C3.ai (NYSE:AI) CEO Thomas Siebel Sells 435,363 Shares of Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas Siebel sold 435,363 shares of C3.ai stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $11.82, for a total value of $5,145,990.66. Following the completion of the transaction, the chief executive officer directly owned 722,362 shares of the company’s stock, valued at approximately $8,538,318.84. This represents a 37.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

C3.ai Price Performance

Shares of AI stock opened at $11.66 on Thursday. C3.ai, Inc. has a one year low of $7.68 and a one year high of $19.80. The company’s 50-day moving average is $10.62 and its 200 day moving average is $9.77.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.06. The business had revenue of $52.38 million during the quarter, compared to analyst estimates of $52.06 million. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. C3.ai’s revenue was down 25.4% compared to the same quarter last year. During the same period last year, the business earned ($0.37) EPS. Analysts predict that C3.ai, Inc. will post -2.21 earnings per share for the current year.

Trending Headlines about C3.ai

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

• Positive Sentiment: Northland Securities upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10, implying meaningful upside. The firm expects fiscal 2028 losses to narrow to $1.85 per share, with quarterly losses ranging from $0.51 to $0.42 per share. The upgrade cited the company’s enterprise AI platform launch. C3.ai rallies after Northland upgrades stock on enterprise AI platform launch
• Neutral Sentiment: C3.ai has attracted increased attention from Zacks users, which may support trading activity but does not by itself indicate improving fundamentals. C3.ai is Attracting Investor Attention
• Negative Sentiment: CEO Thomas Siebel sold 435,363 shares worth approximately $5.15 million, reducing his direct ownership by 37.61%. Although the sale was executed under a pre-arranged Rule 10b5-1 plan, its size can concern investors because it represents substantial insider selling. SEC filing for Thomas Siebel stock sale
• Negative Sentiment: CFO Hitesh Lath sold 20,000 shares for approximately $247,400, cutting his ownership by 6.15%. The transaction also occurred under a 10b5-1 plan, but combined executive selling adds near-term supply and may weigh on sentiment. SEC filing for Hitesh Lath stock sale
• Negative Sentiment: Despite the upgrade, Northland’s forecasts still call for significant losses across fiscal 2028, highlighting that C3.ai remains unprofitable and dependent on successful execution of its enterprise AI strategy.

Hedge Funds Weigh In On C3.ai

A number of hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in shares of C3.ai during the first quarter valued at approximately $26,000. AdvisorNet Financial Inc bought a new position in C3.ai during the first quarter valued at approximately $34,000. CoreCap Advisors LLC boosted its holdings in C3.ai by 34.0% in the second quarter. CoreCap Advisors LLC now owns 6,145 shares of the company’s stock worth $56,000 after purchasing an additional 1,560 shares during the last quarter. Versant Capital Management Inc boosted its holdings in C3.ai by 1,510.1% in the second quarter. Versant Capital Management Inc now owns 6,859 shares of the company’s stock worth $62,000 after purchasing an additional 6,433 shares during the last quarter. Finally, Nykredit A S purchased a new stake in C3.ai in the second quarter worth approximately $84,000. Hedge funds and other institutional investors own 38.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AI shares. Citigroup reissued a “market perform” rating on shares of C3.ai in a research report on Thursday, September 3rd. Wall Street Zen raised C3.ai from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group reiterated an “underperform” rating on shares of C3.ai in a research note on Tuesday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research note on Thursday, September 3rd. Finally, Northland Securities set a $16.00 target price on C3.ai and gave the stock an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $9.36.

About C3.ai

C3.ai, Inc is an enterprise artificial intelligence software company that develops applications and tools designed to help organizations use AI and machine learning to analyze data, automate processes and support business decision-making. The company’s offerings are intended for large commercial enterprises, government agencies and other organizations managing complex operational and data environments.

Its product portfolio includes the C3 AI Platform, which provides capabilities for developing, deploying and operating AI applications, as well as prebuilt enterprise applications.