Engineers Gate Manager LP Invests $2.85 Million in C3.ai, Inc. $AI

Key Points

• Engineers Gate Manager LP acquired 314,126 C3.ai shares worth approximately $2.85 million, giving it a 0.20% stake. Institutional investors collectively own 38.96% of the company.
• C3.ai beat quarterly EPS and revenue estimates, but revenue fell 25.4% year over year to $52.38 million and the company remained deeply unprofitable, with a negative net margin of 192.1%.
• Wall Street remains cautious: analysts’ consensus rating is “Reduce,” with an average price target of $8.70. Insiders have also sold 763,075 shares worth about $7.76 million over the past 90 days.

Engineers Gate Manager LP bought a new stake in shares of C3.ai, Inc. (NYSE:AI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 314,126 shares of the company's stock, valued at approximately $2,855,000. Engineers Gate Manager LP owned about 0.20% of C3.ai as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AI. AQR Capital Management LLC increased its stake in C3.ai by 267.9% in the 1st quarter. AQR Capital Management LLC now owns 181,354 shares of the company's stock worth $3,788,000 after purchasing an additional 132,056 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of C3.ai by 48.7% in the first quarter. NewEdge Advisors LLC now owns 2,442 shares of the company's stock worth $51,000 after buying an additional 800 shares during the period. Woodline Partners LP acquired a new position in shares of C3.ai in the first quarter worth about $346,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of C3.ai by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,784 shares of the company's stock worth $5,111,000 after acquiring an additional 10,675 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of C3.ai by 2.6% in the first quarter. Focus Partners Wealth now owns 59,004 shares of the company's stock worth $1,242,000 after acquiring an additional 1,503 shares in the last quarter. Institutional investors and hedge funds own 38.96% of the company's stock.

Trending Headlines about C3.ai

Here are the key news stories impacting C3.ai this week:

• Positive Sentiment: Federal bookings surged 138% in the fiscal first quarter, while restructuring efforts are improving margins. The combination suggests potential progress in C3.ai’s government business and cost structure. C3.ai Q1 2027 Earnings Call Transcript
• Positive Sentiment: Northland Securities raised its projected EPS for C3.ai’s second, third, and fourth quarters of fiscal 2027, as well as its full-year forecast. Although the company is still expected to report losses, the revised estimates indicate expectations for narrower losses than previously forecast. C3.ai Analyst Estimate Updates
• Neutral Sentiment: Recent coverage compares C3.ai’s fiscal first-quarter revenue, EPS, and operating metrics with Wall Street estimates and year-ago results. The reports provide additional context on execution but do not identify a new company-specific catalyst in the available details. Compared to Estimates, C3.ai Q1 Earnings
• Neutral Sentiment: Broader debate over whether artificial-intelligence risks are exaggerated could influence sentiment toward AI-related stocks, but the discussion is not specific to C3.ai’s fundamentals. AI Doomer Narrative Explodes as Tech Leaders Fire Back
• Negative Sentiment: Analysts give C3.ai an average “Reduce” recommendation, signaling continued caution about the company’s valuation, growth outlook, or path to profitability. C3.ai Given Average Recommendation of Reduce
• Negative Sentiment: Despite beating the latest quarterly EPS and revenue estimates, C3.ai remains deeply unprofitable, and revenue declined 25.4% year over year. Continued losses and weak top-line growth may limit the stock’s upside.

Insider Buying and Selling

In other C3.ai news, CEO Thomas M. Siebel sold 16,890 shares of the company's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.30, for a total value of $173,967.00. Following the transaction, the chief executive officer directly owned 738,208 shares of the company's stock, valued at $7,603,542.40. This represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Hitesh Lath sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $10.00, for a total value of $200,000.00. Following the completion of the transaction, the chief financial officer owned 363,106 shares in the company, valued at $3,631,060. This represents a 5.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 763,075 shares of company stock worth $7,757,502. Corporate insiders own 19.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AI. KeyCorp restated an "underweight" rating on shares of C3.ai in a research report on Thursday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research report on Thursday, September 3rd. Wall Street Zen raised shares of C3.ai from a "sell" rating to a "hold" rating in a research note on Sunday. Canaccord Genuity Group restated a "hold" rating and issued a $10.00 target price on shares of C3.ai in a report on Thursday, September 3rd. Finally, Citizens Jmp restated a "market perform" rating on shares of C3.ai in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and seven have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $8.70.

C3.ai Stock Performance

Shares of AI opened at $10.53 on Monday. The company has a market capitalization of $1.64 billion, a PE ratio of -3.42 and a beta of 2.10. The company's 50 day moving average price is $9.68 and its 200 day moving average price is $9.43. C3.ai, Inc. has a 52 week low of $7.68 and a 52 week high of $20.22.

C3.ai (NYSE:AI - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.06. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. The company had revenue of $52.38 million during the quarter, compared to the consensus estimate of $52.06 million. During the same quarter in the prior year, the firm earned ($0.37) EPS. The company's revenue was down 25.4% compared to the same quarter last year. On average, equities analysts forecast that C3.ai, Inc. will post -2.22 earnings per share for the current fiscal year.

About C3.ai

C3.ai, Inc develops enterprise artificial intelligence software and applications for organizations in a range of industries. Its technology is designed to help businesses use data, machine learning and predictive analytics to address operational, financial and strategic challenges.

The company's offerings include the C3 AI Platform, which provides tools for developing, deploying and operating AI applications, as well as prebuilt applications for use cases such as predictive maintenance, fraud detection, supply-chain optimization, customer engagement, energy management and regulatory compliance.

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