C3.ai (NYSE:AI) CEO Sells $5,243,975.55 in Stock
by Kim Johansen · The Markets DailyC3.ai, Inc. (NYSE:AI – Get Free Report) CEO Thomas Siebel sold 472,005 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.11, for a total transaction of $5,243,975.55. Following the completion of the transaction, the chief executive officer owned 722,362 shares in the company, valued at approximately $8,025,441.82. This represents a 39.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
C3.ai Trading Up 1.1%
AI traded up $0.12 during trading hours on Monday, hitting $11.02. 6,981,623 shares of the company’s stock were exchanged, compared to its average volume of 7,816,163. C3.ai, Inc. has a 12-month low of $7.68 and a 12-month high of $30.11. The firm has a 50 day moving average of $9.51 and a 200 day moving average of $11.00. The firm has a market cap of $1.60 billion, a P/E ratio of -3.30 and a beta of 2.04.
C3.ai (NYSE:AI – Get Free Report) last announced its earnings results on Wednesday, June 3rd. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.05. C3.ai had a negative net margin of 187.95% and a negative return on equity of 60.20%. The firm had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.60 million. During the same period in the prior year, the firm earned ($0.16) EPS. The firm’s revenue for the quarter was down 52.5% on a year-over-year basis. As a group, research analysts expect that C3.ai, Inc. will post -2.26 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have commented on AI. UBS Group increased their price objective on shares of C3.ai from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Weiss Ratings raised shares of C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price on shares of C3.ai in a research report on Thursday, June 4th. JPMorgan Chase & Co. dropped their target price on shares of C3.ai from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.92.
Read Our Latest Analysis on C3.ai
Key C3.ai News
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: Investor commentary highlighted C3.ai as a Q1 earnings outperformer within data infrastructure stocks, reinforcing the view that the company can stand out relative to peers when results show improvement. Q1 Earnings Outperformers: C3.ai (NYSE:AI) And The Rest Of The Data Infrastructure Stocks
- Neutral Sentiment: Several articles discussed broader AI adoption trends, including research showing companies need stronger data foundations to capture AI ROI and reports that AI is boosting spending across retail and other industries. These stories support the long-term AI narrative, but they do not directly change C3.ai’s fundamentals. Boomi Study Finds APAC Organisations Risking AI ROI Without Strong Data Foundations AI-referred US shoppers browse longer, spend more per visit, data shows
- Neutral Sentiment: Other AI-related headlines, such as funding for AI-driven drug discovery, food-tech investment, and an accounting foundation recognizing AI adoption, point to continued sector momentum but have little direct impact on C3.ai’s stock.
- Negative Sentiment: There was also a more cautious industry note about AI deepfakes and misinformation risks, which can add to regulatory and reputational concerns around the AI sector broadly. AI Deepfakes Are Getting Weirder and Harder to Spot in the Midterms
Institutional Trading of C3.ai
Large investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in C3.ai during the 1st quarter worth $26,000. Larson Financial Group LLC boosted its stake in C3.ai by 683.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock worth $26,000 after purchasing an additional 1,292 shares during the period. Farther Finance Advisors LLC boosted its stake in C3.ai by 66.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock worth $29,000 after purchasing an additional 852 shares during the period. Parallel Advisors LLC boosted its stake in C3.ai by 76.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock worth $32,000 after purchasing an additional 801 shares during the period. Finally, Comerica Bank boosted its stake in C3.ai by 839.1% during the 4th quarter. Comerica Bank now owns 2,423 shares of the company’s stock worth $33,000 after purchasing an additional 2,165 shares during the period. Institutional investors and hedge funds own 38.96% of the company’s stock.
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.
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