Shares of C3.ai, Inc. (NYSE:AI – Get Free Report) have received an average recommendation of “Reduce” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.9231.
AI has been the topic of several research reports. Morgan Stanley raised their target price on shares of C3.ai from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a report on Thursday. UBS Group raised their target price on shares of C3.ai from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of C3.ai in a report on Thursday. Finally, Canaccord Genuity Group raised their target price on shares of C3.ai from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday.
View Our Latest Report on C3.ai
C3.ai Stock Down 1.6%
C3.ai (NYSE:AI – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.05. C3.ai had a negative net margin of 187.95% and a negative return on equity of 60.20%. The firm had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.60 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was down 52.5% on a year-over-year basis. As a group, sell-side analysts anticipate that C3.ai will post -2.47 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Thomas M. Siebel sold 17,350 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $11.32, for a total value of $196,402.00. Following the sale, the chief executive officer owned 6,904,415 shares in the company, valued at approximately $78,157,977.80. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen Bradley Ehikian sold 52,194 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $8.22, for a total transaction of $429,034.68. Following the completion of the sale, the chief executive officer owned 721,485 shares in the company, valued at $5,930,606.70. This represents a 6.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,610,039 shares of company stock worth $13,935,574. 26.50% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of C3.ai by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,469,953 shares of the company’s stock worth $195,055,000 after acquiring an additional 108,011 shares during the last quarter. Morgan Stanley boosted its stake in shares of C3.ai by 1.9% during the 4th quarter. Morgan Stanley now owns 4,824,499 shares of the company’s stock worth $65,034,000 after acquiring an additional 91,802 shares during the last quarter. Bank of America Corp DE boosted its stake 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 worth $27,636,000 after acquiring an additional 1,166,302 shares during the last quarter. State Street Corp boosted its stake in shares of C3.ai by 3.3% during the 4th quarter. State Street Corp now owns 2,976,389 shares of the company’s stock worth $40,122,000 after acquiring an additional 94,086 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of C3.ai by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,868,578 shares of the company’s stock worth $38,675,000 after acquiring an additional 21,451 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.
More C3.ai News
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: C3.ai beat fiscal Q4 expectations with a smaller loss than analysts expected and revenue of $51.6 million that matched or slightly topped estimates, helping boost sentiment around the stock. C3.ai Inc (AI) Q4 2026 Earnings Call Highlights: Navigating Challenges and Strategic Restructuring
- Positive Sentiment: Management’s FY2027 guidance and Q1 outlook were viewed as constructive, with revenue targets roughly in line with or slightly above consensus, suggesting the company may stabilize after a steep revenue decline. C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2026 Results
- Positive Sentiment: Wedbush reaffirmed an outperform rating and UBS lifted its price target, while UBS also said C3.ai could return to growth in the second half of fiscal 2027, reinforcing the turnaround narrative. C3.ai Seen Returning to Growth in Second Half of Fiscal 2027, UBS Says
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.
Recommended Stories
- Five stocks we like better than C3.ai
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for C3.ai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C3.ai and related companies with MarketBeat.com's FREE daily email newsletter.
