inc., acquiring 31,751 shares in the first quarter.
• Multiple institutional investors, including PNC Financial Services and Russell Investments, are adjusting their stakes in C3.ai, with 38.96% of the stock now owned by institutional investors.
• C3.ai's stock has declined 4.7% recently, trading at $17.35, with analysts providing mixed ratings and a target price averaging around $27.43.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in C3.ai, Inc. (NYSE:AI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,751 shares of the company's stock, valued at approximately $668,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AI. Garde Capital Inc. acquired a new position in shares of C3.ai in the first quarter valued at about $29,000. Russell Investments Group Ltd. boosted its position in C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after purchasing an additional 456 shares in the last quarter. Orion Capital Management LLC purchased a new position in C3.ai during the fourth quarter worth approximately $34,000. CX Institutional purchased a new position in C3.ai during the first quarter worth approximately $34,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of C3.ai in the fourth quarter valued at approximately $36,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of C3.ai in a research report on Friday, July 25th. Northland Capmk downgraded C3.ai from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a report on Monday, August 11th. Wall Street Zen downgraded C3.ai from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, KeyCorp restated a "mixed" rating on shares of C3.ai in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, C3.ai presently has a consensus rating of "Reduce" and a consensus price target of $27.43.

Insider Transactions at C3.ai

In related news, CFO Hitesh Lath sold 17,689 shares of C3.ai stock in a transaction on Friday, June 27th. The stock was sold at an average price of $24.96, for a total value of $441,517.44. Following the transaction, the chief financial officer owned 166,218 shares in the company, valued at approximately $4,148,801.28. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas M. Siebel sold 601,498 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer 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 disclosure for this sale can be found here. Insiders have sold 2,257,074 shares of company stock valued at $53,260,950 in the last ninety days. Company insiders own 33.54% of the company's stock.

C3.ai Price Performance

C3.ai stock traded down $0.1760 during mid-day trading on Thursday, hitting $16.7640. 2,487,630 shares of the company were exchanged, compared to its average volume of 6,063,800. The company has a market capitalization of $2.25 billion, a P/E ratio of -7.48 and a beta of 1.98. C3.ai, Inc. has a 12-month low of $14.70 and a 12-month high of $45.08. The business's 50 day simple moving average is $23.99 and its two-hundred day simple moving average is $24.02.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 33.51% and a negative net margin of 74.21%.The business's revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) earnings per share. C3.ai has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts predict that C3.ai, Inc. will post -2.44 earnings per share for the current year.

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.