Bank of New York Mellon Corp Reduces Position in C3.ai, Inc. $AI

Bank of New York Mellon Corp reduced its stake in C3.ai, Inc. (NYSE:AI) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 537,727 shares of the company’s stock after selling 181,532 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.40% of C3.ai worth $13,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Liontrust Investment Partners LLP grew its stake in shares of C3.ai by 203.2% during the 1st quarter. Liontrust Investment Partners LLP now owns 144,288 shares of the company’s stock valued at $3,037,000 after acquiring an additional 96,695 shares during the period. Zweig DiMenna Associates LLC bought a new stake in C3.ai during the 1st quarter worth approximately $274,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in C3.ai during the first quarter valued at approximately $668,000. Banque Cantonale Vaudoise purchased a new position in C3.ai during the first quarter valued at approximately $390,000. Finally, 111 Capital bought a new position in shares of C3.ai in the second quarter worth approximately $714,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

C3.ai Stock Up 2.2%

Shares of C3.ai stock opened at $13.73 on Wednesday. C3.ai, Inc. has a twelve month low of $13.19 and a twelve month high of $45.08. The business has a 50-day moving average price of $17.27 and a 200-day moving average price of $20.91. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -5.28 and a beta of 1.96.

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

Analyst Ratings Changes

Several analysts have recently commented on AI shares. JMP Securities decreased their price objective on shares of C3.ai from $30.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Thursday, September 4th. UBS Group increased their price target on C3.ai from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Northland Securities cut C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price target on the stock. in a report on Tuesday, August 12th. Northland Capmk lowered C3.ai from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, KeyCorp cut their target price on 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $22.09.

Insider Activity

In other C3.ai news, Chairman Thomas M. Siebel sold 566,125 shares of the 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 completion of the transaction, the chairman owned 2,510,102 shares in the company, valued at $43,249,057.46. This trade represents a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert David Schilling sold 470,420 shares of C3.ai 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 transaction, the executive vice president directly owned 1,011,327 shares of the company’s stock, valued at $17,485,843.83. The trade was a 31.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,318,679 shares of company stock worth $39,674,373. 26.50% of the stock is currently owned by 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.