C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas Siebel sold 23,570 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $10.92, for a total transaction of $257,384.40. Following the transaction, the chief executive officer owned 743,559 shares in the company, valued at $8,119,664.28. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
C3.ai Stock Up 1.1%
C3.ai stock opened at $11.02 on Tuesday. C3.ai, Inc. has a 12-month low of $7.68 and a 12-month high of $30.11. The firm's fifty day moving average is $9.51 and its 200 day moving average is $11.00. The company has a market capitalization of $1.60 billion, a PE ratio of -3.30 and a beta of 2.04.
C3.ai (NYSE:AI - Get Free Report) last released its earnings results on Wednesday, June 3rd. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.38) by $0.05. C3.ai had a negative net margin of 187.95% and a negative return on equity of 60.20%. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.60 million. During the same quarter in the previous year, the company earned ($0.16) EPS. C3.ai's quarterly revenue was down 52.5% compared to the same quarter last year. Sell-side analysts expect that C3.ai, Inc. will post -2.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in C3.ai by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,469,953 shares of the company's stock worth $195,055,000 after buying an additional 108,011 shares during the last quarter. Morgan Stanley raised its holdings in C3.ai by 1.9% during the fourth quarter. Morgan Stanley now owns 4,824,499 shares of the company's stock worth $65,034,000 after buying an additional 91,802 shares during the last quarter. Bank of America Corp DE raised its holdings in C3.ai by 55.1% during the first quarter. Bank of America Corp DE now owns 3,282,183 shares of the company's stock worth $27,636,000 after buying an additional 1,166,302 shares during the last quarter. State Street Corp grew its stake in shares of C3.ai by 3.3% in the 4th quarter. State Street Corp now owns 2,976,389 shares of the company's stock worth $40,122,000 after acquiring an additional 94,086 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of C3.ai by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,868,578 shares of the company's stock worth $38,675,000 after acquiring an additional 21,451 shares in the last quarter. Institutional investors and hedge funds own 38.96% of the company's stock.
Key Stories Impacting C3.ai
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: Investor commentary highlighted C3.ai as a Q1 earnings outperformer within data infrastructure stocks, reinforcing the view that the company can stand out relative to peers when results show improvement. Q1 Earnings Outperformers: C3.ai (NYSE:AI) And The Rest Of The Data Infrastructure Stocks
- Neutral Sentiment: Several articles discussed broader AI adoption trends, including research showing companies need stronger data foundations to capture AI ROI and reports that AI is boosting spending across retail and other industries. These stories support the long-term AI narrative, but they do not directly change C3.ai’s fundamentals. Boomi Study Finds APAC Organisations Risking AI ROI Without Strong Data Foundations AI-referred US shoppers browse longer, spend more per visit, data shows
- Neutral Sentiment: Other AI-related headlines, such as funding for AI-driven drug discovery, food-tech investment, and an accounting foundation recognizing AI adoption, point to continued sector momentum but have little direct impact on C3.ai’s stock.
- Negative Sentiment: There was also a more cautious industry note about AI deepfakes and misinformation risks, which can add to regulatory and reputational concerns around the AI sector broadly. AI Deepfakes Are Getting Weirder and Harder to Spot in the Midterms
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research report on Thursday, June 4th. Wolfe Research reiterated an "underperform" rating and set a $6.00 target price on shares of C3.ai in a research report on Thursday, February 26th. UBS Group boosted their target price on shares of C3.ai from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, June 4th. Canaccord Genuity Group upped their price objective on shares of C3.ai from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of C3.ai from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $12.92.
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About C3.ai
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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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