C3.ai, Inc. $AI Shares Sold by Voya Investment Management LLC

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 trimmed its stake in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,911,703 shares of the company's stock after selling 1,672,071 shares during the period. Voya Investment Management LLC owned 2.95% of C3.ai worth $82,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zweig DiMenna Associates LLC purchased a new position in C3.ai during the first quarter valued at $274,000. Liontrust Investment Partners LLP lifted its holdings in C3.ai by 203.2% during the first quarter. Liontrust Investment Partners LLP now owns 144,288 shares of the company's stock valued at $3,037,000 after purchasing an additional 96,695 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of C3.ai in the first quarter valued at about $668,000. Banque Cantonale Vaudoise acquired a new stake in shares of C3.ai in the first quarter valued at about $390,000. Finally, GAMMA Investing LLC raised its position in shares of C3.ai by 4,846.5% in the first 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 last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other C3.ai news, CFO Hitesh Lath sold 46,881 shares of C3.ai stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total transaction of $796,508.19. Following the completion of the sale, the chief financial officer directly owned 209,154 shares in the company, valued at $3,553,526.46. This trade represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Thomas M. Siebel sold 566,125 shares of C3.ai stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $17.23, for a total transaction of $9,754,333.75. Following the sale, the chairman owned 2,510,102 shares of the company's stock, valued at approximately $43,249,057.46. This represents a 18.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,243,041 shares of company stock valued at $46,969,500. 26.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating for the company in a research report on Thursday, May 29th. Northland Securities cut shares of C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 target price for the company. in a research report on Tuesday, August 12th. Westpark Capital upgraded shares of C3.ai to a "strong-buy" rating and set a $40.00 target price for the company in a research report on Wednesday, July 9th. JMP Securities reduced 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 research report on Thursday, September 4th. Finally, Morgan Stanley reduced their target price on shares of C3.ai from $22.00 to $11.00 and set an "underweight" rating for the company in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $22.09.

C3.ai Trading Up 4.2%

C3.ai stock traded up $0.73 during midday trading on Thursday, hitting $17.97. 6,943,656 shares of the stock were exchanged, compared to its average volume of 6,433,714. C3.ai, Inc. has a fifty-two week low of $14.70 and a fifty-two week high of $45.08. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -6.91 and a beta of 1.96. The stock's 50-day simple moving average is $20.76 and its 200 day simple moving average is $22.11.

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 40.69% 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. Equities analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

C3.ai Company 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.