C3.ai (NYSE:AI) CFO Hitesh Lath Sells 46,881 Shares of Stock

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 46,881 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $16.99, for a total value of $796,508.19. Following the completion of the transaction, the chief financial officer directly owned 209,154 shares in the company, valued at $3,553,526.46. The trade was a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hitesh Lath also recently made the following trade(s):

• On Friday, June 27th, Hitesh Lath sold 17,689 shares of C3.ai stock. The stock was sold at an average price of $24.96, for a total transaction of $441,517.44.

C3.ai Stock Down 1.5%

Shares of NYSE:AI opened at $17.24 on Thursday. The firm’s 50 day moving average price is $20.76 and its 200-day moving average price is $22.11. C3.ai, Inc. has a twelve month low of $14.70 and a twelve month high of $45.08. The stock has a market capitalization of $2.32 billion, a PE ratio of -6.63 and a beta of 1.96.

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

Analyst Upgrades and Downgrades

AI has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research report on Thursday, September 4th. Oppenheimer reaffirmed a “market perform” rating on shares of C3.ai in a research note on Tuesday, August 12th. Northland Securities downgraded C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, August 12th. DA Davidson reissued an “underperform” rating and issued a $13.00 target price (down from $25.00) on shares of C3.ai in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of C3.ai from $27.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, May 29th. 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 four have given a Sell rating to the company’s stock. According to MarketBeat, C3.ai currently has an average rating of “Reduce” and a consensus target price of $22.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC bought a new position in C3.ai in the 4th quarter worth approximately $34,000. Silicon Valley Capital Partners purchased a new position in shares of C3.ai in the second quarter worth $25,000. Raiffeisen Bank International AG purchased a new position in shares of C3.ai in the fourth quarter worth $36,000. Garde Capital Inc. purchased a new position in shares of C3.ai in the first quarter worth $29,000. Finally, CX Institutional bought a new stake in C3.ai in the 1st quarter valued at $34,000. 38.96% of the stock is currently owned by institutional investors.

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.