DA Davidson reiterated their underperform rating on shares of C3.ai (NYSE:AI – Free Report) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $7.00 price objective on the stock.
AI has been the subject of several other research reports. Weiss Ratings upgraded C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Morgan Stanley increased their price objective on C3.ai from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 4th. Citizens Jmp reiterated a “market perform” rating on shares of C3.ai in a research note on Thursday, June 4th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a report on Thursday, June 4th. Finally, UBS Group boosted their target price on shares of C3.ai from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $8.70.
Get Our Latest Stock Report on C3.ai
C3.ai Stock Up 4.0%
C3.ai (NYSE:AI – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.06. C3.ai had a negative return on equity of 60.82% and a negative net margin of 192.10%.The company had revenue of $52.38 million for the quarter, compared to the consensus estimate of $52.06 million. During the same period in the previous year, the business earned ($0.37) earnings per share. The company’s quarterly revenue was down 25.4% on a year-over-year basis. On average, research analysts expect that C3.ai will post -2.28 EPS for the current year.
Insider Buying and Selling at C3.ai
In other news, CFO Hitesh Lath sold 48,619 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $8.77, for a total transaction of $426,388.63. Following the completion of the sale, the chief financial officer owned 383,106 shares in the company, valued at $3,359,839.62. The trade was a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen Ehikian sold 50,542 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.45, for a total value of $477,621.90. Following the transaction, the chief executive officer directly owned 651,130 shares in the company, valued at $6,153,178.50. This trade represents a 7.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 1,258,650 shares of company stock worth $13,258,862. Insiders own 26.50% of the company’s stock.
Institutional Trading of C3.ai
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AI. Western Wealth Management LLC acquired a new position in C3.ai during the 1st quarter valued at about $26,000. Larson Financial Group LLC grew its position in shares of C3.ai by 683.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock worth $26,000 after buying an additional 1,292 shares during the period. Farther Finance Advisors LLC grew its position in shares of C3.ai by 66.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock worth $29,000 after buying an additional 852 shares during the period. Parallel Advisors LLC raised its stake in shares of C3.ai by 76.4% during the third quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock worth $32,000 after buying an additional 801 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of C3.ai by 839.1% during the fourth quarter. Comerica Bank now owns 2,423 shares of the company’s stock worth $33,000 after buying an additional 2,165 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting C3.ai
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: C3.ai reported a quarterly loss of $0.20 per share, better than the expected $0.26 loss, while revenue of $52.4 million slightly exceeded estimates. The company also said bookings increased 73% sequentially, suggesting early benefits from its sales-force restructuring and product refocus. C3.ai Bookings Jumped 73% and Free Cash Flow Turned Positive
- Positive Sentiment: Free cash flow turned positive, and C3.ai ended the period with approximately $650 million in cash. Supporters view the liquidity as providing runway to execute CEO Thomas Siebel’s turnaround plan and pursue federal-sector opportunities. C3 AI Q1 Fiscal 2027 Bookings Jump 73% as Free Cash Flow Turns Positive
- Positive Sentiment: Seeking Alpha upgraded C3.ai to Buy, citing stronger bookings, renewed customer momentum and the founder’s return to leadership as early signs that the turnaround may be gaining traction. C3.ai: Early Turnaround Signals Are Here
C3.ai Company Profile
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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