Allianz Asset Management GmbH Sells 9,144 Shares of C3.ai, Inc. $AI

Allianz Asset Management GmbH lowered its position in C3.ai, Inc. (NYSE:AI) by 39.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,206 shares of the company’s stock after selling 9,144 shares during the quarter. Allianz Asset Management GmbH’s holdings in C3.ai were worth $349,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position 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 worth $51,000 after acquiring an additional 800 shares during the period. Optimum Investment Advisors lifted its position in shares of C3.ai by 35.6% in the 1st quarter. Optimum Investment Advisors now owns 2,668 shares of the company’s stock worth $56,000 after acquiring an additional 700 shares during the period. Blue Trust Inc. lifted its position in shares of C3.ai by 53.7% in the 2nd quarter. Blue Trust Inc. now owns 2,329 shares of the company’s stock worth $57,000 after acquiring an additional 814 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in shares of C3.ai in the 2nd quarter worth approximately $71,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in C3.ai in the 2nd quarter valued at $103,000. Institutional investors own 38.96% of the company’s stock.

C3.ai Stock Performance

Shares of AI opened at $18.08 on Wednesday. The stock has a fifty day moving average price of $17.59 and a two-hundred day moving average price of $21.47. C3.ai, Inc. has a 52-week low of $14.70 and a 52-week high of $45.08. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -6.95 and a beta of 1.96.

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

Insider Transactions at C3.ai

In other news, EVP Robert David Schilling sold 470,420 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $17.29, for a total transaction of $8,133,561.80. Following the completion of the sale, the executive vice president owned 1,011,327 shares in the company, valued at $17,485,843.83. The trade was a 31.75% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $18.82, for a total value of $10,441,373.64. Following the sale, the chairman owned 1,955,300 shares of the company’s stock, valued at approximately $36,798,746. The trade was a 22.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,661,106 shares of company stock worth $48,255,922 over the last 90 days. 26.50% of the stock is owned by insiders.

Analysts Set New Price Targets

AI has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of C3.ai in a research note on Wednesday, October 8th. DA Davidson reaffirmed an “underperform” rating and issued a $13.00 price target (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. JMP Securities decreased their price target on C3.ai from $30.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Thursday, September 4th. Finally, KeyCorp decreased their price target on C3.ai from $18.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, September 4th. One investment 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 given a Sell rating to the company’s 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.