C3.ai (NYSE:AI) Shares Gap Down – Here’s What Happened

C3.ai, Inc. (NYSE:AI)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $16.08, but opened at $15.50. C3.ai shares last traded at $15.0380, with a volume of 2,353,778 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AI shares. Oppenheimer reiterated a “market perform” rating on shares of C3.ai in a research report on Tuesday, August 12th. Morgan Stanley lowered their price objective on shares of C3.ai from $22.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, September 9th. Northland Securities lowered shares of C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 target price on the stock. in a research report on Tuesday, August 12th. Canaccord Genuity Group lowered their price target on shares of C3.ai from $28.00 to $16.00 and set a “hold” rating for the company in a report on Friday, September 5th. Finally, Northland Capmk cut C3.ai from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $22.09.

C3.ai Stock Down 5.1%

The stock has a 50 day moving average of $17.48 and a 200 day moving average of $21.26. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -5.84 and a beta of 1.96.

C3.ai (NYSE:AI) last released its earnings results 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). 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 analyst estimates of $104.02 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. C3.ai’s quarterly revenue was down 19.4% on a year-over-year basis. C3.ai has set its Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Insider Activity at C3.ai

In related news, Chairman Thomas M. Siebel sold 566,125 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $17.23, for a total value of $9,754,333.75. Following the completion of the sale, the chairman directly 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 filing with the SEC, which is available at the SEC website. Also, EVP Robert David Schilling sold 470,420 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $17.29, for a total value of $8,133,561.80. Following the transaction, the executive vice president directly owned 1,011,327 shares in the company, valued at approximately $17,485,843.83. This trade represents a 31.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,774,973 shares of company stock worth $31,388,294 in the last quarter. Company insiders own 26.50% of the company’s stock.

Institutional Investors Weigh In On C3.ai

Hedge funds and other institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in shares of C3.ai by 58.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,350 shares of the company’s stock worth $41,000 after purchasing an additional 863 shares in the last quarter. Citigroup Inc. raised its holdings in C3.ai by 22.3% during the third quarter. Citigroup Inc. now owns 239,706 shares of the company’s stock worth $4,157,000 after buying an additional 43,747 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of C3.ai in the third quarter valued at $193,000. Axxcess Wealth Management LLC increased its position in shares of C3.ai by 48.1% during the third quarter. Axxcess Wealth Management LLC now owns 40,000 shares of the company’s stock worth $694,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of C3.ai during the third quarter worth about $195,000. Institutional investors own 38.96% of the company’s stock.

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.