C3.ai (NYSE:AI) Given Market Perform Rating at Citizens Jmp
by Danessa Lincoln · The Markets DailyC3.ai (NYSE:AI – Get Free Report)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Citizens Jmp in a note issued to investors on Thursday,Benzinga reports.
Several other brokerages also recently weighed in on AI. BMO Capital Markets set a $7.00 price target on C3.ai in a report on Thursday, February 26th. Weiss Ratings raised C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Thursday. Canaccord Genuity Group lifted their target price on C3.ai from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, UBS Group reaffirmed a “reduce” rating on shares of C3.ai in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $12.85.
Check Out Our Latest Analysis on C3.ai
C3.ai Stock Performance
Shares of NYSE AI opened at $10.71 on Thursday. The business’s 50 day moving average price is $9.10 and its 200-day moving average price is $11.16. C3.ai has a fifty-two week low of $7.68 and a fifty-two week high of $30.11. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -3.40 and a beta of 2.04.
C3.ai (NYSE:AI – Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.05. C3.ai had a negative return on equity of 55.40% and a negative net margin of 141.35%.The firm had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.60 million. During the same period in the prior year, the business posted ($0.16) earnings per share. The company’s revenue for the quarter was down 52.5% on a year-over-year basis. Sell-side analysts predict that C3.ai will post -3.22 earnings per share for the current year.
Insider Buying and Selling
In other C3.ai news, CEO Stephen Bradley Ehikian sold 52,194 shares of the 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 transaction, the chief executive officer owned 721,485 shares of the company’s stock, valued at $5,930,606.70. This represents a 6.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas M. Siebel sold 369,624 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $8.72, for a total value of $3,223,121.28. Following the transaction, the chief executive officer directly owned 722,362 shares of the company’s stock, valued at $6,298,996.64. The trade was a 33.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,610,039 shares of company stock valued at $13,935,574. 26.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On C3.ai
Hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new position in shares of C3.ai during the first quarter valued at approximately $26,000. Larson Financial Group LLC raised its holdings in shares of C3.ai by 683.6% during the third quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock valued at $26,000 after acquiring an additional 1,292 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of C3.ai by 66.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock valued at $29,000 after acquiring an additional 852 shares during the last quarter. Parallel Advisors LLC raised its holdings 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 valued at $32,000 after acquiring an additional 801 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of C3.ai by 839.1% during the fourth quarter. Comerica Bank now owns 2,423 shares of the company’s stock valued at $33,000 after acquiring an additional 2,165 shares during the last quarter. Institutional investors and hedge funds own 38.96% of the company’s stock.
Key C3.ai News
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: C3.ai beat quarterly expectations, reporting a smaller-than-expected loss of $0.33 per share versus estimates of a $0.38 loss, while revenue of $51.6 million matched Wall Street’s forecast. C3.ai Inc (AI) Q4 2026 Earnings Call Highlights: Navigating Challenges and Strategic Restructuring
- Positive Sentiment: Management issued fiscal Q1 2027 revenue guidance of $50 million to $54 million and FY 2027 revenue guidance of $210 million to $240 million, both roughly in line with or slightly above consensus, which helped support sentiment. C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2026 Results
- Positive Sentiment: Investors also reacted favorably to signs of restructuring and a renewed focus on sales execution, along with the return of founder Tom Siebel as CEO and a reported $69 million cash injection, which reinforced turnaround hopes. AI Stock Jumps 3% After-Hours — Founder Siebel Returns As CEO With $69M Cash Injection
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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