C3.ai (NYSE:AI) Hits New 52-Week Low – What’s Next?

Shares of C3.ai, Inc. (NYSE:AI) reached a new 52-week low on Wednesday . The stock traded as low as $14.65 and last traded at $14.7950, with a volume of 3063228 shares. The stock had previously closed at $15.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AI. Oppenheimer restated a “market perform” rating on shares of C3.ai in a research report on Tuesday, August 12th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of C3.ai in a report on Wednesday, October 8th. UBS Group lifted their target price on C3.ai from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Finally, Northland Securities downgraded shares of C3.ai from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $22.09.

C3.ai Price Performance

The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -5.69 and a beta of 1.96. The firm has a fifty day simple moving average of $17.45 and a two-hundred day simple moving average of $21.20.

C3.ai (NYSE:AI) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.65). C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $104.02 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. C3.ai has set its Q2 2026 guidance at EPS. Equities analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Hitesh Lath sold 46,881 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total transaction of $796,508.19. Following the completion of the transaction, the chief financial officer owned 209,154 shares of the company’s stock, valued at $3,553,526.46. This trade represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Thomas M. Siebel sold 566,125 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $17.23, for a total transaction of $9,754,333.75. Following the transaction, the chairman owned 2,510,102 shares of the company’s stock, valued at $43,249,057.46. This represents a 18.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,774,973 shares of company stock worth $31,388,294. 26.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On C3.ai

A number of institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC boosted its stake in shares of C3.ai by 22.7% in the second quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock worth $66,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in C3.ai by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company’s stock valued at $138,000 after acquiring an additional 510 shares during the period. ProShare Advisors LLC lifted its holdings in C3.ai by 2.4% in the second quarter. ProShare Advisors LLC now owns 25,548 shares of the company’s stock valued at $628,000 after acquiring an additional 593 shares during the period. Moors & Cabot Inc. boosted its position in C3.ai by 5.2% in the 2nd quarter. Moors & Cabot Inc. now owns 14,263 shares of the company’s stock worth $350,000 after purchasing an additional 700 shares in the last quarter. Finally, Probity Advisors Inc. grew its stake in shares of C3.ai by 4.4% during the 1st quarter. Probity Advisors Inc. now owns 17,444 shares of the company’s stock worth $367,000 after purchasing an additional 738 shares during the period. Hedge funds and other institutional investors own 38.96% of the company’s stock.

About C3.ai

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.