C3.ai (NYSE:AI) Trading 3.7% Higher – Here’s What Happened

C3.ai, Inc. (NYSE:AI)’s share price traded up 3.7% on Friday . The stock traded as high as $17.64 and last traded at $17.49. 2,629,133 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 6,051,148 shares. The stock had previously closed at $16.86.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp reissued a “mixed” rating on shares of C3.ai in a research note on Thursday, May 29th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research note on Monday, August 11th. Northland Capmk cut shares of C3.ai from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen cut shares of C3.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $50.00 price target on shares of C3.ai in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $27.43.

C3.ai Stock Performance

The stock has a market cap of $2.35 billion, a PE ratio of -7.81 and a beta of 1.98. The stock’s 50-day moving average is $23.71 and its two-hundred day moving average is $23.74.

C3.ai (NYSE:AI) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. The firm had revenue of $108.72 million during the quarter, compared to analysts’ expectations of $107.85 million. C3.ai had a negative net margin of 74.21% and a negative return on equity of 33.51%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) EPS. C3.ai has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current year.

Insider Buying and Selling at C3.ai

In other C3.ai news, Director John E. Hyten sold 10,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $23.75, for a total transaction of $237,500.00. Following the sale, the director directly owned 63,942 shares in the company, valued at $1,518,622.50. This represents a 13.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas M. Siebel sold 577,678 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $16.78, for a total transaction of $9,693,436.84. Following the sale, the chief executive officer owned 2,973,572 shares in the company, valued at approximately $49,896,538.16. This trade represents a 16.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,257,074 shares of company stock valued at $53,260,950 in the last quarter. Corporate insiders own 33.54% of the company’s stock.

Institutional Investors Weigh In On C3.ai

A number of hedge funds have recently added to or reduced their stakes in AI. Russell Investments Group Ltd. raised its position in C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company’s stock worth $31,000 after acquiring an additional 456 shares during the last quarter. Bogart Wealth LLC raised its position in C3.ai by 22.7% during the second quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. raised its position in C3.ai by 8.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company’s stock worth $138,000 after acquiring an additional 510 shares during the last quarter. ProShare Advisors LLC raised its position in C3.ai by 2.4% during the second quarter. ProShare Advisors LLC now owns 25,548 shares of the company’s stock worth $628,000 after acquiring an additional 593 shares during the last quarter. Finally, Optimum Investment Advisors raised its position in C3.ai by 35.6% during the first quarter. Optimum Investment Advisors now owns 2,668 shares of the company’s stock worth $56,000 after acquiring an additional 700 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

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.