C3.ai (NYSE:AI) CFO Hitesh Lath Sells 20,000 Shares of Stock

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 20,000 shares of C3.ai stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $12.37, for a total value of $247,400.00. Following the sale, the chief financial officer directly owned 305,250 shares in the company, valued at $3,775,942.50. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hitesh Lath also recently made the following trade(s):

• On Wednesday, September 16th, Hitesh Lath sold 21,077 shares of C3.ai stock. The stock was sold at an average price of $10.48, for a total value of $220,886.96.
• On Tuesday, August 4th, Hitesh Lath sold 20,000 shares of C3.ai stock. The stock was sold at an average price of $10.00, for a total value of $200,000.00.

C3.ai Stock Performance

AI stock opened at $11.66 on Thursday. C3.ai, Inc. has a 1-year low of $7.68 and a 1-year high of $19.80. The business has a 50 day simple moving average of $10.62 and a two-hundred day simple moving average of $9.77.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.06. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. The business had revenue of $52.38 million during the quarter, compared to analyst estimates of $52.06 million. During the same period last year, the firm posted ($0.37) EPS. The company’s revenue was down 25.4% on a year-over-year basis. Equities analysts predict that C3.ai, Inc. will post -2.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in C3.ai during the second quarter valued at $106,000. Engineers Gate Manager LP bought a new position in C3.ai during the second quarter valued at $2,855,000. Allworth Financial LP grew its stake in shares of C3.ai by 13.6% in the 2nd quarter. Allworth Financial LP now owns 26,660 shares of the company’s stock worth $242,000 after buying an additional 3,185 shares in the last quarter. Arizona State Retirement System grew its stake in shares of C3.ai by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 37,168 shares of the company’s stock worth $338,000 after buying an additional 1,310 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of C3.ai in the 2nd quarter worth $84,000. 38.96% of the stock is currently owned by institutional investors.

C3.ai News Summary

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

• Positive Sentiment: Northland Securities upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10, implying meaningful upside. The firm expects fiscal 2028 losses to narrow to $1.85 per share, with quarterly losses ranging from $0.51 to $0.42 per share. The upgrade cited the company’s enterprise AI platform launch. C3.ai rallies after Northland upgrades stock on enterprise AI platform launch
• Neutral Sentiment: C3.ai has attracted increased attention from Zacks users, which may support trading activity but does not by itself indicate improving fundamentals. C3.ai is Attracting Investor Attention
• Negative Sentiment: CEO Thomas Siebel sold 435,363 shares worth approximately $5.15 million, reducing his direct ownership by 37.61%. Although the sale was executed under a pre-arranged Rule 10b5-1 plan, its size can concern investors because it represents substantial insider selling. SEC filing for Thomas Siebel stock sale
• Negative Sentiment: CFO Hitesh Lath sold 20,000 shares for approximately $247,400, cutting his ownership by 6.15%. The transaction also occurred under a 10b5-1 plan, but combined executive selling adds near-term supply and may weigh on sentiment. SEC filing for Hitesh Lath stock sale
• Negative Sentiment: Despite the upgrade, Northland’s forecasts still call for significant losses across fiscal 2028, highlighting that C3.ai remains unprofitable and dependent on successful execution of its enterprise AI strategy.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of C3.ai from a “sell” rating to a “hold” rating in a report on Sunday. DA Davidson restated an “underperform” rating and set a $7.00 price objective on shares of C3.ai in a research report on Tuesday, September 1st. Citizens Jmp reaffirmed a “market perform” rating on shares of C3.ai in a report on Tuesday, September 29th. Finally, Citigroup reaffirmed a “market perform” rating on shares of C3.ai in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $9.36.

C3.ai Company Profile

C3.ai, Inc is an enterprise artificial intelligence software company that develops applications and tools designed to help organizations use AI and machine learning to analyze data, automate processes and support business decision-making. The company’s offerings are intended for large commercial enterprises, government agencies and other organizations managing complex operational and data environments.

Its product portfolio includes the C3 AI Platform, which provides capabilities for developing, deploying and operating AI applications, as well as prebuilt enterprise applications.