Apollon Wealth Management LLC Invests $267,000 in C3.ai, Inc. $AI

Apollon Wealth Management LLC acquired a new stake in shares of C3.ai, Inc. (NYSE:AI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,859 shares of the company’s stock, valued at approximately $267,000.

Other institutional investors have also added to or reduced their stakes in the company. Vident Advisory LLC raised its holdings in C3.ai by 3,935.9% in the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company’s stock valued at $11,967,000 after acquiring an additional 554,406 shares in the last quarter. Vanguard Group Inc. increased its position in shares of C3.ai by 3.6% during the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock valued at $282,228,000 after purchasing an additional 471,521 shares during the period. Federated Hermes Inc. bought a new stake in shares of C3.ai during the first quarter valued at approximately $8,206,000. Nuveen LLC acquired a new position in shares of C3.ai in the first quarter valued at $5,529,000. Finally, Tiller Private Wealth Inc. bought a new position in C3.ai in the second quarter worth $5,300,000. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Trading Down 2.0%

NYSE AI opened at $17.70 on Friday. C3.ai, Inc. has a 1-year low of $14.70 and a 1-year high of $45.08. The company has a 50 day moving average of $17.53 and a 200-day moving average of $21.54. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -6.81 and a beta of 1.96.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of C3.ai in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their target price on shares of C3.ai from $28.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 5th. Westpark Capital upgraded shares of C3.ai to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Wednesday, July 9th. Northland Capmk downgraded C3.ai from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, JMP Securities lowered their price objective on C3.ai from $30.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $22.09.

Insider Activity

In other C3.ai news, EVP Robert David Schilling sold 470,420 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $17.29, for a total transaction of $8,133,561.80. Following the sale, the executive vice president owned 1,011,327 shares of the company’s stock, valued at $17,485,843.83. This represents a 31.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas M. Siebel sold 554,802 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $18.82, for a total transaction of $10,441,373.64. Following the completion of the sale, the chairman owned 1,955,300 shares of the company’s stock, valued at $36,798,746. The trade was a 22.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,661,106 shares of company stock worth $48,255,922. 26.50% of the stock is owned by corporate insiders.

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.