Voya Investment Management LLC Lowers Holdings in C3.ai, Inc. $AI

Key Points

• Voya Investment Management LLC reduced its stake in C3.ai, Inc. by 29.9%, holding approximately 3.91 million shares valued at $82.34 million.
• C3.ai reported a substantial earnings miss with an EPS of ($0.86), falling short of the consensus estimate by ($0.65) and showing a year-over-year revenue decline of 19.4%.
• Analysts have mixed views on C3.ai, with ratings ranging from "strong-buy" to "underweight," and an average price target set at $22.09.

Voya Investment Management LLC lessened its holdings in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 29.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,911,703 shares of the company's stock after selling 1,672,071 shares during the quarter. Voya Investment Management LLC owned about 2.95% of C3.ai worth $82,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in C3.ai by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company's stock valued at $138,000 after acquiring an additional 510 shares in the last quarter. Optimum Investment Advisors raised its holdings in C3.ai by 35.6% in the first quarter. Optimum Investment Advisors now owns 2,668 shares of the company's stock valued at $56,000 after acquiring an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 valued at $773,000 after acquiring an additional 708 shares in the last quarter. Probity Advisors Inc. raised its holdings in C3.ai by 4.4% in the first quarter. Probity Advisors Inc. now owns 17,444 shares of the company's stock valued at $367,000 after acquiring an additional 738 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in C3.ai by 48.7% in the first quarter. NewEdge Advisors LLC now owns 2,442 shares of the company's stock valued at $51,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 38.96% of the company's stock.

C3.ai Price Performance

Shares of AI traded up $0.01 during mid-day trading on Tuesday, reaching $17.54. 9,289,097 shares of the company's stock were exchanged, compared to its average volume of 6,426,673. The stock has a market capitalization of $2.36 billion, a PE ratio of -6.75 and a beta of 1.96. The business's fifty day simple moving average is $20.97 and its 200-day simple moving average is $22.15. C3.ai, Inc. has a 52-week low of $14.70 and a 52-week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last announced 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). The business had revenue of $70.26 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Equities research analysts predict that C3.ai, Inc. will post -2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AI. JMP Securities reduced their target price 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. Canaccord Genuity Group reduced their target price on shares of C3.ai from $28.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. UBS Group raised their price objective on shares of C3.ai from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday. Finally, DA Davidson reissued an "underperform" rating and set a $13.00 price objective (down previously from $25.00) on shares of C3.ai in a report on Monday, August 11th. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $22.09.

Insider Buying and Selling

In other news, CEO Thomas M. Siebel sold 589,468 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $28.58, for a total transaction of $16,846,995.44. Following the transaction, the chief executive officer directly owned 3,227,334 shares in the company, valued at approximately $92,237,205.72. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Hitesh Lath sold 17,689 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $24.96, for a total transaction of $441,517.44. Following the transaction, the chief financial officer owned 166,218 shares in the company, 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 90 days, insiders have sold 1,630,035 shares of company stock worth $36,418,658. Insiders own 26.50% of the company's stock.

C3.ai Profile

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.