Insider Selling: C3.ai (NYSE:AI) Chairman Sells 566,125 Shares of Stock

C3.ai, Inc. (NYSE:AI) Chairman Thomas Siebel sold 566,125 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $17.23, for a total transaction of $9,754,333.75. Following the completion of the sale, the chairman owned 2,510,102 shares in the company, valued at approximately $43,249,057.46. This trade represents a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

C3.ai Stock Performance

AI opened at $18.04 on Friday. The firm’s fifty day moving average is $20.59 and its two-hundred day moving average is $22.08. The firm has a market cap of $2.42 billion, a PE ratio of -6.94 and a beta of 1.96. C3.ai, Inc. has a twelve month low of $14.70 and a twelve month high of $45.08.

C3.ai (NYSE:AI) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Equities analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AI shares. UBS Group increased their target price on shares of C3.ai from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, September 12th. Oppenheimer restated a “market perform” rating on shares of C3.ai in a report on Tuesday, August 12th. DA Davidson restated an “underperform” rating and set a $13.00 price objective (down from $25.00) on shares of C3.ai in a report on Monday, August 11th. Canaccord Genuity Group dropped their price objective on shares of C3.ai from $28.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of C3.ai from $27.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, May 29th. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $22.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AI. Ameriprise Financial Inc. grew its position in C3.ai by 26.5% in the fourth quarter. Ameriprise Financial Inc. now owns 59,645 shares of the company’s stock valued at $2,054,000 after purchasing an additional 12,504 shares in the last quarter. Gotham Asset Management LLC bought a new position in C3.ai in the fourth quarter valued at $329,000. Lazard Asset Management LLC bought a new position in C3.ai in the fourth quarter valued at $94,000. Nuveen Asset Management LLC grew its position in C3.ai by 24.1% in the fourth quarter. Nuveen Asset Management LLC now owns 280,688 shares of the company’s stock valued at $9,664,000 after purchasing an additional 54,490 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in C3.ai in the fourth quarter valued at $304,000. Institutional investors own 38.96% of the company’s stock.

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.