C3.ai (NYSE:AI – Get Free Report)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Benzinga reports. They presently have a $10.00 price target on the stock. Canaccord Genuity Group’s price objective points to a potential downside of 4.83% from the stock’s previous close.
A number of other equities analysts have also commented on AI. Citizens Jmp reiterated a “market perform” rating on shares of C3.ai in a report on Thursday, June 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Thursday. Citigroup reiterated a “market perform” rating on shares of C3.ai in a research note on Thursday. Morgan Stanley increased their price target on C3.ai from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, June 4th. Finally, DA Davidson restated an “underperform” rating and set a $7.00 price objective on shares of C3.ai in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.09.
Check Out Our Latest Stock Analysis on C3.ai
C3.ai Stock Up 1.6%
C3.ai (NYSE:AI – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.06. The business had revenue of $52.38 million during the quarter, compared to the consensus estimate of $52.06 million. C3.ai had a negative net margin of 187.95% and a negative return on equity of 62.44%. The business’s quarterly revenue was down 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.37) earnings per share. Equities analysts expect that C3.ai will post -2.28 earnings per share for the current fiscal year.
Insider Activity at C3.ai
In other C3.ai news, CFO Hitesh Lath sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $10.00, for a total transaction of $200,000.00. Following the sale, the chief financial officer owned 363,106 shares in the company, valued at $3,631,060. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Thomas M. Siebel sold 453,314 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $10.51, for a total value of $4,764,330.14. Following the transaction, the chief executive officer directly owned 722,362 shares in the company, valued at approximately $7,592,024.62. This represents a 38.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,241,760 shares of company stock valued at $13,084,895 over the last three months. 26.50% of the stock is owned by insiders.
Hedge Funds Weigh In On C3.ai
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of C3.ai by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,469,953 shares of the company’s stock worth $195,055,000 after purchasing an additional 108,011 shares during the period. Royal Bank of Canada boosted its holdings in shares of C3.ai by 418.7% in the 1st quarter. Royal Bank of Canada now owns 177,527 shares of the company’s stock valued at $1,495,000 after buying an additional 143,303 shares during the period. Renaissance Technologies LLC acquired a new position in shares of C3.ai in the 1st quarter valued at about $934,000. Bank of America Corp DE grew its position in shares of C3.ai by 55.1% during the 1st quarter. Bank of America Corp DE now owns 3,282,183 shares of the company’s stock valued at $27,636,000 after buying an additional 1,166,302 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of C3.ai by 67.3% during the 1st quarter. First Trust Advisors LP now owns 1,215,341 shares of the company’s stock valued at $10,233,000 after buying an additional 488,710 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors.
C3.ai News Roundup
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: Quarterly results exceeded expectations. C3.ai reported a loss of $0.20 per share versus the consensus loss of $0.26, while revenue of $52.38 million narrowly topped the $52.06 million estimate. The loss also improved from $0.37 per share in the year-earlier quarter. C3.ai Reports Q1 Loss, Beats Revenue Estimates
- Positive Sentiment: Management highlighted early turnaround progress. Bookings reportedly increased 73%, and free cash flow turned positive, potentially improving confidence in CEO Thomas Siebel’s renewed efforts to restore consistent growth and move the company toward sustainable profitability. C3.ai Q1 2027: Free Cash Flow Turns Positive as Bookings Surge 73%
- Neutral Sentiment: Full-year guidance signals a wide range of outcomes. C3.ai forecast fiscal 2027 revenue of $210 million to $240 million. The midpoint is close to, but slightly below, analyst expectations of roughly $224 million, leaving investors focused on whether bookings convert into revenue. C3.ai Outlines FY2027 Revenue Guidance
- Negative Sentiment: Revenue remains under pressure. Quarterly sales fell approximately 25% year over year, and second-quarter revenue guidance of $51 million to $55 million was below the consensus estimate of $56.6 million. Persistent operating losses and a negative net margin reinforce concerns about the pace of the turnaround.
- Negative Sentiment: DA Davidson reaffirmed an Underperform rating and set a $7 price target, implying substantial downside from the recent trading level. The call highlights continuing skepticism about C3.ai’s growth execution despite the earnings beat. C3.ai Earns Underperform Rating from DA Davidson
About C3.ai
C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.
The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.
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