Why C3.ai Stock Lost 18% in November

Why C3.ai Stock Lost 18% in November
·2 min read
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  • Thomas Siebel
    American businessman

C3.ai (NYSE: AI), an AI-focused software-as-a-service (SaaS) company, was sliding again in November as a large insider sale seemed to trigger a wave of selling and because of broader headwinds against growth stocks over concerns about tightening monetary policy and rising interest rates. The culprit was insider selling by CEO Thomas Siebel, who dumped approximately 600,000 shares, or roughly $30 million worth of C3.ai stock at the time. In reality, there are a lot of reasons why an insider might sell, including the need for money for something else, but the stock sale is not a good look for Siebel or the company, especially with most shareholders in the red.

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