C3.ai (NYSE:AI) Stock: Insider Hitesh Lath Sells 20,000 Shares

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $12.37, for a total value of $247,400.00. Following the sale, the chief financial officer directly owned 305,250 shares in the company, valued at approximately $3,775,942.50. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were 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 stock was sold at an average price of $10.00, for a total value of $200,000.00.

C3.ai Trading Up 4.0%

NYSE:AI opened at $12.13 on Friday. C3.ai, Inc. has a 12-month low of $7.68 and a 12-month high of $19.60. The stock has a 50-day moving average price of $10.66 and a 200 day moving average price of $9.80. The stock has a market capitalization of $1.95 billion, a P/E ratio of -3.94 and a beta of 2.11.

C3.ai (NYSE:AI) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.06. C3.ai had a negative return on equity of 61.25% and a negative net margin of 192.10%. The company had revenue of $52.38 million for the quarter, compared to the consensus estimate of $52.06 million. During the same quarter last year, the company earned ($0.37) EPS. The firm’s quarterly revenue was down 25.4% on a year-over-year basis. On average, research analysts predict that C3.ai, Inc. will post -2.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On C3.ai

Institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in C3.ai in the 1st quarter worth approximately $26,000. AdvisorNet Financial Inc purchased a new stake in shares of C3.ai during the 1st quarter worth approximately $34,000. CoreCap Advisors LLC boosted its position in shares of C3.ai by 34.0% during the 2nd quarter. CoreCap Advisors LLC now owns 6,145 shares of the company’s stock valued at $56,000 after acquiring an additional 1,560 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of C3.ai by 1,510.1% during the 2nd quarter. Versant Capital Management Inc now owns 6,859 shares of the company’s stock valued at $62,000 after acquiring an additional 6,433 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of C3.ai during the 2nd quarter valued at approximately $84,000. Hedge funds and other institutional investors 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: Northland Capital Markets upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10. The firm cited the potential of C3.ai’s enterprise AI platform launch, providing a more optimistic view of the company’s growth prospects. Northland upgrades C3.ai
• Positive Sentiment: Recent results have improved the investment narrative. C3.ai reported a smaller-than-expected quarterly loss of $0.20 per share versus the $0.26 consensus estimate, while revenue of $52.38 million modestly exceeded expectations. Investors are focusing on reduced losses and the possibility of improving earnings momentum despite year-over-year revenue pressure. Improved earnings momentum at C3.ai
• Positive Sentiment: Northland expects C3.ai’s fiscal 2028 loss to narrow to $1.85 per share, compared with an estimated $2.21 loss for the current fiscal year. Its quarterly forecasts call for losses to gradually improve, supporting the case for longer-term operating progress.
• Neutral Sentiment: The Northland upgrade is notable, but the company remains unprofitable and its forecasts still show sizable losses. The broader analyst view is more cautious, with several firms maintaining Hold or Sell ratings and a consensus target below the current trading level.
• Negative Sentiment: CEO Thomas Siebel sold 435,363 shares valued at approximately $5.15 million, reducing his direct stake by 37.61%. The sale was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value, but its size may weigh on investor sentiment. SEC filing for Thomas Siebel sale
• Negative Sentiment: CFO Hitesh Lath sold 20,000 shares for $247,400, reducing his ownership by 6.15%. This transaction also followed a 10b5-1 plan, but combined executive selling may create near-term pressure. CFO insider sale

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reiterated a “hold” rating and set a $10.00 price objective on shares of C3.ai in a research report on Thursday, September 3rd. Northland Securities set a $16.00 target price on shares of C3.ai and gave the stock an “outperform” rating in a report on Monday. Citizens Jmp restated a “market perform” rating on shares of C3.ai in a research report on Tuesday, September 29th. DA Davidson restated an “underperform” rating and set a $7.00 target price on shares of C3.ai in a research report on Tuesday, September 1st. Finally, Weiss Ratings raised shares of C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $9.36.

About C3.ai

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.