Trexquant Investment LP Makes New Investment in C3.ai, Inc. $AI

Key Points

• Trexquant Investment LP has acquired a new stake in C3.ai, purchasing 42,981 shares valued at approximately $905,000 during the first quarter.
• C3.ai reported a loss of $0.86 EPS for the quarter, missing analysts' estimates, and its revenue was down 19.4% year-over-year.
• Wall Street analysts have mixed opinions on C3.ai, with ratings ranging from a "Strong Buy" to "Sell," and a consensus price target of $23.00.

Trexquant Investment LP acquired a new stake in C3.ai, Inc. (NYSE:AI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 42,981 shares of the company's stock, valued at approximately $905,000.

Other institutional investors also recently bought and sold shares of the company. Zweig DiMenna Associates LLC acquired a new position in C3.ai in the 1st quarter valued at $274,000. Liontrust Investment Partners LLP increased its stake in C3.ai by 203.2% in the 1st quarter. Liontrust Investment Partners LLP now owns 144,288 shares of the company's stock valued at $3,037,000 after buying an additional 96,695 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in C3.ai in the 1st quarter valued at $668,000. Banque Cantonale Vaudoise acquired a new position in C3.ai in the 1st quarter valued at $390,000. Finally, GAMMA Investing LLC increased its stake in C3.ai by 4,846.5% in the 1st quarter. GAMMA Investing LLC now owns 12,020 shares of the company's stock valued at $253,000 after buying an additional 11,777 shares during the period. 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 17,200 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $16.49, for a total value of $283,628.00. Following the sale, the chairman directly owned 15,536 shares of the company's stock, valued at approximately $256,188.64. This represents a 52.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Merel Witteveen sold 5,485 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $23.95, for a total transaction of $131,365.75. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 1,559,560 shares of company stock valued at $35,431,271 in the last quarter. Insiders own 26.50% of the company's stock.

Wall Street Analysts Forecast Growth

AI has been the topic of several recent research reports. KeyCorp dropped their price objective on shares of C3.ai from $18.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. dropped their price objective on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. Northland Capmk cut shares of C3.ai from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Piper Sandler cut their price target on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $22.00.

C3.ai Trading Down 1.0%

Shares of AI traded down $0.16 during trading hours on Wednesday, reaching $15.59. The company had a trading volume of 6,952,488 shares, compared to its average volume of 9,442,696. The firm has a 50 day simple moving average of $21.68 and a 200-day simple moving average of $22.40. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -5.99 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 data 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 during the quarter, compared to analyst estimates of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.06%. C3.ai's revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Sell-side analysts forecast that C3.ai, Inc. will post -2.44 earnings per share for the current 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.