Concurrent Investment Advisors LLC Sells 3,838 Shares of C3.ai, Inc. $AI

Concurrent Investment Advisors LLC cut its holdings in shares of C3.ai, Inc. (NYSE:AI) by 26.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,641 shares of the company’s stock after selling 3,838 shares during the period. Concurrent Investment Advisors LLC’s holdings in C3.ai were worth $261,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in C3.ai by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock worth $282,228,000 after acquiring an additional 471,521 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in C3.ai by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,157,303 shares of the company’s stock worth $45,414,000 after acquiring an additional 91,923 shares during the last quarter. Bank of New York Mellon Corp grew its position in C3.ai by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 719,259 shares of the company’s stock worth $15,140,000 after acquiring an additional 23,366 shares during the last quarter. Vident Advisory LLC grew its position in C3.ai by 3,935.9% during the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company’s stock worth $11,967,000 after acquiring an additional 554,406 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in C3.ai during the 1st quarter worth approximately $8,206,000. 38.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of C3.ai in a research report on Wednesday, October 8th. Wall Street Zen lowered C3.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Morgan Stanley decreased their price objective on C3.ai from $22.00 to $11.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 9th. Oppenheimer reiterated a “market perform” rating on shares of C3.ai in a research report on Tuesday, August 12th. Finally, Westpark Capital upgraded C3.ai to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 9th. 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.com, the company currently has a consensus rating of “Reduce” and an average price target of $22.09.

Insider Activity

In other news, CFO Hitesh Lath sold 46,881 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $16.99, for a total value of $796,508.19. Following the transaction, the chief financial officer owned 209,154 shares of the company’s stock, valued at $3,553,526.46. This represents a 18.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert David Schilling sold 470,420 shares of the 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 trade represents a 31.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,661,106 shares of company stock valued at $48,255,922 in the last 90 days. 26.50% of the stock is owned by company insiders.

C3.ai Stock Up 4.0%

AI stock opened at $18.41 on Tuesday. The business’s fifty day moving average is $17.57 and its 200-day moving average is $21.54. The company has a market cap of $2.54 billion, a P/E ratio of -7.08 and a beta of 1.96. C3.ai, Inc. has a twelve month low of $14.70 and a twelve month high of $45.08.

C3.ai (NYSE:AI) last posted its quarterly earnings results 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 company had revenue of $70.26 million during the quarter, compared to analyst estimates of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. Research analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

C3.ai Company 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.