C3.ai (NYSE:AI) CEO Thomas Siebel Sells 23,570 Shares

C3.ai, Inc. (NYSE:AI) CEO Thomas Siebel sold 23,570 shares of C3.ai stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $10.92, for a total transaction of $257,384.40. Following the sale, the chief executive officer directly owned 743,559 shares in the company, valued at $8,119,664.28. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 Price Performance

NYSE:AI opened at $11.02 on Tuesday. The firm’s 50 day simple moving average is $9.51 and its 200 day simple moving average is $11.00. C3.ai, Inc. has a one year low of $7.68 and a one year high of $30.11. The company has a market cap of $1.60 billion, a PE ratio of -3.30 and a beta of 2.04.

C3.ai (NYSE:AI) last posted its earnings results on Wednesday, June 3rd. The company reported ($0.33) EPS 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 business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.60 million. During the same period last year, the company earned ($0.16) EPS. The firm’s revenue was down 52.5% compared to the same quarter last year. Equities research analysts expect that C3.ai, Inc. will post -2.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AI shares. JPMorgan Chase & Co. cut 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. DA Davidson reiterated an “underperform” rating and set a $7.00 target price on shares of C3.ai in a research report on Thursday, June 4th. Canaccord Genuity Group lifted their target price on shares of C3.ai from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th. Wolfe Research reiterated an “underperform” rating and set a $6.00 target price on shares of C3.ai in a research report on Thursday, February 26th. Finally, Morgan Stanley lifted their target price on shares of C3.ai from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $12.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of C3.ai by 683.6% in 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. Parallel Advisors LLC lifted its position in shares of C3.ai by 76.4% in 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. Farther Finance Advisors LLC lifted its position in shares of C3.ai by 66.1% in 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. Clearstead Advisors LLC lifted its position in shares of C3.ai by 58.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,350 shares of the company’s stock worth $41,000 after purchasing an additional 863 shares during the period. Finally, Comerica Bank lifted its position in shares of C3.ai by 839.1% in 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.

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

About C3.ai

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.