Themes Management Co LLC Makes New Investment in C3.ai, Inc. $AI

Themes Management Co LLC bought a new position in C3.ai, Inc. (NYSE:AI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 67,223 shares of the company’s stock, valued at approximately $906,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in C3.ai by 48.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock worth $51,000 after purchasing an additional 800 shares in the last quarter. Parallel Advisors LLC raised its position in shares of C3.ai by 76.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock valued at $32,000 after buying an additional 801 shares in the last quarter. BOKF NA raised its position in shares of C3.ai by 20.7% during the 3rd quarter. BOKF NA now owns 4,709 shares of the company’s stock valued at $82,000 after buying an additional 809 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of C3.ai by 66.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock valued at $29,000 after buying an additional 852 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of C3.ai by 58.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,350 shares of the company’s stock valued at $41,000 after buying an additional 863 shares in the last quarter. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AI has been the topic of several research reports. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of C3.ai in a research report on Wednesday, May 13th. Wolfe Research restated an “underperform” rating and set a $6.00 price objective on shares of C3.ai in a research report on Thursday, February 26th. DA Davidson restated an “underperform” rating and set a $7.00 price objective on shares of C3.ai in a research report on Wednesday, May 13th. UBS Group restated a “reduce” rating on shares of C3.ai in a research report on Thursday, February 26th. Finally, Citizens Jmp cut shares of C3.ai from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $15.93.

Insider Activity at C3.ai

In related news, CEO Thomas M. Siebel sold 369,624 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $8.72, for a total transaction of $3,223,121.28. Following the transaction, the chief executive officer owned 722,362 shares of the company’s stock, valued at approximately $6,298,996.64. This trade represents a 33.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Bradley Ehikian sold 52,194 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $8.22, for a total transaction of $429,034.68. Following the transaction, the chief executive officer directly owned 721,485 shares in the company, valued at approximately $5,930,606.70. This represents a 6.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,592,689 shares of company stock valued at $13,739,172. Insiders own 26.50% of the company’s stock.

C3.ai Stock Performance

AI stock opened at $9.30 on Tuesday. C3.ai, Inc. has a 52 week low of $7.68 and a 52 week high of $30.24. The firm’s fifty day moving average is $8.84 and its 200 day moving average is $11.40. The firm has a market cap of $1.35 billion, a P/E ratio of -2.95 and a beta of 2.00.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, February 25th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.11). C3.ai had a negative net margin of 141.35% and a negative return on equity of 55.40%. The business had revenue of $53.26 million for the quarter, compared to the consensus estimate of $75.91 million. During the same period in the prior year, the business posted ($0.12) EPS. C3.ai’s revenue for the quarter was down 46.1% on a year-over-year basis. As a group, analysts forecast that C3.ai, Inc. will post -3.22 EPS for the current year.

C3.ai Company Profile

C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.

The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.