Rhumbline Advisers Sells 3,408 Shares of C3.ai, Inc. $AI

Rhumbline Advisers reduced its position in shares of C3.ai, Inc. (NYSE:AI) by 2.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,970 shares of the company’s stock after selling 3,408 shares during the quarter. Rhumbline Advisers owned 0.12% of C3.ai worth $3,431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Two Sigma Investments LP bought a new stake in shares of C3.ai in the fourth quarter worth approximately $42,306,000. Two Sigma Advisers LP purchased a new position in shares of C3.ai in the fourth quarter worth $30,725,000. Vident Advisory LLC increased its position in C3.ai by 3,935.9% in the first quarter. Vident Advisory LLC now owns 568,492 shares of the company’s stock worth $11,967,000 after purchasing an additional 554,406 shares during the last quarter. Vanguard Group Inc. increased its position in C3.ai by 3.6% during the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock valued at $282,228,000 after acquiring an additional 471,521 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of C3.ai in the first quarter worth about $8,206,000. 38.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other C3.ai news, CFO Hitesh Lath sold 17,689 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $24.96, for a total value of $441,517.44. Following the transaction, the chief financial officer owned 166,218 shares in the company, valued at approximately $4,148,801.28. This trade represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas M. Siebel sold 589,468 shares of the firm’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $28.58, for a total value of $16,846,995.44. Following the completion of the transaction, the chief executive officer owned 3,227,334 shares in the company, valued at $92,237,205.72. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,630,035 shares of company stock worth $36,418,658 in the last 90 days. 26.50% of the stock is currently owned by insiders.

C3.ai Stock Performance

Shares of AI stock opened at $17.49 on Tuesday. The stock’s fifty day moving average is $21.14 and its two-hundred day moving average is $22.18. The firm has a market capitalization of $2.35 billion, a P/E ratio of -6.73 and a beta of 1.96. C3.ai, Inc. has a fifty-two week low of $14.70 and a fifty-two week high of $45.08.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.65). The firm had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. On average, equities analysts forecast that C3.ai, Inc. will post -2.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AI. JMP Securities lowered their price objective on shares of C3.ai from $30.00 to $24.00 and set a “market outperform” rating for the company in a research note on Thursday, September 4th. KeyCorp decreased their price objective on shares of C3.ai from $18.00 to $10.00 and set an “underweight” rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of C3.ai from $27.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, May 29th. Westpark Capital upgraded shares of C3.ai to a “strong-buy” rating and set a $40.00 price target on the stock in a report on Wednesday, July 9th. Finally, Wall Street Zen cut shares of C3.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $22.09.

C3.ai Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.