Handelsbanken Fonder AB Cuts Stock Position in C3.ai, Inc. $AI

Handelsbanken Fonder AB lessened its holdings in C3.ai, Inc. (NYSE:AI) by 32.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,100 shares of the company’s stock after selling 12,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in C3.ai were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AI. NewEdge Advisors LLC boosted its holdings 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 buying an additional 800 shares during the last quarter. Blue Trust Inc. raised its position in C3.ai by 53.7% in the second 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. Bogart Wealth LLC boosted its stake in C3.ai by 22.7% in the second quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock valued at $66,000 after acquiring an additional 500 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in C3.ai in the second quarter valued at about $71,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of C3.ai during the 2nd quarter valued at approximately $103,000. 38.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other C3.ai news, CFO Hitesh Lath sold 46,881 shares of the 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 sale, the chief financial officer directly owned 209,154 shares in the company, 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 firm’s stock in a transaction on Wednesday, October 1st. The shares were 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 approximately $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 90 days, insiders have sold 2,318,679 shares of company stock valued at $39,674,373. Company insiders own 26.50% of the company’s stock.

C3.ai Stock Performance

NYSE:AI opened at $14.39 on Friday. The business’s fifty day moving average is $16.74 and its 200 day moving average is $20.41. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -5.53 and a beta of 1.96. C3.ai, Inc. has a 52-week low of $12.59 and a 52-week high of $45.08.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AI shares. Wall Street Zen downgraded C3.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. UBS Group boosted their target price on C3.ai from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, September 12th. DA Davidson reiterated an “underperform” rating and set a $13.00 price target (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. 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 note on Tuesday, August 12th. Finally, Northland Capmk downgraded shares of C3.ai from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, C3.ai currently has a consensus rating of “Reduce” and a consensus price target 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.