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C3.ai Founder Thomas Siebel Sells $7.6 Million in Stock After Difficult Year
Yahoo Finance· 2026-01-08 15:47
Company Overview - C3.ai is a technology company specializing in enterprise artificial intelligence software, targeting large enterprises across various sectors including oil and gas, manufacturing, financial services, defense, healthcare, and telecommunications [1][7] - The company offers a range of AI software platforms and applications, such as the C3 AI Application Platform, Ex Machina, CRM, and Data Vision, focusing on solutions for inventory optimization, supply chain risk, predictive maintenance, and fraud detection [1] Recent Transactions - Thomas Siebel, the founder and executive chairman of C3.ai, sold 532,832 shares over two open-market transactions on December 16 and 17, 2025, for approximately $7.6 million [5][6] - The weighted average sale price was around $14.33 per share, while the stock closed at $14.05 on December 17, 2025, following a one-year decline of 58.77% in C3.ai shares [2][9] Financial Performance - C3.ai reported fiscal second-quarter revenue of $75.1 million, which represents a 7% sequential increase, driven by strong federal government business despite commercial softness [10] - The company has faced significant challenges, with its stock price dropping from a 52-week high of $38.58 to around $14, and a 52-week low of $12.59 [9] Ownership Changes - Since March 2025, Siebel has executed 18 sell trades, with a cumulative decline of over 7.3 million shares (91%) in his holdings [3] - All shares sold were through indirect entities, primarily The Siebel Living Trust, with Siebel's direct holdings remaining unchanged at 722,362 shares post-transaction [4][6] Market Context - The sales occurred during a turbulent period for C3.ai, which has been navigating operational challenges and persistent losses [8][11] - Long-term investors may find potential opportunities in C3.ai's federal momentum and stabilizing operations, although execution challenges remain a concern [11]