C3.ai, Inc. is a leading provider of enterprise AI software for accelerating digital transformation. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development.
Company profile
Ticker
AI
Exchange
Website
CEO
Thomas Siebel
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • Mobileye Global • Gen Digital • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee ...
Former names
C3 IoT, Inc., C3, Inc.
SEC CIK
Corporate docs
Subsidiaries
C3, Inc. • C3.ai Gov, Inc. • C3.ai International, Inc. • AI Press, Inc. • C3.ai France, S.A.S. • C3.ai UK Ltd. • C3.ai Italy S.r.l. • C3.ai Belgium SRL • C3.ai Japan K.K. • C3.ai Netherlands B.V. ...
IRS number
263999357
AI stock data
Analyst ratings and price targets
Current price
Average target
$16.00
Low target
$13.00
High target
$19.00
JMP Securities
Maintains
$19.00
Piper Sandler
Maintains
$13.00
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
7 Dec 22
8-K
C3 AI Announces Fiscal Second Quarter 2023 Financial Results
7 Dec 22
8-K
Submission of Matters to a Vote of Security Holders
7 Oct 22
10-Q
2023 Q1
Quarterly report
31 Aug 22
8-K
C3 AI Announces Fiscal First Quarter 2023 Financial Results
31 Aug 22
DEFA14A
Additional proxy soliciting materials
24 Aug 22
DEF 14A
Definitive proxy
24 Aug 22
S-8
Registration of securities for employees
22 Jun 22
10-K
2022 FY
Annual report
22 Jun 22
8-K
C3 AI Announces Fourth Quarter and Full Year Fiscal 2022 Financial Results
1 Jun 22
Transcripts
AI
Earnings call transcript
2023 Q2
8 Dec 22
AI
Earnings call transcript
2023 Q1
1 Sep 22
AI
Earnings call transcript
2022 Q4
2 Jun 22
AI
Earnings call transcript
2022 Q3
3 Mar 22
AI
Earnings call transcript
2022 Q2
2 Dec 21
AI
Earnings call transcript
2022 Q1
2 Sep 21
AI
Earnings call transcript
2021 Q4
3 Jun 21
AI
Earnings call transcript
2021 Q3
2 Mar 21
AI
Earnings call transcript
2020 Q2
31 Jul 20
AI
Earnings call transcript
2020 Q1
11 May 20
Financial summary
| Quarter (USD) | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | Apr 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 290.61 mm | 290.61 mm | 290.61 mm | 290.61 mm | 290.61 mm | 290.61 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 23.99 mm | 20.90 mm | 17.53 mm | 13.29 mm |
| Cash used (since last report) | n/a | n/a | 75.75 mm | 66.00 mm | 55.36 mm | 41.96 mm |
| Cash remaining | n/a | n/a | 214.86 mm | 224.61 mm | 235.26 mm | 248.66 mm |
| Runway (months of cash) | n/a | n/a | 9.0 | 10.7 | 13.4 | 18.7 |
Institutional ownership, Q3 2022
46.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 220 |
| Opened positions | 42 |
| Closed positions | 33 |
| Increased positions | 61 |
| Reduced positions | 64 |
| 13F shares | Current |
|---|---|
| Total value | 722.91 mm |
| Total shares | 49.65 mm |
| Total puts | 2.97 mm |
| Total calls | 1.85 mm |
| Total put/call ratio | 1.6 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 9.04 mm | $113.03 mm |
| BHI BAKER HUGHES a GE | 8.65 mm | $106.75 mm |
| BLK Blackrock | 5.72 mm | $71.47 mm |
| Thomas M Siebel | 5.55 mm | $173.38 mm |
| Renaissance Technologies | 2.96 mm | $37.05 mm |
| Geode Capital Management | 1.35 mm | $16.82 mm |
| Ardevora Asset Management | 1.14 mm | $14.24 mm |
| MS Morgan Stanley | 960.22 k | $12.00 mm |
| Tudor Investment Corp Et Al | 856.18 k | $10.70 mm |
| GS Goldman Sachs | 803.92 k | $10.05 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Feb 23 | Thomas M Siebel | Class A Common Stock | Gift | Acquire G | Yes | No | 0 | 33,500 | 0.00 | 3,583,894 |
| 2 Feb 23 | Thomas M Siebel | Class A Common Stock | Gift | Dispose G | No | No | 0 | 33,500 | 0.00 | 1,756,390 |
| 1 Feb 23 | Juho Parkkinen | Class A Common Stock | Sell | Dispose S | No | Yes | 19.99 | 2,131 | 42.60 k | 346,993 |
| 1 Feb 23 | Juho Parkkinen | Class A Common Stock | Sell | Dispose S | No | No | 19.92 | 2,447 | 48.74 k | 349,124 |
| 1 Feb 23 | Thomas M Siebel | Class A Common Stock | Payment of exercise | Dispose F | No | No | 21.68 | 19,625 | 425.47 k | 1,789,890 |
| 1 Feb 23 | Thomas M Siebel | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 53,125 | 0.00 | 1,809,515 |
| 1 Feb 23 | Thomas M Siebel | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 53,125 | 0.00 | 690,625 |
| 27 Dec 22 | Juho Parkkinen | Class A Common Stock | Sell | Dispose S | No | Yes | 10.61 | 288 | 3.06 k | 351,571 |
| 27 Dec 22 | Juho Parkkinen | Class A Common Stock | Sell | Dispose S | No | No | 10.7 | 270 | 2.89 k | 351,859 |
| 20 Dec 22 | Thomas M Siebel | Class B Common Stock Class A Common Stock | Gift | Acquire G | Yes | No | 0 | 13,228 | 0.00 | 2,072,820 |
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Press releases
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3 Feb 23
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