C3.ai, Inc. $AI Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in C3.ai, Inc. (NYSE:AI) by 1,481.6% in the second quarter, Holdings Channel.com reports. The fund owned 502,173 shares of the company’s stock after buying an additional 470,422 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in C3.ai were worth $12,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of C3.ai by 32.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 42,151 shares of the company’s stock valued at $1,036,000 after purchasing an additional 10,334 shares during the last quarter. Wedbush Securities Inc. lifted its stake in C3.ai by 26.1% in the second quarter. Wedbush Securities Inc. now owns 32,855 shares of the company’s stock valued at $807,000 after buying an additional 6,795 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of C3.ai by 14.6% in the second quarter. Savant Capital LLC now owns 13,315 shares of the company’s stock valued at $327,000 after acquiring an additional 1,696 shares during the period. Moors & Cabot Inc. grew its position in shares of C3.ai by 5.2% during the second quarter. Moors & Cabot Inc. now owns 14,263 shares of the company’s stock worth $350,000 after acquiring an additional 700 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of C3.ai by 8.1% in the 2nd quarter. Bank of Montreal Can now owns 30,031 shares of the company’s stock valued at $738,000 after acquiring an additional 2,244 shares during the period. Hedge funds and other institutional investors own 38.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group raised their price objective on shares of C3.ai from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Oppenheimer reiterated a “market perform” rating on shares of C3.ai in a research note on Tuesday, August 12th. Canaccord Genuity Group cut their price target on C3.ai from $28.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research report on Thursday, September 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of C3.ai in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $22.09.

Insider Transactions at C3.ai

In other C3.ai news, EVP Robert David Schilling sold 470,420 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $17.29, for a total transaction of $8,133,561.80. Following the sale, the executive vice president directly owned 1,011,327 shares in the company, valued at approximately $17,485,843.83. The trade was a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Hitesh Lath sold 46,881 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total value of $796,508.19. Following the completion of the transaction, the chief financial officer owned 209,154 shares of the company’s stock, valued at approximately $3,553,526.46. This represents a 18.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,774,973 shares of company stock valued at $31,388,294 in the last quarter. 26.50% of the stock is currently owned by corporate insiders.

C3.ai Stock Performance

C3.ai stock opened at $15.26 on Wednesday. C3.ai, Inc. has a one year low of $14.70 and a one year high of $45.08. The company has a market cap of $2.10 billion, a P/E ratio of -5.87 and a beta of 1.96. The business has a fifty day moving average of $17.45 and a two-hundred day moving average of $21.20.

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

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.