Key Points
- CEO Thomas Siebel sold 435,363 C3.ai shares for approximately $5.15 million at an average price of $11.82, reducing his direct ownership by 37.61%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
- C3.ai reported a quarterly loss of $0.20 per share, beating estimates of $0.26, while revenue of $52.38 million slightly exceeded expectations. However, revenue declined 25.4% year over year, and the company remains deeply unprofitable.
- Analyst sentiment remains cautious, with an average “Reduce” rating and a consensus price target of $9.36, despite Northland Securities upgrading the stock to “Outperform” with a $16 target based on its enterprise AI platform launch.
C3.ai, Inc. (NYSE:AI - Get Free Report) CFO Hitesh Lath sold 20,000 shares of C3.ai stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $12.37, for a total value of $247,400.00. Following the completion of the transaction, the chief financial officer owned 305,250 shares of the company's stock, valued at approximately $3,775,942.50. This represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hitesh Lath also recently made the following trade(s):
- On Wednesday, September 16th, Hitesh Lath sold 21,077 shares of C3.ai stock. The stock was sold at an average price of $10.48, for a total value of $220,886.96.
- On Tuesday, August 4th, Hitesh Lath sold 20,000 shares of C3.ai stock. The shares were sold at an average price of $10.00, for a total value of $200,000.00.
C3.ai Stock Down 2.9%
NYSE:AI opened at $11.66 on Thursday. C3.ai, Inc. has a 1 year low of $7.68 and a 1 year high of $19.80. The business has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $9.77.
C3.ai (NYSE:AI - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.06. The firm had revenue of $52.38 million during the quarter, compared to analysts' expectations of $52.06 million. C3.ai had a negative return on equity of 61.25% and a negative net margin of 192.10%. The company's quarterly revenue was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.37) EPS. Research analysts anticipate that C3.ai, Inc. will post -2.21 EPS for the current fiscal year.
Key Headlines Impacting C3.ai
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: Northland Securities upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10, implying meaningful upside. The firm expects fiscal 2028 losses to narrow to $1.85 per share, with quarterly losses ranging from $0.51 to $0.42 per share. The upgrade cited the company’s enterprise AI platform launch. C3.ai rallies after Northland upgrades stock on enterprise AI platform launch
- Neutral Sentiment: C3.ai has attracted increased attention from Zacks users, which may support trading activity but does not by itself indicate improving fundamentals. C3.ai is Attracting Investor Attention
- Negative Sentiment: CEO Thomas Siebel sold 435,363 shares worth approximately $5.15 million, reducing his direct ownership by 37.61%. Although the sale was executed under a pre-arranged Rule 10b5-1 plan, its size can concern investors because it represents substantial insider selling. SEC filing for Thomas Siebel stock sale
- Negative Sentiment: CFO Hitesh Lath sold 20,000 shares for approximately $247,400, cutting his ownership by 6.15%. The transaction also occurred under a 10b5-1 plan, but combined executive selling adds near-term supply and may weigh on sentiment. SEC filing for Hitesh Lath stock sale
- Negative Sentiment: Despite the upgrade, Northland’s forecasts still call for significant losses across fiscal 2028, highlighting that C3.ai remains unprofitable and dependent on successful execution of its enterprise AI strategy.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of AI. Sequoia Financial Advisors LLC purchased a new stake in shares of C3.ai in the second quarter worth approximately $106,000. Engineers Gate Manager LP bought a new stake in shares of C3.ai during the 2nd quarter worth approximately $2,855,000. Allworth Financial LP grew its position in C3.ai by 13.6% in the 2nd quarter. Allworth Financial LP now owns 26,660 shares of the company's stock valued at $242,000 after acquiring an additional 3,185 shares during the last quarter. Arizona State Retirement System grew its position in C3.ai by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 37,168 shares of the company's stock valued at $338,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Nykredit A S bought a new position in C3.ai in the 2nd quarter valued at $84,000. Institutional investors own 38.96% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on AI shares. UBS Group restated an "underperform" rating on shares of C3.ai in a research report on Tuesday, September 1st. DA Davidson reiterated an "underperform" rating and set a $7.00 price objective on shares of C3.ai in a research report on Tuesday, September 1st. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research report on Thursday, September 3rd. Canaccord Genuity Group reissued a "hold" rating and issued a $10.00 target price on shares of C3.ai in a research note on Thursday, September 3rd. Finally, Weiss Ratings upgraded shares of C3.ai from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $9.36.
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About C3.ai
(
Get Free Report)
C3.ai, Inc is an enterprise artificial intelligence software company that develops applications and tools designed to help organizations use AI and machine learning to analyze data, automate processes and support business decision-making. The company's offerings are intended for large commercial enterprises, government agencies and other organizations managing complex operational and data environments.
Its product portfolio includes the C3 AI Platform, which provides capabilities for developing, deploying and operating AI applications, as well as prebuilt enterprise applications.
Further Reading
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