C3.ai (NYSE:AI) CEO Thomas Siebel Sells 16,890 Shares of Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas Siebel sold 16,890 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $10.30, for a total value of $173,967.00. Following the completion of the sale, the chief executive officer directly owned 738,208 shares of the company’s stock, valued at $7,603,542.40. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 has a market cap of $1.70 billion, a PE ratio of -3.55 and a beta of 2.10. The company’s 50 day simple moving average is $9.52 and its 200-day simple moving average is $9.43. C3.ai, Inc. has a 12-month low of $7.68 and a 12-month high of $20.22.

C3.ai (NYSE:AI) last released its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.06. The firm had revenue of $52.38 million during the quarter, compared to the consensus estimate of $52.06 million. C3.ai had a negative net margin of 192.10% and a negative return on equity of 60.82%. C3.ai’s revenue for the quarter was down 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.37) EPS. As a group, equities research analysts forecast that C3.ai, Inc. will post -2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On C3.ai

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of C3.ai by 48.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock valued at $51,000 after buying an additional 800 shares during the period. Parallel Advisors LLC grew its holdings in C3.ai by 76.4% during the third quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock worth $32,000 after acquiring an additional 801 shares during the period. BOKF NA raised its position in C3.ai by 20.7% in the third quarter. BOKF NA now owns 4,709 shares of the company’s stock worth $82,000 after acquiring an additional 809 shares in the last quarter. Farther Finance Advisors LLC raised its position in C3.ai by 66.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock worth $29,000 after acquiring an additional 852 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in C3.ai by 8.8% in the third quarter. Envestnet Asset Management Inc. now owns 12,560 shares of the company’s stock valued at $218,000 after acquiring an additional 1,018 shares during the period. Hedge funds and other institutional investors own 38.96% of the company’s stock.

More 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

Analyst Ratings Changes

AI has been the subject of several recent research reports. UBS Group reiterated an “underperform” rating on shares of C3.ai in a research note on Tuesday. DA Davidson restated an “underperform” rating and issued a $7.00 price target on shares of C3.ai in a research report on Tuesday. Morgan Stanley upped their price objective on C3.ai from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 4th. KeyCorp reaffirmed an “underweight” rating on shares of C3.ai in a research report on Thursday, June 4th. Finally, Weiss Ratings raised C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, C3.ai currently has an average rating of “Reduce” and an average target price of $8.70.

C3.ai Company Profile

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.