C3.ai (NYSE:AI) Chairman Sells $476,528.50 in Stock

C3.ai, Inc. (NYSE:AI) Chairman Thomas Siebel sold 27,545 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $17.30, for a total value of $476,528.50. Following the completion of the sale, the chairman owned 25,580 shares of the company’s stock, valued at approximately $442,534. This trade represents a 51.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

C3.ai Price Performance

C3.ai stock traded down $1.33 during midday trading on Tuesday, reaching $15.82. The company’s stock had a trading volume of 6,834,520 shares, compared to its average volume of 6,581,558. The stock’s 50-day simple moving average is $17.59 and its 200-day simple moving average is $21.39. C3.ai, Inc. has a 52-week low of $14.70 and a 52-week high of $45.08. The stock has a market capitalization of $2.18 billion, a P/E ratio of -6.08 and a beta of 1.96.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The firm had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $104.02 million. C3.ai had a negative return on equity of 40.69% and a negative net margin of 92.08%.The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. As a group, equities research analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Institutional Trading of C3.ai

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of C3.ai by 3.6% during the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock worth $282,228,000 after buying an additional 471,521 shares in the last quarter. State Street Corp raised its holdings in C3.ai by 4.3% in the second quarter. State Street Corp now owns 2,826,249 shares of the company’s stock worth $69,441,000 after purchasing an additional 116,611 shares during the period. Geode Capital Management LLC raised its holdings in shares of C3.ai by 5.9% during the second quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company’s stock worth $69,129,000 after acquiring an additional 156,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of C3.ai by 2.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,214,190 shares of the company’s stock worth $54,401,000 after acquiring an additional 56,887 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of C3.ai by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 719,259 shares of the company’s stock valued at $15,140,000 after acquiring an additional 23,366 shares during the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AI has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, September 4th. Northland Securities downgraded C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, August 12th. DA Davidson reaffirmed an “underperform” rating and issued a $13.00 price target (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. Morgan Stanley lowered their target price on C3.ai from $22.00 to $11.00 and set an “underweight” rating for the company in a research note on Tuesday, September 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of C3.ai in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, C3.ai presently has an average rating of “Reduce” and an average target price of $22.09.

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.