C3.ai, Inc. $AI Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in C3.ai, Inc. by 4.5% in the first quarter, owning approximately $45.41 million worth of shares.
• C3.ai reported a loss of ($0.86) EPS for the last quarter, missing estimates and showing a revenue decline of 19.4% year-over-year.
• Insider selling was significant, with C3.ai's Chairman selling 17,200 shares, reflecting a 52.54% decrease in his holdings.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in C3.ai, Inc. (NYSE:AI - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,157,303 shares of the company's stock after buying an additional 91,923 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.63% of C3.ai worth $45,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new position in shares of C3.ai in the fourth quarter worth $42,306,000. Man Group plc purchased a new position in shares of C3.ai in the fourth quarter worth about $38,455,000. Two Sigma Advisers LP purchased a new stake in C3.ai in the fourth quarter valued at approximately $30,725,000. Vident Advisory LLC raised its position in C3.ai by 3,935.9% during the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company's stock worth $11,967,000 after buying an additional 554,406 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of C3.ai by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock valued at $282,228,000 after acquiring an additional 471,521 shares during the last quarter. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AI has been the topic of several analyst reports. Oppenheimer reaffirmed a "market perform" rating on shares of C3.ai in a research report on Tuesday, August 12th. KeyCorp reduced their price target 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. Westpark Capital upgraded C3.ai to a "strong-buy" rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 9th. JMP Securities cut 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 report on Thursday, September 4th. Finally, Wall Street Zen downgraded shares of C3.ai from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued 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 stock currently has an average rating of "Reduce" and an average price target of $22.00.

Insider Activity

In other C3.ai news, Chairman Thomas M. Siebel sold 17,200 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $16.49, for a total value of $283,628.00. Following the transaction, the chairman directly owned 15,536 shares in the company, valued at $256,188.64. This represents a 52.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $131,365.75. Following the sale, the vice president owned 13,740 shares of the company's stock, valued at $329,073. This represents a 28.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,161,058 shares of company stock valued at $50,480,751 in the last 90 days. Company insiders own 26.50% of the company's stock.

C3.ai Price Performance

Shares of C3.ai stock remained flat at $15.74 on Tuesday. The stock had a trading volume of 6,679,923 shares, compared to its average volume of 6,343,219. The stock's fifty day moving average is $22.06 and its 200-day moving average is $22.49. The stock has a market cap of $2.12 billion, a PE ratio of -6.05 and a beta of 1.96. C3.ai, Inc. has a fifty-two week low of $14.70 and a fifty-two week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.65). C3.ai had a negative return on equity of 40.06% and a negative net margin of 92.08%.The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $104.02 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. C3.ai's revenue for the quarter was down 19.4% on a year-over-year basis. C3.ai has set its Q2 2026 guidance at EPS. As a group, sell-side analysts predict that C3.ai, Inc. will post -2.44 earnings per share 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.