Latest news with #Siebel
Globe and Mail
6 days ago
- Business
- Globe and Mail
Why C3.ai Stock Plummeted Today
Key Points stock sank today after the company announced that it had started looking for its next CEO. Tom Siebel founded and has been its CEO ever since, but he is stepping back from the role due to health reasons. Wedbush Morgan thinks that Siebel's exit from the CEO position increases the chances that will be acquired. 10 stocks we like better than › (NYSE: AI) stock got hit with big sell-offs today after the company announced a major leadership change. The company's share price ended the daily session down 10.8% announced today that CEO Tom Siebel would be stepping down and that the company was in the process of looking for its next chief executive. With today's pullback, the company's stock is down roughly 24.5% across 2025's trading. stock sank following news of Siebel's exit published a press release today announcing that it had begun looking for a successor for CEO Tom Siebel. Due to health reasons, Siebel will be stepping down. Siebel founded the company in 2009, but he was diagnosed with an autoimmune disease earlier this year and has been dealing with visual impairment issues that are causing him to step down from the company's head leadership role. What's next for Wedbush Morgan published new coverage on today and stated that Siebel stepping down from the CEO role was a net negative and that the leadership transition increases the chances that the company will be acquired within the next three to 12 months. On the other hand, Wedbush maintained an outperform rating on the stock and kept a one-year price target of $35 per share. The price target implies upside of roughly 35% compared to the stock's valuation at today's market close. Despite strong valuation tailwinds for many artificial intelligence (AI) stocks this year, has seen significant pullbacks across 2025's trading. Sales increased roughly 36% year over year to hit $108.7 million in the fourth quarter of the company's last fiscal year, which ended April 30, but performance for its shares has lagged behind other big AI names due to profitability concerns. Should you invest $1,000 in right now? Before you buy stock in consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. *Stock Advisor returns as of July 21, 2025
Yahoo
6 days ago
- Business
- Yahoo
Why C3.ai Stock Plummeted Today
Key Points stock sank today after the company announced that it had started looking for its next CEO. Tom Siebel founded and has been its CEO ever since, but he is stepping back from the role due to health reasons. Wedbush Morgan thinks that Siebel's exit from the CEO position increases the chances that will be acquired. 10 stocks we like better than › (NYSE: AI) stock got hit with big sell-offs today after the company announced a major leadership change. The company's share price ended the daily session down 10.8% announced today that CEO Tom Siebel would be stepping down and that the company was in the process of looking for its next chief executive. With today's pullback, the company's stock is down roughly 24.5% across 2025's trading. stock sank following news of Siebel's exit published a press release today announcing that it had begun looking for a successor for CEO Tom Siebel. Due to health reasons, Siebel will be stepping down. Siebel founded the company in 2009, but he was diagnosed with an autoimmune disease earlier this year and has been dealing with visual impairment issues that are causing him to step down from the company's head leadership role. What's next for Wedbush Morgan published new coverage on today and stated that Siebel stepping down from the CEO role was a net negative and that the leadership transition increases the chances that the company will be acquired within the next three to 12 months. On the other hand, Wedbush maintained an outperform rating on the stock and kept a one-year price target of $35 per share. The price target implies upside of roughly 35% compared to the stock's valuation at today's market close. Despite strong valuation tailwinds for many artificial intelligence (AI) stocks this year, has seen significant pullbacks across 2025's trading. Sales increased roughly 36% year over year to hit $108.7 million in the fourth quarter of the company's last fiscal year, which ended April 30, but performance for its shares has lagged behind other big AI names due to profitability concerns. Should you invest $1,000 in right now? Before you buy stock in consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends The Motley Fool has a disclosure policy. Why Stock Plummeted Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
