Stock Traders Purchase Large Volume of Call Options on C3.ai (NYSE:AI)

C3.ai, Inc. (NYSE:AI - Get Free Report) was the target of unusually large options trading on Friday. Stock investors purchased 248,195 call options on the company. Thisisanincreaseofapproximately176% compared to the typical daily volume of 89,880 call options.

C3.ai Stock Down 7.2%

NYSE:AI opened at $15.48 on Friday. The stock has a market cap of $2.08 billion, a P/E ratio of -5.95 and a beta of 1.96. The business's 50-day moving average price is $22.41 and its two-hundred day moving average price is $22.80. C3.ai has a twelve month low of $14.70 and a twelve month high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The firm had revenue of $70.26 million for the quarter, compared to the consensus estimate of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.06%. C3.ai's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. On average, equities research analysts expect that C3.ai will post -2.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John E. Hyten sold 10,000 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $23.75, for a total transaction of $237,500.00. Following the sale, the director owned 63,942 shares of the company's stock, valued at approximately $1,518,622.50. This represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Merel Witteveen sold 5,485 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $23.95, for a total value of $131,365.75. Following the sale, the vice president directly owned 13,740 shares in the company, valued at $329,073. This trade represents a 28.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,162,768 shares of company stock worth $50,525,604. Company insiders own 26.50% of the company's stock.

Hedge Funds Weigh In On C3.ai

Several institutional investors have recently modified their holdings of the company. Bogart Wealth LLC increased its position in shares of C3.ai by 22.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,700 shares of the company's stock valued at $66,000 after purchasing an additional 500 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of C3.ai by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company's stock valued at $138,000 after purchasing an additional 510 shares during the last quarter. ProShare Advisors LLC increased its position in shares of C3.ai by 2.4% during the 2nd quarter. ProShare Advisors LLC now owns 25,548 shares of the company's stock valued at $628,000 after purchasing an additional 593 shares during the last quarter. Optimum Investment Advisors increased its position in shares of C3.ai by 35.6% during the 1st quarter. Optimum Investment Advisors now owns 2,668 shares of the company's stock valued at $56,000 after purchasing an additional 700 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of C3.ai by 5.2% during the 2nd quarter. Moors & Cabot Inc. now owns 14,263 shares of the company's stock valued at $350,000 after purchasing an additional 700 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AI. Piper Sandler dropped their price objective on C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price target on C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Oppenheimer reaffirmed a "market perform" rating on shares of C3.ai in a report on Tuesday, August 12th. JMP Securities lowered their price target on C3.ai from $30.00 to $24.00 and set a "market outperform" rating on the stock in a report on Thursday. Finally, Northland Securities cut 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, C3.ai currently has an average rating of "Reduce" and an average target price of $24.09.

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.

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