KG&L Capital Management LLC Has $1.93 Million Stake in C3.ai, Inc. $AI

Key Points

• KG&L Capital Management LLC increased its stake in C3.ai by 36.5%, now owning approximately $1.93 million worth of shares.
• C3.ai reported a loss of ($0.86) EPS for the quarter, missing analysts' estimates and seeing revenue decline by 19.4% year-over-year.
• Recent insider selling included Chairman Thomas M. Siebel divesting over 566,000 shares, reducing his ownership by 18.40%.

KG&L Capital Management LLC boosted its stake in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 36.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,519 shares of the company's stock after buying an additional 20,985 shares during the quarter. KG&L Capital Management LLC owned approximately 0.06% of C3.ai worth $1,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AI. Garde Capital Inc. acquired a new position in C3.ai during the 1st quarter worth about $29,000. CX Institutional acquired a new position in C3.ai during the 1st quarter worth about $34,000. Versant Capital Management Inc lifted its holdings in C3.ai by 417.5% during the 1st quarter. Versant Capital Management Inc now owns 1,868 shares of the company's stock worth $39,000 after buying an additional 1,507 shares during the period. NewEdge Advisors LLC raised its position in shares of C3.ai by 48.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,442 shares of the company's stock worth $51,000 after acquiring an additional 800 shares in the last quarter. Finally, Optimum Investment Advisors raised its position in shares of C3.ai by 35.6% in the 1st quarter. Optimum Investment Advisors now owns 2,668 shares of the company's stock worth $56,000 after acquiring an additional 700 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at C3.ai

In related news, Chairman Thomas M. Siebel sold 566,125 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $17.23, for a total transaction of $9,754,333.75. Following the sale, the chairman directly owned 2,510,102 shares in the company, valued at approximately $43,249,057.46. The trade was a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Hitesh Lath sold 46,881 shares of the business'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 sale, the chief financial officer owned 209,154 shares in the company, valued at approximately $3,553,526.46. The trade was a 18.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,225,352 shares of company stock worth $46,527,982. Corporate insiders own 26.50% of the company's stock.

C3.ai Trading Down 0.8%

Shares of C3.ai stock opened at $17.14 on Friday. The business's fifty day simple moving average is $19.44 and its 200 day simple moving average is $21.92. The firm has a market capitalization of $2.36 billion, a P/E ratio of -6.59 and a beta of 1.96. C3.ai, Inc. has a 12 month low of $14.70 and a 12 month high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.65). The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $104.02 million. C3.ai had a negative return on equity of 40.69% and a negative net margin of 92.08%.The business's revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Analysts predict that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Analyst Ratings Changes

AI has been the subject of a number of research analyst reports. Northland Capmk lowered C3.ai from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. DA Davidson reaffirmed an "underperform" rating and issued a $13.00 target price (down from $25.00) on shares of C3.ai in a research report on Monday, August 11th. Northland Securities lowered C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 target price for the company. in a research report on Tuesday, August 12th. KeyCorp decreased their target price on C3.ai from $18.00 to $10.00 and set an "underweight" rating for the company in a research report on Thursday, September 4th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of C3.ai in a research report on Tuesday, August 12th. One 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $22.09.

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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