C3.ai, Inc. (NYSE:AI - Get Free Report) was the recipient of some unusual options trading on Friday. Investors acquired 233,169 call options on the stock. This is an increase of approximately 134% compared to the typical daily volume of 99,796 call options.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AI. Northland Securities downgraded C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 price target on the stock. in a report on Tuesday, August 12th. Oppenheimer reiterated a "market perform" rating on shares of C3.ai in a report on Tuesday, August 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research report on Thursday, September 4th. Canaccord Genuity Group dropped their target price on C3.ai from $28.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, September 5th. Finally, UBS Group upped their target price on C3.ai from $16.00 to $17.00 and gave the stock a "neutral" rating in a research 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 assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $22.09.
Check Out Our Latest Analysis on AI
Insider Buying and Selling at C3.ai
In other C3.ai news, Chairman Thomas M. Siebel sold 566,125 shares of C3.ai stock in a transaction on Tuesday, September 16th. The stock was 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 $43,249,057.46. The trade was a 18.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Hitesh Lath sold 46,881 shares of C3.ai stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total value of $796,508.19. Following the sale, the chief financial officer directly owned 209,154 shares in the company, valued at $3,553,526.46. The trade was a 18.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,695,772 shares of company stock valued at $54,661,544 in the last quarter. Corporate insiders own 26.50% of the company's stock.
Institutional Investors Weigh In On C3.ai
Large investors have recently bought and sold shares of the business. Vident Advisory LLC boosted its position in C3.ai by 3,935.9% in the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company's stock valued at $11,967,000 after buying an additional 554,406 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of C3.ai by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock valued at $282,228,000 after purchasing an additional 471,521 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of C3.ai by 1,481.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,173 shares of the company's stock valued at $12,338,000 after purchasing an additional 470,422 shares during the period. Federated Hermes Inc. acquired a new stake in C3.ai during the 1st quarter worth $8,206,000. Finally, Nuveen LLC acquired a new stake in C3.ai during the 1st quarter worth $5,529,000. 38.96% of the stock is currently owned by institutional investors.
C3.ai Price Performance
Shares of NYSE AI traded up $0.35 during trading hours on Friday, hitting $18.59. 8,731,059 shares of the company's stock were exchanged, compared to its average volume of 6,538,645. C3.ai has a 1-year low of $14.70 and a 1-year high of $45.08. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -7.16 and a beta of 1.96. The company's 50-day moving average price is $18.61 and its 200-day moving average price is $21.81.
C3.ai (NYSE:AI - Get Free Report) last released 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 business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $104.02 million. C3.ai had a negative return on equity of 40.69% and a negative net margin of 92.08%.The firm's revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. On average, research analysts expect that C3.ai will post -2.44 earnings per share for the current year.
About C3.ai
(
Get Free Report)
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.
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