Perbak Capital Partners LLP Takes Position in C3.ai, Inc. $AI

Key Points

• Perbak Capital Partners LLP acquired 16,210 shares of C3.ai, Inc. valued at approximately $341,000, marking a new investment in the company during the first quarter.
• Institutional investors own 38.96% of C3.ai's stock, with various firms recently increasing or initiating positions in the company.
• C3.ai's stock has a current average rating of "Reduce" with a consensus price target of $27.43, reflecting mixed signals from analysts regarding its future performance.

Perbak Capital Partners LLP acquired a new position in C3.ai, Inc. (NYSE:AI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,210 shares of the company's stock, valued at approximately $341,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of C3.ai in the fourth quarter worth approximately $34,000. Raiffeisen Bank International AG purchased a new stake in shares of C3.ai in the fourth quarter worth approximately $36,000. Garde Capital Inc. purchased a new stake in shares of C3.ai in the first quarter worth approximately $29,000. CX Institutional purchased a new stake in shares of C3.ai in the first quarter worth approximately $34,000. Finally, Versant Capital Management Inc raised its stake in shares of C3.ai by 417.5% in the first quarter. Versant Capital Management Inc now owns 1,868 shares of the company's stock worth $39,000 after purchasing an additional 1,507 shares during the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group decreased their price target on C3.ai from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday. Northland Securities downgraded C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 price target for the company. in a research report on Tuesday, August 12th. Wall Street Zen downgraded C3.ai from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Morgan Stanley increased their price target on C3.ai from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, C3.ai presently has a consensus rating of "Reduce" and an average target price of $23.00.

Insider Transactions at C3.ai

In other news, VP Merel Witteveen sold 5,485 shares of C3.ai stock in a transaction 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 transaction, the vice president directly owned 13,740 shares in the company, valued at approximately $329,073. The trade was a 28.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Hitesh Lath sold 17,689 shares of C3.ai stock in a transaction 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 transaction, the chief financial officer owned 166,218 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 2,162,768 shares of company stock valued at $50,525,604. Corporate insiders own 26.50% of the company's stock.

C3.ai Stock Performance

NYSE:AI traded up $0.12 during trading hours on Friday, reaching $15.58. The stock had a trading volume of 12,575,946 shares, compared to its average volume of 12,540,028. The stock has a 50 day simple moving average of $22.24 and a 200 day simple moving average of $22.69. C3.ai, Inc. has a 12-month low of $14.70 and a 12-month high of $45.08. The stock has a market cap of $2.09 billion, a P/E ratio of -5.99 and a beta of 1.96.

C3.ai (NYSE:AI - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $104.02 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The business's quarterly revenue was down 19.4% compared to the same quarter last year. C3.ai has set its Q2 2026 guidance at EPS. On average, equities analysts expect 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.