Key Points
- Thomas Siebel, C3.ai's chairman, sold 219,294 shares on March 18 at an average price of $8.67 for $1,901,278.98, reducing his stake by 23.29% to 722,362 shares (≈$6.26M).
- C3.ai recently missed quarterly expectations (EPS -$0.40 vs. -$0.29) with revenue down 46.1% YoY to $53.26M and large negative margins, while analysts maintain a consensus "Reduce" rating amid a market cap of about $1.22B and a 52‑week range of $7.72–$30.24.
C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas Siebel sold 219,294 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $8.67, for a total value of $1,901,278.98. Following the sale, the chairman owned 722,362 shares of the company's stock, valued at approximately $6,262,878.54. This represents a 23.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
C3.ai Stock Up 0.6%
AI stock opened at $8.67 on Friday. The firm has a 50 day moving average of $10.86 and a 200 day moving average of $14.22. The stock has a market capitalization of $1.22 billion, a PE ratio of -2.75 and a beta of 2.05. C3.ai, Inc. has a 52 week low of $7.72 and a 52 week high of $30.24.
C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.11). C3.ai had a negative net margin of 141.35% and a negative return on equity of 55.40%. The firm had revenue of $53.26 million during the quarter, compared to analyst estimates of $75.91 million. The firm's revenue for the quarter was down 46.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. On average, equities research analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current year.
Hedge Funds Weigh In On C3.ai
Several institutional investors have recently made changes to their positions in AI. Dimensional Fund Advisors LP lifted its stake in shares of C3.ai by 77.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,804,188 shares of the company's stock valued at $31,284,000 after purchasing an additional 785,508 shares during the period. Two Sigma Investments LP acquired a new stake in C3.ai during the third quarter valued at $13,379,000. Voloridge Investment Management LLC purchased a new position in C3.ai in the fourth quarter valued at $9,183,000. Federated Hermes Inc. raised its position in shares of C3.ai by 93,578.8% in the fourth quarter. Federated Hermes Inc. now owns 675,424 shares of the company's stock worth $9,105,000 after acquiring an additional 674,703 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of C3.ai by 2,831.4% during the 3rd quarter. Quantbot Technologies LP now owns 554,472 shares of the company's stock worth $9,615,000 after acquiring an additional 535,557 shares in the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Canaccord Genuity Group dropped their price objective on shares of C3.ai from $16.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, February 26th. UBS Group restated a "reduce" rating on shares of C3.ai in a research report on Thursday, February 26th. Bank of America set a $10.00 price target on shares of C3.ai in a report on Friday, January 30th. DA Davidson cut their price target on C3.ai from $13.00 to $7.00 and set an "underperform" rating on the stock in a research report on Thursday, February 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research note on Thursday, December 4th. 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 six have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus 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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