Insider Selling: C3.ai (NYSE:AI) CEO Sells $5,243,975.55 in Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas Siebel sold 472,005 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.11, for a total value of $5,243,975.55. Following the completion of the sale, the chief executive officer owned 722,362 shares in the company, valued at approximately $8,025,441.82. This represents a 39.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

C3.ai Trading Down 6.1%

C3.ai stock opened at $10.27 on Thursday. C3.ai, Inc. has a 12 month low of $7.68 and a 12 month high of $30.11. The stock’s 50 day simple moving average is $9.58 and its two-hundred day simple moving average is $10.95. The firm has a market cap of $1.49 billion, a PE ratio of -3.07 and a beta of 2.04.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.05. C3.ai had a negative return on equity of 60.20% and a negative net margin of 187.95%.The business had revenue of $51.60 million for the quarter, compared to analyst estimates of $51.60 million. During the same quarter in the prior year, the firm posted ($0.16) EPS. The business’s quarterly revenue was down 52.5% compared to the same quarter last year. On average, equities research analysts forecast that C3.ai, Inc. will post -2.26 EPS for the current year.

Key C3.ai News

Here are the key news stories impacting C3.ai this week:

• Positive Sentiment: Recent market commentary says C3.ai has benefited from a broad AI rally tied to lower Treasury yields and easing geopolitical risk, which can support higher valuations for enterprise software names like AI. C3.ai (AI) Stock Could Be 45% Overvalued After Peace Deal Rally
• Neutral Sentiment: Broader industry articles continue to highlight strong AI adoption across sectors, reinforcing the long-term demand story for AI software, but these stories do not directly change C3.ai’s near-term fundamentals.
• Negative Sentiment: Investor attention is also on recent insider selling by CEO Thomas Siebel, including a larger share sale disclosed this week. Although the company said the transactions were tied to a 10b5-1 plan and tax withholding, insider sales can still weigh on sentiment. C3.ai (NYSE:AI) CEO Thomas Siebel Sells 23,570 Shares
• Negative Sentiment: Some analysis also argues the stock may be meaningfully overvalued after its recent rebound, which could prompt traders to take profits. C3.ai (AI) Stock Could Be 45% Overvalued After Peace Deal Rally

Analyst Ratings Changes

AI has been the topic of several recent research reports. BMO Capital Markets set a $7.00 price objective on C3.ai in a research report on Thursday, February 26th. Citizens Jmp reaffirmed a “market perform” rating on shares of C3.ai in a research note on Thursday, June 4th. UBS Group upped their target price on C3.ai from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. KeyCorp reaffirmed an “underweight” rating on shares of C3.ai in a research note on Thursday, June 4th. Finally, Canaccord Genuity Group increased their price objective on C3.ai from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.92.

Institutional Trading of C3.ai

Large investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new stake in C3.ai in the 1st quarter valued at $26,000. Larson Financial Group LLC increased its position in shares of C3.ai by 683.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock worth $26,000 after purchasing an additional 1,292 shares during the last quarter. Farther Finance Advisors LLC increased 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 worth $29,000 after purchasing an additional 852 shares during the last quarter. Parallel Advisors LLC increased 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 worth $32,000 after purchasing an additional 801 shares during the last quarter. Finally, Comerica Bank increased its position in shares of C3.ai by 839.1% during the 4th quarter. Comerica Bank now owns 2,423 shares of the company’s stock worth $33,000 after purchasing an additional 2,165 shares during the last quarter. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

About C3.ai

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.