Family Legacy Financial Solutions LLC Invests $103,000 in C3.ai, Inc. $AI

Family Legacy Financial Solutions LLC bought a new stake in C3.ai, Inc. (NYSE:AI) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,200 shares of the company’s stock, valued at approximately $103,000.

Several other hedge funds have also recently made changes to their positions in AI. Ameriprise Financial Inc. increased its position in shares of C3.ai by 26.5% in the 4th quarter. Ameriprise Financial Inc. now owns 59,645 shares of the company’s stock valued at $2,054,000 after acquiring an additional 12,504 shares during the period. Gotham Asset Management LLC acquired a new position in shares of C3.ai in the 4th quarter valued at $329,000. Lazard Asset Management LLC acquired a new position in shares of C3.ai in the 4th quarter valued at $94,000. Nuveen Asset Management LLC increased its position in shares of C3.ai by 24.1% in the 4th quarter. Nuveen Asset Management LLC now owns 280,688 shares of the company’s stock valued at $9,664,000 after acquiring an additional 54,490 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in C3.ai during the 4th quarter worth about $304,000. 38.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AI. JMP Securities cut their price target on C3.ai from $30.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Thursday, September 4th. KeyCorp cut their price target on C3.ai from $18.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday, September 4th. Westpark Capital upgraded C3.ai to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, July 9th. Oppenheimer restated a “market perform” rating on shares of C3.ai in a research report on Tuesday, August 12th. Finally, Northland Capmk cut C3.ai from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $22.09.

C3.ai Trading Down 1.5%

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

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 company had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The company’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. On average, sell-side analysts predict that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas M. Siebel sold 589,468 shares of C3.ai stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $28.58, for a total transaction of $16,846,995.44. Following the transaction, the chief executive officer owned 3,227,334 shares in the company, valued at approximately $92,237,205.72. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Hitesh Lath sold 46,881 shares of C3.ai 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 owned 209,154 shares in the company, valued at approximately $3,553,526.46. The trade was a 18.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,243,041 shares of company stock worth $46,969,500. 26.50% of the stock is currently owned by company insiders.

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.