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 position in shares of C3.ai, Inc. (NYSE:AI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 42,981 shares of the company's stock, valued at approximately $905,000.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of C3.ai by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company's stock worth $138,000 after purchasing an additional 510 shares in the last quarter. Optimum Investment Advisors grew its position in C3.ai by 35.6% in the first quarter. Optimum Investment Advisors now owns 2,668 shares of the company's stock worth $56,000 after buying an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in C3.ai by 2.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,460 shares of the company's stock worth $773,000 after buying an additional 708 shares during the last quarter. Probity Advisors Inc. grew its position in C3.ai by 4.4% in the first quarter. Probity Advisors Inc. now owns 17,444 shares of the company's stock worth $367,000 after buying an additional 738 shares during the last quarter. Finally, Aspect Partners LLC grew its position in C3.ai by 14.3% in the first quarter. Aspect Partners LLC now owns 7,504 shares of the company's stock worth $158,000 after buying an additional 941 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

C3.ai Stock Down 0.5%

AI traded down $0.08 during midday trading on Tuesday, reaching $15.67. 5,144,380 shares of the company's stock were exchanged, compared to its average volume of 6,332,796. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -6.03 and a beta of 1.96. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08. The business has a 50-day simple moving average of $22.06 and a two-hundred day simple moving average of $22.49.

C3.ai (NYSE:AI - Get Free Report) last announced 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 40.06% and a negative net margin of 92.08%.The firm's revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. As a group, research analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Northland Capmk lowered C3.ai from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Canaccord Genuity Group reduced their target price on C3.ai from $28.00 to $16.00 and set a "hold" rating for the company in a report on Friday. JMP Securities lowered their price target on shares of C3.ai from $30.00 to $24.00 and set a "market outperform" rating on the stock in a report on Thursday, September 4th. Finally, Northland Securities lowered shares of C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 price objective for the company. in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $22.00.

Insider Buying and Selling at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 17,689 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $24.96, for a total transaction of $441,517.44. Following the sale, the chief financial officer directly owned 166,218 shares of the company's stock, valued at approximately $4,148,801.28. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Merel Witteveen sold 5,485 shares of the company's stock in a transaction dated 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 directly owned 13,740 shares in the company, valued at $329,073. This represents a 28.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,161,058 shares of company stock worth $50,480,751 in the last three months. 26.50% of the stock is currently owned by company insiders.

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.