Cerro Pacific Wealth Advisors LLC Has $295,000 Stake in C3.ai, Inc. $AI

Cerro Pacific Wealth Advisors LLC increased its position in shares of C3.ai, Inc. (NYSE:AI) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,000 shares of the company’s stock after buying an additional 1,825 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in C3.ai were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in C3.ai during the second quarter worth $267,000. Blue Trust Inc. increased its holdings in C3.ai by 53.7% during the second quarter. Blue Trust Inc. now owns 2,329 shares of the company’s stock worth $57,000 after buying an additional 814 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in C3.ai during the second quarter worth $71,000. Vontobel Holding Ltd. increased its holdings in shares of C3.ai by 8.9% in the second quarter. Vontobel Holding Ltd. now owns 18,895 shares of the company’s stock valued at $464,000 after purchasing an additional 1,545 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in shares of C3.ai by 13.1% in the second quarter. KLP Kapitalforvaltning AS now owns 25,900 shares of the company’s stock valued at $636,000 after purchasing an additional 3,000 shares during the period. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Robert David Schilling sold 470,420 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $17.29, for a total transaction of $8,133,561.80. Following the completion of the sale, the executive vice president owned 1,011,327 shares of the company’s stock, valued at $17,485,843.83. This represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Hitesh Lath sold 46,881 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $16.99, for a total transaction of $796,508.19. Following the sale, the chief financial officer directly owned 209,154 shares of the company’s stock, valued at $3,553,526.46. This represents a 18.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,695,772 shares of company stock valued at $54,661,544 over the last quarter. 26.50% of the stock is owned by company insiders.

C3.ai Stock Performance

AI stock opened at $17.96 on Friday. The company’s 50-day simple moving average is $17.96 and its 200 day simple moving average is $21.65. C3.ai, Inc. has a 52 week low of $14.70 and a 52 week high of $45.08. The company has a market capitalization of $2.48 billion, a PE ratio of -6.91 and a beta of 1.96.

C3.ai (NYSE:AI) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $104.02 million. During the same quarter last year, the company posted ($0.05) earnings per share. The company’s revenue was down 19.4% on a year-over-year basis. C3.ai has set its Q2 2026 guidance at EPS. On average, analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of C3.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Northland Capmk lowered shares of C3.ai from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley dropped their price objective on shares of C3.ai from $22.00 to $11.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 9th. Northland Securities lowered shares of C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of C3.ai in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $22.09.

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.