State of New Jersey Common Pension Fund D Has $2.04 Million Stock Holdings in C3.ai, Inc. $AI

State of New Jersey Common Pension Fund D grew its position in shares of C3.ai, Inc. (NYSE:AI) by 15.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,862 shares of the company’s stock after purchasing an additional 10,894 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of C3.ai worth $2,036,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of C3.ai by 53.7% during the second quarter. Blue Trust Inc. now owns 2,329 shares of the company’s stock valued at $57,000 after purchasing an additional 814 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of C3.ai by 48.7% during the first quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock valued at $51,000 after purchasing an additional 800 shares in the last quarter. Optimum Investment Advisors lifted its stake 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 worth $56,000 after acquiring an additional 700 shares during the period. Bogart Wealth LLC lifted its stake in shares of C3.ai by 22.7% in the second quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in shares of C3.ai in the second quarter worth approximately $71,000. 38.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AI has been the topic of a number of recent analyst reports. Westpark Capital raised C3.ai to a “strong-buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, July 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, September 4th. Wall Street Zen lowered C3.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. KeyCorp cut their price objective 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. Finally, Canaccord Genuity Group cut their price objective on C3.ai from $28.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 5th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $22.09.

Insider Buying and Selling at C3.ai

In other news, EVP Robert David Schilling sold 470,420 shares of the business’s stock in a transaction that occurred 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 hyperlink. Also, CEO Thomas M. Siebel sold 577,678 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $16.78, for a total value of $9,693,436.84. Following the sale, the chief executive officer owned 2,973,572 shares of the company’s stock, valued at approximately $49,896,538.16. This represents a 16.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,661,106 shares of company stock valued at $48,255,922. 26.50% of the stock is currently owned by company insiders.

C3.ai Stock Performance

Shares of AI opened at $17.54 on Thursday. C3.ai, Inc. has a 52-week low of $14.70 and a 52-week high of $45.08. The business’s 50 day moving average price is $17.60 and its two-hundred day moving average price is $21.45. The firm has a market cap of $2.42 billion, a PE ratio of -6.75 and a beta of 1.96.

C3.ai (NYSE:AI) last issued its quarterly earnings results 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 analyst estimates of $104.02 million. During the same period last year, the firm posted ($0.05) earnings per share. C3.ai’s quarterly revenue was down 19.4% compared to the same quarter last year. C3.ai has set its Q2 2026 guidance at EPS. Research analysts predict that C3.ai, Inc. will post -2.44 EPS 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.