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

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

Shares of AI stock opened at $10.93 on Wednesday. C3.ai, Inc. has a 52-week low of $7.68 and a 52-week high of $30.11. The firm has a market capitalization of $1.59 billion, a P/E ratio of -3.27 and a beta of 2.04. The stock has a 50 day moving average price of $9.55 and a 200 day moving average price of $10.98.

C3.ai (NYSE:AI) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. C3.ai had a negative return on equity of 60.20% and a negative net margin of 187.95%.The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.60 million. During the same period last year, the company earned ($0.16) EPS. C3.ai’s quarterly revenue was down 52.5% compared to the same quarter last year. As a group, sell-side analysts forecast that C3.ai, Inc. will post -2.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AI shares. Wolfe Research reissued an “underperform” rating and set a $6.00 price target on shares of C3.ai in a research note on Thursday, February 26th. KeyCorp reissued an “underweight” rating on shares of C3.ai in a research note on Thursday, June 4th. BMO Capital Markets set a $7.00 price target on C3.ai in a report on Thursday, February 26th. UBS Group boosted their price target on C3.ai from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, Weiss Ratings upgraded C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.92.

Institutional Trading of C3.ai

A number of 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 first quarter. Bank of America Corp DE now owns 3,282,183 shares of the company’s stock valued at $27,636,000 after purchasing an additional 1,166,302 shares during the period. Dimensional Fund Advisors LP raised its stake in C3.ai by 77.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,804,188 shares of the company’s stock worth $31,284,000 after buying an additional 785,508 shares in the last quarter. Two Sigma Investments LP bought a new position in C3.ai in the third quarter worth approximately $13,379,000. Voloridge Investment Management LLC bought a new position in C3.ai in the fourth quarter worth approximately $9,183,000. Finally, Federated Hermes Inc. raised its stake in C3.ai by 93,578.8% in the fourth quarter. Federated Hermes Inc. now owns 675,424 shares of the company’s stock worth $9,105,000 after buying an additional 674,703 shares in the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.

C3.ai News Summary

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

• Positive Sentiment: Market commentary highlighted C3.ai as a Q1 earnings outperformer among data infrastructure stocks, which may be supporting sentiment that the company can still stand out when execution improves. Q1 Earnings Outperformers: C3.ai (NYSE:AI) And The Rest of The Data Infrastructure Stocks
• Positive Sentiment: Broader AI adoption headlines reinforced the long-term demand story for AI software and infrastructure, including reports that AI is improving productivity and driving business gains across multiple industries. AI-referred US shoppers browse longer, spend more per visit, data shows
• Neutral Sentiment: Several other AI-sector stories, including new partnerships, certifications, and industry studies, kept the AI theme in focus but do not appear to directly change C3.ai’s near-term fundamentals. Boomi Study Finds APAC Organisations Risking AI ROI Without Strong Data Foundations
• Negative Sentiment: CEO Thomas Siebel disclosed sales of C3.ai shares, including a larger pre-planned transaction, which can pressure sentiment because investors often view insider selling cautiously even when tied to a 10b5-1 plan and tax withholding. C3.ai (NYSE:AI) CEO Thomas Siebel Sells 23,570 Shares
• Negative Sentiment: Analyst sentiment remains mixed, with the consensus rating still at “Reduce,” suggesting ongoing skepticism about profitability and valuation despite recent stock momentum.

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.