Vanguard Group Inc. Purchases 108,011 Shares of C3.ai, Inc. $AI

Vanguard Group Inc. boosted its position in C3.ai, Inc. (NYSE:AI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,469,953 shares of the company’s stock after acquiring an additional 108,011 shares during the period. Vanguard Group Inc. owned 0.10% of C3.ai worth $195,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised 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 valued at $51,000 after acquiring an additional 800 shares during the period. Parallel Advisors LLC raised its stake in C3.ai by 76.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock valued at $32,000 after acquiring an additional 801 shares during the period. BOKF NA raised its stake in C3.ai by 20.7% in the 3rd quarter. BOKF NA now owns 4,709 shares of the company’s stock valued at $82,000 after acquiring an additional 809 shares during the period. Farther Finance Advisors LLC increased its position in shares of C3.ai by 66.1% during the fourth 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 during the period. Finally, Clearstead Advisors LLC increased its position in shares of C3.ai by 58.0% during the third quarter. Clearstead Advisors LLC now owns 2,350 shares of the company’s stock valued at $41,000 after buying an additional 863 shares during the period. 38.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Stephen Bradley Ehikian sold 52,194 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $8.22, for a total transaction of $429,034.68. Following the completion of the transaction, the chief executive officer owned 721,485 shares of the company’s stock, valued at approximately $5,930,606.70. The trade was a 6.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas M. Siebel sold 511,732 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $11.66, for a total value of $5,966,795.12. Following the transaction, the chairman directly owned 722,362 shares of the company’s stock, valued at $8,422,740.92. The trade was a 41.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,622,783 shares of company stock worth $15,513,925 over the last three months. Company insiders own 26.50% of the company’s stock.

C3.ai Trading Up 0.0%

Shares of NYSE AI opened at $9.87 on Monday. C3.ai, Inc. has a 12 month low of $7.68 and a 12 month high of $30.24. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -3.13 and a beta of 2.00. The business has a 50-day moving average of $8.83 and a 200-day moving average of $12.12.

C3.ai (NYSE:AI) last issued its quarterly earnings data 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 return on equity of 55.40% and a negative net margin of 141.35%.The business had revenue of $53.26 million for the quarter, compared to analysts’ expectations of $75.91 million. During the same period in the previous year, the firm posted ($0.12) EPS. The firm’s revenue for the quarter was down 46.1% compared to the same quarter last year. On average, analysts predict that C3.ai, Inc. will post -3.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AI shares. Canaccord Genuity Group decreased their price target on C3.ai from $16.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. KeyCorp decreased their price target on C3.ai from $10.00 to $6.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. BMO Capital Markets set a $7.00 price target on C3.ai in a research report on Thursday, February 26th. DA Davidson decreased their price target on C3.ai from $13.00 to $7.00 and set an “underperform” rating on the stock in a research report on Thursday, February 26th. Finally, Wedbush decreased their price target on C3.ai from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $15.87.

Trending Headlines about C3.ai

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

• Positive Sentiment: C3.ai reported that federal, defense, and aerospace bookings surged sharply year over year and now make up more than half of total bookings, signaling stronger demand in higher-value government-related markets. C3.ai (AI) Is Up 8.5% After Defense Bookings Surge And Major Job Cuts – Has The Bull Case Changed?
• Positive Sentiment: The company also announced plans to cut about a quarter of its workforce, which it says should generate roughly $135 million in annual operating expense savings and improve profitability over time. C3.ai (AI) Is Up 8.5% After Defense Bookings Surge And Major Job Cuts – Has The Bull Case Changed?
• Neutral Sentiment: C3.ai launched C3 Code, a new AI-driven development platform that turns plain-English requirements into enterprise applications, which could support longer-term product adoption but has not yet shown up in financial results. C3.ai (AI) Launches C3 Code Platform for AI-Driven App Development
• Neutral Sentiment: Brokerage sentiment remains cautious, with C3.ai receiving an average “Reduce” rating, reflecting ongoing concerns about valuation and execution. C3.ai, Inc. (NYSE:AI) Receives Average Rating of “Reduce” from Brokerages
• Negative Sentiment: The company’s chairman sold $252,236.70 in stock, which can add to investor concerns about insider confidence. Insider Selling: C3.ai (NYSE:AI) Chairman Sells $252,236.70 in Stock

C3.ai 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.