EVR Research LP Has $8.09 Million Stock Holdings in C3.ai, Inc. $AI

EVR Research LP raised its stake in shares of C3.ai, Inc. (NYSE:AI) by 223.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600,400 shares of the company’s stock after purchasing an additional 415,000 shares during the quarter. C3.ai accounts for about 4.4% of EVR Research LP’s holdings, making the stock its 7th biggest holding. EVR Research LP’s holdings in C3.ai were worth $8,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in C3.ai by 683.6% during the third quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock valued at $26,000 after purchasing an additional 1,292 shares during the last quarter. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 852 shares during the last quarter. Parallel Advisors LLC lifted its position in C3.ai by 76.4% during the third quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock valued at $32,000 after purchasing an additional 801 shares during the last quarter. Comerica Bank lifted its position in C3.ai by 839.1% during the fourth quarter. Comerica Bank now owns 2,423 shares of the company’s stock valued at $33,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Olistico Wealth LLC bought a new stake in C3.ai during the fourth quarter valued at approximately $34,000. 38.96% of the stock is currently owned by institutional investors.

C3.ai Stock Performance

Shares of AI opened at $10.27 on Thursday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -3.07 and a beta of 2.04. C3.ai, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $30.11. The firm has a 50 day moving average price of $9.58 and a 200-day moving average price of $10.95.

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

Trending Headlines about C3.ai

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on AI. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of C3.ai in a research report on Thursday, June 4th. Canaccord Genuity Group boosted their price objective on shares of C3.ai from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. DA Davidson restated an “underperform” rating and issued a $7.00 price objective on shares of C3.ai in a report on Thursday, June 4th. Citizens Jmp restated a “market perform” rating on shares of C3.ai in a report on Thursday, June 4th. Finally, UBS Group boosted their price objective on shares of C3.ai from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $12.92.

Insider Transactions at C3.ai

In related news, CFO Hitesh Lath sold 34,210 shares of C3.ai stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $10.95, for a total value of $374,599.50. Following the transaction, the chief financial officer directly owned 233,106 shares of the company’s stock, valued at $2,552,510.70. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Siebel sold 472,005 shares of C3.ai stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.11, for a total transaction of $5,243,975.55. Following the completion of the transaction, the chief executive officer directly owned 722,362 shares in the company, valued at approximately $8,025,441.82. The trade was a 39.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 1,599,644 shares of company stock worth $15,059,516. 26.50% of the stock is currently owned by insiders.

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.