Thomas Siebel Sells 27,210 Shares of C3.ai (NYSE:AI) Stock
by Renee Jackson · The Cerbat GemC3.ai, Inc. (NYSE:AI – Get Free Report) Chairman Thomas Siebel sold 27,210 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $9.27, for a total transaction of $252,236.70. Following the completion of the sale, the chairman directly owned 748,277 shares of the company’s stock, valued at $6,936,527.79. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 $9.61 on Thursday. C3.ai, Inc. has a 1-year low of $7.68 and a 1-year high of $30.24. The company has a market capitalization of $1.40 billion, a P/E ratio of -3.05 and a beta of 2.00. The firm’s 50 day simple moving average is $8.84 and its two-hundred day simple moving average is $12.17.
C3.ai (NYSE:AI – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.11). The firm had revenue of $53.26 million during the quarter, compared to analysts’ expectations of $75.91 million. C3.ai had a negative return on equity of 55.40% and a negative net margin of 141.35%.The business’s revenue for the quarter was down 46.1% on a year-over-year basis. During the same period last year, the company earned ($0.12) earnings per share. On average, sell-side analysts anticipate that C3.ai, Inc. will post -3.22 earnings per share for the current fiscal year.
Institutional Trading of C3.ai
Several hedge funds have recently bought and sold shares of AI. Dimensional Fund Advisors LP boosted its holdings in shares of C3.ai by 77.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,804,188 shares of the company’s stock valued at $31,284,000 after purchasing an additional 785,508 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of C3.ai in the third quarter worth about $13,379,000. Voloridge Investment Management LLC bought a new stake in shares of C3.ai in the fourth quarter worth about $9,183,000. Federated Hermes Inc. lifted its position in shares of 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. Finally, Quantbot Technologies LP lifted its position in shares of C3.ai by 2,831.4% in the third quarter. Quantbot Technologies LP now owns 554,472 shares of the company’s stock worth $9,615,000 after buying an additional 535,557 shares in the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.
Wall Street Analyst Weigh In
AI has been the topic of a number of recent analyst reports. UBS Group reissued a “reduce” rating on shares of C3.ai in a report on Thursday, February 26th. DA Davidson dropped their price objective on C3.ai from $13.00 to $7.00 and set an “underperform” rating for the company in a research note on Thursday, February 26th. KeyCorp cut their target price on C3.ai from $10.00 to $6.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Bank of America set a $10.00 target price on C3.ai in a research note on Friday, January 30th. Finally, Wedbush lowered their price target on C3.ai from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $15.87.
Read Our Latest Report on C3.ai
Trending Headlines about C3.ai
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: Sector contract momentum: coverage noting recent Pentagon and small-cap defense/AI contract activity is lifting investor interest in federal AI suppliers, which can increase demand visibility for pure-play AI vendors like C3.ai. Read More.
- Positive Sentiment: Short-term technical/buyer interest: press coverage highlights that C3.ai closed higher in the last session, which can attract momentum traders and short-term flows into the name. Read More.
- Neutral Sentiment: Sector cash-return theme: articles on AI stocks under $50 repurchasing shares suggest buybacks are back in focus; this is a positive structural trend for the sector but does not directly change C3.ai’s immediate fundamentals. Read More.
- Neutral Sentiment: Big-cap and adjacent tech news are shaping investor sentiment across AI names — e.g., commentary on Alphabet’s lower-risk AI exposure and Qualcomm’s mixed quarter — which can influence sector rotation but don’t alter C3.ai’s company-specific outlook. Read More. • Read More.
- Neutral Sentiment: Wider AI infrastructure activity (e.g., satellite/space-to-AI MOUs) signals growing investment into AI data pipelines — positive for the long-term AI market but not a direct catalyst for C3.ai today. Read More.
- Negative Sentiment: Insider sale: Chairman Thomas Siebel sold 27,210 shares (reported as covering tax withholding for vested awards). While described as routine, insider selling can be perceived negatively by some investors. Read More. • Read More.
- Negative Sentiment: Fundamentals and analyst stance: recent quarterly results showed a sizable revenue miss and steep year-over-year revenue decline, and several analysts have maintained cautious ratings and lower targets — a reminder that near-term fundamentals remain challenged. Read More.
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.