C3.ai (NYSE:AI) CFO Hitesh Lath Sells 34,210 Shares of Stock

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 34,210 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $10.95, for a total transaction of $374,599.50. Following the completion of the sale, the chief financial officer directly owned 233,106 shares in the company, valued at approximately $2,552,510.70. This represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

C3.ai Trading Down 6.1%

Shares of NYSE:AI opened at $10.27 on Thursday. C3.ai, Inc. has a 52 week low of $7.68 and a 52 week high of $30.11. The company’s 50 day moving average is $9.58 and its two-hundred day moving average is $10.95. The company has a market cap of $1.49 billion, a PE ratio of -3.07 and a beta of 2.04.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates 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 company 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 posted ($0.16) EPS. The company’s quarterly revenue was down 52.5% compared to the same quarter last year. As a group, equities research analysts expect that C3.ai, Inc. will post -2.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of C3.ai from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Wedbush reissued an “outperform” rating and issued a $15.00 price objective on shares of C3.ai in a research report on Thursday, June 4th. KeyCorp restated an “underweight” rating on shares of C3.ai in a report on Thursday, June 4th. DA Davidson restated an “underperform” rating and issued a $7.00 target price on shares of C3.ai in a report on Thursday, June 4th. Finally, Weiss Ratings cut shares of C3.ai from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $12.92.

Key C3.ai News

Here are the key news stories impacting C3.ai this week:

• Positive Sentiment: Recent market commentary says C3.ai has benefited from a broad AI rally tied to lower Treasury yields and easing geopolitical risk, which can support higher valuations for enterprise software names like AI. C3.ai (AI) Stock Could Be 45% Overvalued After Peace Deal Rally
• Neutral Sentiment: Broader industry articles continue to highlight strong AI adoption across sectors, reinforcing the long-term demand story for AI software, but these stories do not directly change C3.ai’s near-term fundamentals.
• Negative Sentiment: Investor attention is also on recent insider selling by CEO Thomas Siebel, including a larger share sale disclosed this week. Although the company said the transactions were tied to a 10b5-1 plan and tax withholding, insider sales can still weigh on sentiment. C3.ai (NYSE:AI) CEO Thomas Siebel Sells 23,570 Shares
• Negative Sentiment: Some analysis also argues the stock may be meaningfully overvalued after its recent rebound, which could prompt traders to take profits. C3.ai (AI) Stock Could Be 45% Overvalued After Peace Deal Rally

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AI. Bank of America Corp DE boosted its holdings in shares of C3.ai by 55.1% in the 1st quarter. Bank of America Corp DE now owns 3,282,183 shares of the company’s stock valued at $27,636,000 after buying an additional 1,166,302 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of C3.ai by 77.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,804,188 shares of the company’s stock valued at $31,284,000 after buying an additional 785,508 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of C3.ai in the 3rd quarter valued at $13,379,000. Voloridge Investment Management LLC acquired a new position in shares of C3.ai in the 4th quarter valued at $9,183,000. Finally, Federated Hermes Inc. boosted its holdings in shares of C3.ai by 93,578.8% in the 4th quarter. Federated Hermes Inc. now owns 675,424 shares of the company’s stock valued at $9,105,000 after buying an additional 674,703 shares in the last quarter. Institutional investors and hedge funds own 38.96% of the company’s stock.

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.