C3.ai CFO Hitesh Lath sells $247,399 in company stock

Hitesh Lath, Chief Financial Officer of C3.ai, Inc. (NASDAQ:AI), sold 20,000 shares of the company’s Class A Common Stock on October 12, 2026. The transaction totaled $247,399, with shares sold at a price of $12.37 each. This sale was conducted pursuant to a previously established Rule 10b5-1 trading plan. The stock currently trades at $11.67, down from Lath’s sale price, with the company carrying a market capitalization of $1.93 billion.

Following this transaction, Lath directly holds 305,250 shares of C3.ai Class A Common Stock. Additionally, 45,786 shares are held indirectly through The Lath Family Revocable Trust, where Lath is a trustee. The stock has shown strong momentum with a 23% gain over the past six months, though InvestingPro analysis indicates the company remains unprofitable with an EPS of -$3.07. According to InvestingPro’s Fair Value analysis, the stock appears overvalued at current levels. Investors seeking deeper insights can access C3.ai’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, along with 10 additional ProTips for this stock.

In other recent news, C3.ai has reported significant developments that may interest investors. UBS reiterated a Neutral rating for C3.ai, highlighting the company’s federal bookings of approximately $39 million in the first quarter of fiscal 2027, compared to $16 million in the same period of fiscal 2026. UBS anticipates that the conversion of these bookings to revenue could support a return to positive growth in the third quarter ending in January. Meanwhile, Northland upgraded C3.ai to Outperform from Market Perform, citing the company’s new C3 Code platform as a potential growth engine. This platform reportedly reduces the time to develop AI applications, enhancing customer onboarding and expansion.

Yorkville Ives initiated coverage on C3.ai with an In Line rating, noting that the company’s previous execution challenges are largely behind it. The firm suggests that while the company’s shares currently reflect stabilization, there is not yet evidence of durable growth. JMP Securities maintained a Market Perform rating on C3.ai following a visit to the company’s headquarters, where discussions with key executives took place. These recent developments reflect a mix of cautious optimism and strategic advancements for C3.ai.