Perigon Wealth Management LLC Sells 3,180 Shares of C3.ai, Inc. $AI

Perigon Wealth Management LLC lessened its stake in shares of C3.ai, Inc. (NYSE:AI) by 1.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 184,156 shares of the company’s stock after selling 3,180 shares during the quarter. Perigon Wealth Management LLC owned approximately 0.14% of C3.ai worth $4,525,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Liontrust Investment Partners LLP grew its position in C3.ai by 203.2% during the 1st quarter. Liontrust Investment Partners LLP now owns 144,288 shares of the company’s stock worth $3,037,000 after acquiring an additional 96,695 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of C3.ai during the first quarter valued at about $274,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of C3.ai during the first quarter worth about $668,000. Banque Cantonale Vaudoise bought a new stake in shares of C3.ai during the first quarter worth about $390,000. Finally, GAMMA Investing LLC grew its holdings in shares of C3.ai by 4,846.5% during the first quarter. GAMMA Investing LLC now owns 12,020 shares of the company’s stock worth $253,000 after purchasing an additional 11,777 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other C3.ai news, CFO Hitesh Lath sold 46,881 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $16.99, for a total value of $796,508.19. Following the transaction, the chief financial officer directly owned 209,154 shares of the company’s stock, valued at approximately $3,553,526.46. The trade was a 18.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas M. Siebel sold 566,125 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $17.23, for a total value of $9,754,333.75. Following the transaction, the chairman owned 2,510,102 shares in the company, valued at $43,249,057.46. The trade was a 18.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,225,352 shares of company stock valued at $46,527,982. 26.50% of the stock is currently owned by corporate insiders.

C3.ai Stock Down 4.6%

AI stock opened at $17.30 on Friday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -6.65 and a beta of 1.96. The company’s fifty day simple moving average is $19.67 and its 200 day simple moving average is $21.95. C3.ai, Inc. has a 12-month low of $14.70 and a 12-month high of $45.08.

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

Analyst Ratings Changes

Several equities research analysts recently commented on AI shares. Canaccord Genuity Group cut 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 report on Friday, September 5th. Oppenheimer reiterated a “market perform” rating on shares of C3.ai in a report on Tuesday, August 12th. KeyCorp reduced their price objective on shares of C3.ai from $18.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, September 4th. Wall Street Zen lowered C3.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Finally, Westpark Capital raised C3.ai to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $22.09.

C3.ai Profile

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.