Wealth Enhancement Advisory Services LLC Sells 1,199 Shares of C3.ai, Inc. $AI

Wealth Enhancement Advisory Services LLC trimmed its stake in C3.ai, Inc. (NYSE:AI) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,613 shares of the company’s stock after selling 1,199 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in C3.ai were worth $428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in C3.ai by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company’s stock valued at $138,000 after purchasing an additional 510 shares during the last quarter. Optimum Investment Advisors lifted its position in shares of C3.ai by 35.6% in the first quarter. Optimum Investment Advisors now owns 2,668 shares of the company’s stock valued at $56,000 after acquiring an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of C3.ai by 2.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,460 shares of the company’s stock valued at $773,000 after buying an additional 708 shares during the last quarter. Probity Advisors Inc. grew its holdings in C3.ai by 4.4% in the 1st quarter. Probity Advisors Inc. now owns 17,444 shares of the company’s stock valued at $367,000 after buying an additional 738 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of 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 buying an additional 800 shares during the period. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of C3.ai in a report on Saturday, September 27th. Westpark Capital upgraded shares of C3.ai to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of C3.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday, September 4th. Finally, KeyCorp reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, C3.ai presently has an average rating of “Reduce” and a consensus price target of $22.09.

C3.ai Trading Up 2.6%

Shares of AI stock opened at $19.66 on Tuesday. The company has a market cap of $2.71 billion, a PE ratio of -7.56 and a beta of 1.96. The company’s fifty day simple moving average is $18.35 and its 200-day simple moving average is $21.76. C3.ai, Inc. has a 52 week low of $14.70 and a 52 week high of $45.08.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The company 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% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Equities research analysts expect that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Insider Activity at C3.ai

In other news, EVP Robert David Schilling sold 470,420 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $17.29, for a total value of $8,133,561.80. Following the completion of the transaction, the executive vice president directly owned 1,011,327 shares in the company, valued at approximately $17,485,843.83. This represents a 31.75% 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 this link. Also, Chairman Thomas M. Siebel sold 566,125 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $17.23, for a total transaction of $9,754,333.75. Following the sale, the chairman directly owned 2,510,102 shares of the company’s stock, valued at approximately $43,249,057.46. The trade was a 18.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,695,772 shares of company stock worth $54,661,544. 26.50% of the stock is currently owned by company insiders.

About C3.ai

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.