TLDR: LPL Financial LLC has significantly increased its holdings in C3.ai, Inc. (NYSE:AI), an enterprise AI software company, by acquiring an additional 28,114 shares. This move, which boosts LPL Financial’s total stake to 174,105 shares valued at $3.665 million, reflects a broader trend of institutional investors adjusting their positions in C3.ai. The company, known for its AI applications for corporate and government entities, recently reported strong revenue growth but continues to navigate profitability challenges and a leadership transition.
LPL Financial LLC has expanded its investment in C3.ai, Inc. (NYSE:AI), an artificial intelligence software provider, by purchasing an additional 28,114 shares during the first quarter. This acquisition represents a 19.3% increase in LPL Financial’s stake, bringing their total ownership to 174,105 shares. As of its most recent Form 13F filing with the Securities & Exchange Commission, LPL Financial’s holding in C3.ai is valued at approximately $3,665,000, constituting 0.13% of the company’s stock.
This move by LPL Financial is part of a wider pattern of institutional investors modifying their positions in C3.ai. Several other hedge funds and institutional investors have also made notable adjustments. Garde Capital Inc., Orion Capital Management LLC, CX Institutional, and Raiffeisen Bank International AG all acquired new stakes in C3.ai, with values ranging from $29,000 to $36,000. Larger investments include Two Sigma Investments LP and Man Group plc, which bought new positions worth approximately $42,306,000 and $38,455,000 respectively. Northern Trust Corp significantly grew its holdings by 28.7%, now owning 1,055,075 shares valued at $36,326,000, while Bank of New York Mellon Corp increased its stake by 3.4% to 719,259 shares worth $15,140,000. Overall, institutional investors and hedge funds collectively own 38.96% of C3.ai’s stock.
C3.ai, which specializes in enterprise AI applications for corporate and government organizations, has seen its stock open at $17.86 recently. The company’s shares have experienced significant fluctuation over the past year, with a one-year low of $14.70 and a one-year high of $45.08. C3.ai currently holds a market capitalization of $2.40 billion.
Financially, C3.ai reported a quarterly earnings per share (EPS) of ($0.16), surpassing the consensus estimate of ($0.20). The company’s revenue for the quarter reached $108.72 million, slightly exceeding analyst estimates of $107.85 million. For the full fiscal year 2025, C3.ai reported record revenue of $389.1 million, marking a 25% year-over-year increase. Despite this revenue growth, the company continues to face profitability challenges, ending fiscal 2025 with an operating loss of $324.4 million. However, management expects to achieve positive free-cash-flow (FCF) by next year, having improved from a negative FCF of $90.4 million in the prior year to negative $44.4 million in fiscal 2025. The company’s balance sheet remains strong with $1 billion in total assets, including $742.7 million in cash, cash equivalents, and short-term investments.
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In a significant development, C3.ai’s founder and CEO, Thomas Siebel, announced his decision to step down for health reasons, with the company actively searching for a successor. This leadership transition comes as C3.ai forecasts continued growth, projecting fiscal 2026 sales to be between $447.5 million and $484.5 million.
