Insider Selling: C3.ai (NYSE:AI) CEO Sells $5,145,990.66 in Stock

Key Points

• C3.ai CEO Thomas Siebel sold 435,363 shares for approximately $5.15 million under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 37.61% to 722,362 shares.
• C3.ai shares fell 2.9% to $11.66, while the company remains unprofitable despite beating quarterly EPS and revenue estimates; revenue declined 25.4% year over year.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and $9.36 target price, although Northland upgraded the stock to “Outperform” with a $16 target based on anticipated growth from its enterprise AI platform.

C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas Siebel sold 435,363 shares of C3.ai stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $11.82, for a total value of $5,145,990.66. Following the sale, the chief executive officer owned 722,362 shares of the company's stock, valued at approximately $8,538,318.84. This trade represents a 37.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

C3.ai Trading Down 2.9%

Shares of AI traded down $0.35 during trading hours on Wednesday, reaching $11.66. 5,324,045 shares of the company traded hands, compared to its average volume of 5,949,054. The stock's fifty day moving average price is $10.58 and its 200 day moving average price is $9.75. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -3.78 and a beta of 2.11. C3.ai, Inc. has a 12-month low of $7.68 and a 12-month high of $19.80.

C3.ai (NYSE:AI - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.06. The company had revenue of $52.38 million for the quarter, compared to the consensus estimate of $52.06 million. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. The firm's revenue was down 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.37) EPS. On average, research analysts forecast that C3.ai, Inc. will post -2.21 earnings per share for the current year.

C3.ai News Summary

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.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup reiterated a "market perform" rating on shares of C3.ai in a report on Thursday, September 3rd. Wall Street Zen upgraded C3.ai from a "sell" rating to a "hold" rating in a report on Sunday. Weiss Ratings raised C3.ai from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $10.00 target price on shares of C3.ai in a research report on Thursday, September 3rd. Finally, UBS Group reiterated an "underperform" rating on shares of C3.ai in a report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $9.36.

Institutional Investors Weigh In On C3.ai

Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in C3.ai by 55.1% during the first quarter. Bank of America Corp DE now owns 3,282,183 shares of the company's stock valued at $27,636,000 after buying an additional 1,166,302 shares during the period. First Trust Advisors LP lifted its stake in shares of C3.ai by 67.3% during the 1st quarter. First Trust Advisors LP now owns 1,215,341 shares of the company's stock worth $10,233,000 after purchasing an additional 488,710 shares during the last quarter. EVR Research LP lifted its position in shares of C3.ai by 223.8% during the fourth quarter. EVR Research LP now owns 600,400 shares of the company's stock valued at $8,093,000 after buying an additional 415,000 shares during the last quarter. Bank of New York Mellon Corp lifted its position in C3.ai by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 690,694 shares of the company's stock valued at $5,816,000 after acquiring an additional 5,631 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of C3.ai by 247.5% during the 1st quarter. Edgestream Partners L.P. now owns 658,573 shares of the company's stock valued at $5,545,000 after purchasing an additional 469,057 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company's stock.

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.