Key Points
- Thomas Siebel sold 392,064 shares of C3.ai on Dec. 16 at an average of $14.37 for about $5.63M, reducing his holding by 26.59% to 1,082,613 shares.
- C3.ai reported Q1 EPS of -$0.25 (beating estimates) but revenue fell 20.3% year‑over‑year to $75.15M and the company remains unprofitable with a net margin of -108.06%.
- Analyst sentiment is weak — the consensus rating is "Reduce" with a $21.92 price target and several recent downgrades/price cuts, while the stock trades near its 52‑week low (opened ~$13.78, 52‑week low $12.59).
C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas Siebel sold 140,768 shares of C3.ai stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $14.22, for a total value of $2,001,720.96. Following the transaction, the chairman directly owned 941,845 shares of the company's stock, valued at $13,393,035.90. The trade was a 13.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
C3.ai Trading Down 1.9%
Shares of C3.ai stock opened at $13.78 on Friday. The company's 50-day moving average price is $15.82 and its 200-day moving average price is $19.58. C3.ai, Inc. has a 12-month low of $12.59 and a 12-month high of $39.64. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -4.87 and a beta of 1.97.
C3.ai (NYSE:AI - Get Free Report) last posted its earnings results on Wednesday, December 3rd. The company reported ($0.25) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.08. C3.ai had a negative net margin of 108.06% and a negative return on equity of 46.51%. The business had revenue of $75.15 million for the quarter, compared to analyst estimates of $74.86 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. C3.ai's revenue was down 20.3% on a year-over-year basis. On average, sell-side analysts predict that C3.ai, Inc. will post -2.44 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. DA Davidson reissued an "underperform" rating and set a $13.00 price objective on shares of C3.ai in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of C3.ai in a report on Wednesday, October 8th. UBS Group boosted their price objective on C3.ai from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $16.00 target price on shares of C3.ai in a research note on Thursday, December 4th. Finally, Morgan Stanley dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $21.92.
Read Our Latest Stock Analysis on C3.ai
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its stake in shares of C3.ai by 22.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 24,607 shares of the company's stock valued at $427,000 after acquiring an additional 4,446 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in C3.ai during the 3rd quarter valued at $227,000. Mayport LLC purchased a new stake in C3.ai during the 3rd quarter valued at $191,000. XTX Topco Ltd purchased a new position in shares of C3.ai in the third quarter valued at about $1,702,000. Finally, Nomura Holdings Inc. raised its stake in shares of C3.ai by 36.1% during the third quarter. Nomura Holdings Inc. now owns 32,943 shares of the company's stock valued at $571,000 after acquiring an additional 8,733 shares during the last quarter. 38.96% of the stock is owned by institutional investors.
About C3.ai
(
Get Free Report)
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.
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