Hitesh Lath Sells 46,881 Shares of C3.ai (NYSE:AI) Stock

Key Points

• C3.ai CFO Hitesh Lath sold 46,881 shares of the company's stock at an average price of $16.99, totaling approximately $796,508.19, which represents an 18.31% decrease in his position.
• The company reported a quarterly loss of ($0.86) earnings per share, significantly missing analysts' estimates, with revenue down 19.4% year-over-year.
• C3.ai's stock has recently been affected by price target reductions from analysts, with targets ranging from $10.00 to $28.00 and a consensus rating of "Reduce."

C3.ai, Inc. (NYSE:AI - Get Free Report) CFO Hitesh Lath sold 46,881 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was 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 owned 209,154 shares of the company's stock, valued at $3,553,526.46. This trade represents a 18.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hitesh Lath also recently made the following trade(s):

• On Friday, June 27th, Hitesh Lath sold 17,689 shares of C3.ai stock. The stock was sold at an average price of $24.96, for a total transaction of $441,517.44.

C3.ai Price Performance

Shares of NYSE AI traded down $0.12 on Friday, hitting $17.90. The company's stock had a trading volume of 11,174,657 shares, compared to its average volume of 9,364,790. C3.ai, Inc. has a 12-month low of $14.70 and a 12-month high of $45.08. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -6.88 and a beta of 1.96. The stock has a 50 day moving average of $20.42 and a 200-day moving average of $22.05.

C3.ai (NYSE:AI - Get Free Report) last issued 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 firm 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 quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Sell-side analysts expect that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Hedge Funds Weigh In On C3.ai

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AI. Silicon Valley Capital Partners acquired a new position in C3.ai during the second quarter valued at approximately $25,000. Garde Capital Inc. acquired a new position in C3.ai during the first quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new position in C3.ai during the fourth quarter valued at approximately $34,000. CX Institutional acquired a new position in C3.ai during the first quarter valued at approximately $34,000. Finally, Raiffeisen Bank International AG acquired a new position in C3.ai during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 38.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AI shares. Northland Capmk downgraded shares of C3.ai from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. DA Davidson reissued an "underperform" rating and set a $13.00 target price (down from $25.00) on shares of C3.ai in a research report on Monday, August 11th. 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 research report on Friday, September 5th. Wall Street Zen cut shares of C3.ai from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, UBS Group upped their price target on shares of C3.ai from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, C3.ai presently has a consensus rating of "Reduce" and a consensus target price of $22.09.

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.