C3.ai (NYSE:AI) Stock: Insider Hitesh Lath Sells 20,000 Shares

Key Points

• CFO Hitesh Lath sold 20,000 C3.ai shares at an average price of $12.37, generating $247,400. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 6.15%.
• C3.ai shares fell 2.9% to $11.66 during mid-day trading. The company remains unprofitable, reporting a quarterly loss of $0.20 per share and revenue of $52.38 million, down 25.4% year over year.
• Analyst sentiment remains cautious, with an average “Reduce” rating and $9.36 price target, although Northland Securities upgraded the stock to “Outperform” and raised its target to $16.

C3.ai, Inc. (NYSE:AI - Get Free Report) CFO Hitesh Lath sold 20,000 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $12.37, for a total value of $247,400.00. Following the completion of the sale, the chief financial officer directly owned 305,250 shares of the company's stock, valued at approximately $3,775,942.50. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Hitesh Lath sold 21,077 shares of C3.ai stock. The stock was sold at an average price of $10.48, for a total value of $220,886.96.
• On Tuesday, August 4th, Hitesh Lath sold 20,000 shares of C3.ai stock. The stock was sold at an average price of $10.00, for a total value of $200,000.00.

C3.ai Stock Down 2.9%

Shares of AI traded down $0.35 during mid-day trading on Wednesday, hitting $11.66. The stock had a trading volume of 5,324,045 shares, compared to its average volume of 5,949,054. The company has a market cap of $1.87 billion, a PE ratio of -3.78 and a beta of 2.11. The company's fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $9.75. C3.ai, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $19.80.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.06. The business had revenue of $52.38 million during the quarter, compared to the consensus estimate of $52.06 million. C3.ai had a negative return on equity of 61.25% and a negative net margin of 192.10%. The business's quarterly revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.37) EPS. Equities analysts expect that C3.ai, Inc. will post -2.21 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new position in C3.ai in the second quarter valued at $106,000. Engineers Gate Manager LP acquired a new stake in C3.ai in the second quarter valued at $2,855,000. Allworth Financial LP lifted its stake in C3.ai by 13.6% in the second quarter. Allworth Financial LP now owns 26,660 shares of the company's stock valued at $242,000 after acquiring an additional 3,185 shares during the last quarter. Arizona State Retirement System lifted its stake in C3.ai by 3.7% in the second quarter. Arizona State Retirement System now owns 37,168 shares of the company's stock valued at $338,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of C3.ai in the 2nd quarter valued at about $84,000. Institutional investors own 38.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of C3.ai from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 4th. UBS Group reaffirmed an "underperform" rating on shares of C3.ai in a research report on Tuesday, September 1st. Citizens Jmp restated a "market perform" rating on shares of C3.ai in a report on Tuesday, September 29th. Wall Street Zen upgraded shares of C3.ai from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Northland Securities set a $16.00 price target on C3.ai and gave the company an "outperform" rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $9.36.

C3.ai News Roundup

Here are the key news stories impacting C3.ai this week:

• Positive Sentiment: Northland Securities upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10, implying approximately 37% upside from the referenced share price. The firm described the enterprise AI platform as a potential “new growth engine” and cited easier year-over-year comparisons. C3.ai rallies after Northland upgrades stock on enterprise AI platform launch
• Positive Sentiment: Northland’s FY2028 forecast calls for a narrower loss of $1.85 per share, compared with the current fiscal-year consensus loss of $2.21, suggesting analysts expect gradual improvement over time.
• Neutral Sentiment: Northland estimates losses of $0.51 per share in Q1 2028, $0.48 in Q2, $0.44 in Q3 and $0.42 in Q4. The estimates reinforce that C3.ai remains unprofitable, despite the expected improvement.
• Neutral Sentiment: C3.ai has attracted elevated attention from Zacks users, which may increase trading interest and volatility but does not by itself indicate improving fundamentals. C3.ai is Attracting Investor Attention
• Negative Sentiment: The company’s investment case still depends on converting its AI platform launch into sustained revenue growth and reduced losses; Northland’s forecasts show profitability is not expected in the near term.

C3.ai Company Profile

C3.ai, Inc is an enterprise artificial intelligence software company that develops applications and tools designed to help organizations use AI and machine learning to analyze data, automate processes and support business decision-making. The company's offerings are intended for large commercial enterprises, government agencies and other organizations managing complex operational and data environments.

Its product portfolio includes the C3 AI Platform, which provides capabilities for developing, deploying and operating AI applications, as well as prebuilt enterprise applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.