C3.ai, Inc. (NYSE:AI – Get Free Report) CEO Thomas Siebel sold 472,005 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $11.11, for a total transaction of $5,243,975.55. Following the completion of the sale, the chief executive officer owned 722,362 shares in the company, valued at $8,025,441.82. This represents a 39.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Price Performance
Shares of NYSE:AI opened at $10.93 on Wednesday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -3.27 and a beta of 2.04. The firm’s 50 day simple moving average is $9.55 and its 200 day simple moving average is $10.98. C3.ai, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $30.11.
C3.ai (NYSE:AI – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.05. The business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.60 million. C3.ai had a negative net margin of 187.95% and a negative return on equity of 60.20%. C3.ai’s revenue for the quarter was down 52.5% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS. Equities research analysts expect that C3.ai, Inc. will post -2.26 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on C3.ai
Institutional Trading of C3.ai
Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in C3.ai during the 1st quarter worth approximately $26,000. Bank of America Corp DE grew its stake in shares of C3.ai by 55.1% during the 1st quarter. Bank of America Corp DE now owns 3,282,183 shares of the company’s stock worth $27,636,000 after acquiring an additional 1,166,302 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of C3.ai by 247.5% during the 1st quarter. Edgestream Partners L.P. now owns 658,573 shares of the company’s stock worth $5,545,000 after acquiring an additional 469,057 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of C3.ai by 39.0% during the 1st quarter. California State Teachers Retirement System now owns 168,943 shares of the company’s stock worth $1,422,000 after acquiring an additional 47,391 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of C3.ai by 418.7% during the 1st quarter. Royal Bank of Canada now owns 177,527 shares of the company’s stock worth $1,495,000 after acquiring an additional 143,303 shares in the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.
Key C3.ai News
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.
See Also
- Five stocks we like better than C3.ai
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Receive News & Ratings for C3.ai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C3.ai and related companies with MarketBeat.com's FREE daily email newsletter.
