IFP Advisors Inc Reduces Stake in C3.ai, Inc. $AI

IFP Advisors Inc cut its holdings in shares of C3.ai, Inc. (NYSE:AI) by 43.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,890 shares of the company’s stock after selling 2,178 shares during the period. IFP Advisors Inc’s holdings in C3.ai were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vident Advisory LLC increased 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 valued at $11,967,000 after purchasing an additional 554,406 shares during the period. Vanguard Group Inc. lifted its position in shares of C3.ai by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock worth $282,228,000 after purchasing an additional 471,521 shares during the period. Federated Hermes Inc. bought a new stake in shares of C3.ai during the 1st quarter valued at about $8,206,000. Nuveen LLC purchased a new position in shares of C3.ai during the first quarter valued at about $5,529,000. Finally, Tiller Private Wealth Inc. bought a new position in C3.ai in the second quarter worth about $5,300,000. Institutional investors own 38.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AI. Northland Securities cut C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of C3.ai in a research note on Wednesday, October 8th. Westpark Capital raised C3.ai to a “strong-buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, July 9th. KeyCorp decreased their price objective on C3.ai from $18.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, September 4th. Finally, Canaccord Genuity Group dropped their target price on shares of C3.ai from $28.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $22.09.

Insider Transactions at C3.ai

In other news, CFO Hitesh Lath sold 46,881 shares of C3.ai stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total value of $796,508.19. Following the completion of the sale, the chief financial officer directly owned 209,154 shares in the company, valued at $3,553,526.46. The trade was a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Thomas M. Siebel sold 554,802 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $18.82, for a total transaction of $10,441,373.64. Following the transaction, the chairman owned 1,955,300 shares in the company, valued at approximately $36,798,746. This trade represents a 22.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,661,106 shares of company stock worth $48,255,922 over the last three months. 26.50% of the stock is currently owned by company insiders.

C3.ai Price Performance

AI opened at $18.41 on Tuesday. The firm has a market cap of $2.54 billion, a PE ratio of -7.08 and a beta of 1.96. The stock has a 50-day moving average price of $17.57 and a 200-day moving average price of $21.54. C3.ai, Inc. has a 1 year low of $14.70 and a 1 year high of $45.08.

C3.ai (NYSE:AI) last announced 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 firm had revenue of $70.26 million for 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 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 posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current year.

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.