Key Points
- CEO Thomas Siebel sold 16,890 C3.ai shares at an average price of $10.30, generating $173,967 to cover tax withholding on vested equity awards. He retained 738,208 shares.
- C3.ai reported a quarterly loss of $0.20 per share, better than the expected $0.26 loss, while revenue of $52.38 million slightly exceeded estimates. Revenue declined 25.4% year over year, but bookings rose 73% sequentially and free cash flow turned positive.
- Analyst sentiment remains cautious: C3.ai has a consensus “Reduce” rating and an average price target of $8.70, despite some investors citing improving bookings, liquidity and turnaround prospects.
C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas Siebel sold 16,890 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $10.30, for a total transaction of $173,967.00. Following the completion of the sale, the chief executive officer owned 738,208 shares of the company's stock, valued at $7,603,542.40. This trade represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
C3.ai Trading Up 4.0%
Shares of AI opened at $10.94 on Friday. The firm's 50-day moving average is $9.52 and its two-hundred day moving average is $9.43. C3.ai, Inc. has a twelve month low of $7.68 and a twelve month high of $20.22. The firm has a market capitalization of $1.70 billion, a P/E ratio of -3.55 and a beta of 2.10.
C3.ai (NYSE:AI - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.06. C3.ai had a negative net margin of 192.10% and a negative return on equity of 60.82%. The company had revenue of $52.38 million during the quarter, compared to analysts' expectations of $52.06 million. During the same period last year, the company posted ($0.37) earnings per share. The firm's quarterly revenue was down 25.4% compared to the same quarter last year. Analysts predict that C3.ai, Inc. will post -2.28 EPS for the current year.
Key C3.ai News
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: C3.ai reported a quarterly loss of $0.20 per share, better than the expected $0.26 loss, while revenue of $52.4 million slightly exceeded estimates. The company also said bookings increased 73% sequentially, suggesting early benefits from its sales-force restructuring and product refocus. C3.ai Bookings Jumped 73% and Free Cash Flow Turned Positive
- Positive Sentiment: Free cash flow turned positive, and C3.ai ended the period with approximately $650 million in cash. Supporters view the liquidity as providing runway to execute CEO Thomas Siebel’s turnaround plan and pursue federal-sector opportunities. C3 AI Q1 Fiscal 2027 Bookings Jump 73% as Free Cash Flow Turns Positive
- Positive Sentiment: Seeking Alpha upgraded C3.ai to Buy, citing stronger bookings, renewed customer momentum and the founder’s return to leadership as early signs that the turnaround may be gaining traction. C3.ai: Early Turnaround Signals Are Here
Analysts Set New Price Targets
AI has been the subject of several research reports. Wedbush reaffirmed an "outperform" rating and set a $15.00 price objective on shares of C3.ai in a report on Thursday, June 4th. Citizens Jmp reiterated a "market perform" rating on shares of C3.ai in a research report on Thursday. Citigroup reissued a "market perform" rating on shares of C3.ai in a report on Thursday. DA Davidson restated an "underperform" rating and issued a $7.00 price target on shares of C3.ai in a research report on Tuesday. Finally, UBS Group reaffirmed an "underperform" rating on shares of C3.ai in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, C3.ai has a consensus rating of "Reduce" and an average target price of $8.70.
Read Our Latest Analysis on AI
Institutional Trading of C3.ai
Large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its position in shares of C3.ai by 684.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,325,022 shares of the company's stock worth $12,044,000 after purchasing an additional 1,156,079 shares during the last quarter. AXQ Capital LP lifted its stake in C3.ai by 53.6% in the 2nd quarter. AXQ Capital LP now owns 136,155 shares of the company's stock valued at $1,238,000 after buying an additional 47,494 shares in the last quarter. Nykredit A S acquired a new stake in C3.ai during the 2nd quarter valued at $84,000. Headlands Technologies LLC acquired a new stake in C3.ai during the 2nd quarter valued at $290,000. Finally, Handelsbanken Fonder AB grew its holdings in C3.ai by 31.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 41,500 shares of the company's stock valued at $377,000 after buying an additional 9,900 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
