Investors Buy Large Volume of C3.ai Call Options (NYSE:AI)

Key Points

• Investors purchased 153,953 call options for C3.ai, marking a 78% increase from the average trading volume.
• C3.ai's stock currently has a consensus rating of "Reduce" with an average price target of $27.43, while various analysts have mixed ratings from "Strong Buy" to "Sell."
• After its recent earnings report, C3.ai reported a 25.5% increase in revenue compared to the previous year, despite negative earnings per share of ($0.16).

C3.ai, Inc. (NYSE:AI - Get Free Report) was the recipient of some unusual options trading on Thursday. Investors acquired 153,953 call options on the stock. Thisisanincreaseof78% compared to the typical volume of 86,672 call options.

C3.ai Price Performance

C3.ai stock traded down $0.0890 during trading hours on Thursday, hitting $16.8510. The company had a trading volume of 4,253,214 shares, compared to its average volume of 11,990,530. The firm has a market capitalization of $2.26 billion, a P/E ratio of -7.52 and a beta of 1.98. The firm's fifty day moving average is $23.84 and its 200-day moving average is $23.92. C3.ai has a fifty-two week low of $14.70 and a fifty-two week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.04. The company had revenue of $108.72 million for the quarter, compared to analyst estimates of $107.85 million. C3.ai had a negative net margin of 74.21% and a negative return on equity of 33.51%. C3.ai's quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) EPS. C3.ai has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts anticipate that C3.ai will post -2.44 earnings per share for the current year.

Insider Transactions at C3.ai

In related news, CFO Hitesh Lath sold 17,689 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $24.96, for a total value of $441,517.44. Following the completion of the sale, the chief financial officer directly owned 166,218 shares of the company's stock, valued at $4,148,801.28. The trade was a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas M. Siebel sold 577,678 shares of C3.ai stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $16.78, for a total transaction of $9,693,436.84. Following the completion of the transaction, the chief executive officer directly owned 2,973,572 shares of the company's stock, valued at $49,896,538.16. This trade represents a 16.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,257,074 shares of company stock valued at $53,260,950 in the last three months. Corporate insiders own 33.54% of the company's stock.

Institutional Trading of C3.ai

A number of hedge funds have recently bought and sold shares of AI. Russell Investments Group Ltd. increased its position in C3.ai by 100.7% in the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock valued at $31,000 after acquiring an additional 456 shares in the last quarter. Bogart Wealth LLC increased its position in C3.ai by 22.7% in the 2nd quarter. Bogart Wealth LLC now owns 2,700 shares of the company's stock valued at $66,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. increased its position in C3.ai by 8.4% in the 1st 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. ProShare Advisors LLC increased its position in C3.ai by 2.4% in the 2nd quarter. ProShare Advisors LLC now owns 25,548 shares of the company's stock valued at $628,000 after acquiring an additional 593 shares in the last quarter. Finally, Optimum Investment Advisors increased its position in C3.ai by 35.6% in the 1st 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. 38.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AI shares. Wall Street Zen lowered shares of C3.ai from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. DA Davidson reaffirmed an "underperform" rating and issued a $13.00 price target (down from $25.00) on shares of C3.ai in a research note on Monday, August 11th. JPMorgan Chase & Co. reduced their price target on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. KeyCorp reaffirmed a "mixed" rating on shares of C3.ai in a research note on Thursday, May 29th. Finally, UBS Group reduced their price target on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $27.43.

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.