Key Points
- Thomas Siebel, C3.ai's chairman, sold 23,435 shares on March 12 at an average price of $9.11 (≈$213,493), reducing his position by 3.05% to 743,693 shares (≈$6.78M).
- The company reported a weak quarter — revenue $53.26M vs. $75.91M expected and EPS of -$0.40 vs. -$0.29 expected, with revenue down 46.1% year-over-year and negative net margin and return on equity.
- Several analysts have cut price targets (many to roughly $6–$7) and the consensus rating is 'Reduce'; shares trade near $8.91 with a market cap of about $1.25B and a 12‑month low of $7.72.
C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas Siebel sold 23,435 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $9.11, for a total value of $213,492.85. Following the transaction, the chairman owned 743,693 shares of the company's stock, valued at approximately $6,775,043.23. The trade was a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
C3.ai Trading Up 0.4%
NYSE:AI opened at $8.91 on Friday. The business's 50-day moving average is $11.27 and its 200 day moving average is $14.45. C3.ai, Inc. has a 12 month low of $7.72 and a 12 month high of $30.24. The company has a market capitalization of $1.25 billion, a P/E ratio of -2.83 and a beta of 2.05.
C3.ai (NYSE:AI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.11). C3.ai had a negative net margin of 141.35% and a negative return on equity of 53.96%. The firm had revenue of $53.26 million for the quarter, compared to analysts' expectations of $75.91 million. During the same quarter in the prior year, the business earned ($0.12) EPS. The business's quarterly revenue was down 46.1% compared to the same quarter last year. On average, research analysts forecast that C3.ai, Inc. will post -2.44 earnings per share for the current year.
Hedge Funds Weigh In On C3.ai
A number of large investors have recently made changes to their positions in AI. Geode Capital Management LLC lifted its stake in C3.ai by 5.9% in the second quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company's stock worth $69,129,000 after purchasing an additional 156,925 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of C3.ai by 2,831.4% during the third quarter. Quantbot Technologies LP now owns 554,472 shares of the company's stock valued at $9,615,000 after buying an additional 535,557 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of C3.ai during the second quarter valued at approximately $556,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of C3.ai in the second quarter worth approximately $1,063,000. Finally, SG Americas Securities LLC lifted its stake in shares of C3.ai by 1,149.9% during the 3rd quarter. SG Americas Securities LLC now owns 178,846 shares of the company's stock worth $3,101,000 after acquiring an additional 164,537 shares during the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. DA Davidson lowered their price objective on shares of C3.ai from $13.00 to $7.00 and set an "underperform" rating for the company in a research report on Thursday, February 26th. Canaccord Genuity Group lowered their price target on shares of C3.ai from $16.00 to $7.00 and set a "hold" rating for the company in a report on Thursday, February 26th. BMO Capital Markets set a $7.00 price target on C3.ai in a research report on Thursday, February 26th. KeyCorp reduced their price objective on C3.ai from $10.00 to $6.00 and set an "underweight" rating on the stock in a research note on Thursday, February 26th. Finally, Bank of America set a $10.00 price objective on C3.ai in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $15.87.
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About C3.ai
(
Get Free Report)
C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company's core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.
The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.
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