Thomas M. Siebel Sells 566,125 Shares of C3.ai (NYSE:AI) Stock

Key Points

• Thomas Siebel, Chairman of C3.ai, sold 566,125 shares of the company's stock for approximately $9.75 million, reducing his ownership by 18.40%.
• C3.ai reported a negative earnings per share (EPS) of ($0.86), significantly missing analysts' expectations and showing a 19.4% year-over-year revenue decline.
• Analysts have mixed views on C3.ai, with price targets ranging from $11.00 to $40.00 and an average rating of "Reduce" based on current market performance.

C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas M. Siebel sold 566,125 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $17.23, for a total transaction of $9,754,333.75. Following the completion of the transaction, the chairman directly owned 2,510,102 shares of the company's stock, valued at approximately $43,249,057.46. This trade represents a 18.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

C3.ai Trading Down 0.7%

Shares of AI traded down $0.12 during midday trading on Friday, reaching $17.90. The stock had a trading volume of 11,174,657 shares, compared to its average volume of 9,364,790. The firm has a 50 day simple moving average of $20.42 and a 200-day simple moving average of $22.05. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08. The firm has a market cap of $2.47 billion, a PE ratio of -6.88 and a beta of 1.96.

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 analysts' consensus estimates of ($0.21) by ($0.65). C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The firm had revenue of $70.26 million during the quarter, compared to the consensus estimate of $104.02 million. During the same period last year, the business earned ($0.05) EPS. The business's revenue was down 19.4% on a year-over-year basis. C3.ai has set its Q2 2026 guidance at EPS. As a group, research analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AI. Westpark Capital raised shares of C3.ai to a "strong-buy" rating and set a $40.00 price objective for the company in a research report on Wednesday, July 9th. Canaccord Genuity Group decreased their price objective on shares of C3.ai from $28.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, September 5th. Oppenheimer reaffirmed a "market perform" rating on shares of C3.ai in a report on Tuesday, August 12th. UBS Group upped their price target on shares of C3.ai from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, September 12th. Finally, DA Davidson restated an "underperform" rating and set a $13.00 price objective (down from $25.00) on shares of C3.ai in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $22.09.

Hedge Funds Weigh In On C3.ai

Hedge funds and other institutional investors have recently made changes to their positions in the company. Silicon Valley Capital Partners bought a new stake in shares of C3.ai during the 2nd quarter valued at approximately $25,000. Garde Capital Inc. bought a new stake in shares of C3.ai during the 1st quarter valued at approximately $29,000. Orion Capital Management LLC bought a new stake in shares of C3.ai during the 4th quarter valued at approximately $34,000. CX Institutional bought a new stake in shares of C3.ai during the 1st quarter valued at approximately $34,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of C3.ai during the 4th quarter valued at approximately $36,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

About C3.ai

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.