State of New Jersey Common Pension Fund D Purchases 10,894 Shares of C3.ai, Inc. $AI

State of New Jersey Common Pension Fund D grew its position in shares of C3.ai, Inc. (NYSE:AI) by 15.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 82,862 shares of the company’s stock after buying an additional 10,894 shares during the period. State of New Jersey Common Pension Fund D’s holdings in C3.ai were worth $2,036,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in C3.ai by 3.6% during the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock worth $282,228,000 after buying an additional 471,521 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in C3.ai by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,157,303 shares of the company’s stock worth $45,414,000 after buying an additional 91,923 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in C3.ai by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 719,259 shares of the company’s stock worth $15,140,000 after buying an additional 23,366 shares in the last quarter. Vident Advisory LLC grew its holdings in C3.ai by 3,935.9% during the first quarter. Vident Advisory LLC now owns 568,492 shares of the company’s stock worth $11,967,000 after buying an additional 554,406 shares in the last quarter. Finally, Federated Hermes Inc. bought a new stake in C3.ai during the first quarter worth $8,206,000. Institutional investors own 38.96% of the company’s stock.

Insider Activity

In other news, CEO Thomas M. Siebel sold 577,678 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $16.78, for a total transaction of $9,693,436.84. Following the transaction, the chief executive officer owned 2,973,572 shares of the company’s stock, valued at $49,896,538.16. This represents a 16.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert David Schilling sold 470,420 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $17.29, for a total value of $8,133,561.80. Following the transaction, the executive vice president directly owned 1,011,327 shares in the company, valued at $17,485,843.83. This represents a 31.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,661,106 shares of company stock valued at $48,255,922 in the last 90 days. Insiders own 26.50% of the company’s stock.

C3.ai Price Performance

NYSE AI opened at $17.54 on Thursday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -6.75 and a beta of 1.96. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08. The business’s fifty day moving average is $17.60 and its 200-day moving average is $21.45.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.65). C3.ai had a negative return on equity of 40.69% and a negative net margin of 92.08%.The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $104.02 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. C3.ai has set its Q2 2026 guidance at EPS. Research analysts expect that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AI has been the subject of several recent research reports. Canaccord Genuity Group decreased their price target on C3.ai from $28.00 to $16.00 and set a “hold” rating for the company in a report on Friday, September 5th. Northland Securities downgraded C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a report on Tuesday, August 12th. DA Davidson reiterated an “underperform” rating and set a $13.00 price target (down previously from $25.00) on shares of C3.ai in a report on Monday, August 11th. Wall Street Zen lowered C3.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Finally, Northland Capmk cut C3.ai from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, C3.ai currently has a consensus rating of “Reduce” and an average target price of $22.09.

About C3.ai

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.