C3.ai (NYSE:AI) CFO Hitesh Lath Sells 20,000 Shares of Company Stock

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 20,000 shares of C3.ai stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $12.37, for a total value of $247,400.00. Following the transaction, the chief financial officer owned 305,250 shares of the company’s stock, valued at $3,775,942.50. The trade was a 6.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hitesh Lath also recently made the following trade(s):

• On Wednesday, September 16th, Hitesh Lath sold 21,077 shares of C3.ai stock. The shares were sold at an average price of $10.48, for a total value of $220,886.96.
• On Tuesday, August 4th, Hitesh Lath sold 20,000 shares of C3.ai stock. The shares were sold at an average price of $10.00, for a total value of $200,000.00.

C3.ai Trading Down 2.9%

Shares of AI traded down $0.35 during mid-day trading on Wednesday, reaching $11.66. The company’s stock had a trading volume of 5,324,045 shares, compared to its average volume of 5,949,054. C3.ai, Inc. has a 1-year low of $7.68 and a 1-year high of $19.80. The business has a 50-day simple moving average of $10.58 and a two-hundred day simple moving average of $9.75. The stock has a market cap of $1.87 billion, a P/E ratio of -3.78 and a beta of 2.11.

C3.ai (NYSE:AI) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. The business had revenue of $52.38 million for the quarter, compared to analyst estimates of $52.06 million. C3.ai had a negative return on equity of 61.25% and a negative net margin of 192.10%. The firm’s revenue was down 25.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.37) EPS. Research analysts anticipate that C3.ai, Inc. will post -2.21 EPS for the current year.

C3.ai News Roundup

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.

Hedge Funds Weigh In On C3.ai

A number of hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new position in C3.ai in the 2nd quarter valued at $106,000. Engineers Gate Manager LP acquired a new position in C3.ai in the second quarter valued at about $2,855,000. Allworth Financial LP lifted its position in C3.ai by 13.6% during the second quarter. Allworth Financial LP now owns 26,660 shares of the company’s stock worth $242,000 after purchasing an additional 3,185 shares during the period. Arizona State Retirement System grew its stake in C3.ai by 3.7% during the second quarter. Arizona State Retirement System now owns 37,168 shares of the company’s stock worth $338,000 after buying an additional 1,310 shares in the last quarter. Finally, Nykredit A S acquired a new stake in C3.ai during the second quarter worth about $84,000. Institutional investors own 38.96% of the company’s stock.

Analyst Ratings Changes

AI has been the subject of several research reports. Citigroup reissued a “market perform” rating on shares of C3.ai in a report on Thursday, September 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a report on Thursday, September 3rd. Wall Street Zen raised C3.ai from a “sell” rating to a “hold” rating in a report on Sunday. Northland Securities set a $16.00 price objective on C3.ai and gave the stock an “outperform” rating in a research report on Monday. Finally, DA Davidson reissued an “underperform” rating and set a $7.00 target price 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 issued a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $9.36.

About C3.ai

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.