JMP Securities Has Lowered Expectations for C3.ai (NYSE:AI) Stock Price

Key Points

• JMP Securities has lowered its price target for C3.ai from $30.00 to $24.00, while maintaining a "market outperform" rating, suggesting potential upside from the current share price.
• C3.ai reported negative earnings for the last quarter, with an EPS of ($0.86) that missed analysts' estimates, and revenue fell by 19.4% compared to the same quarter last year.
• Insider selling has been significant, with CFO Hitesh Lath and CEO Thomas Siebel offloading a combined total of over $15 million worth of shares recently.

C3.ai (NYSE:AI - Get Free Report) had its target price decreased by JMP Securities from $30.00 to $24.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price objective would indicate a potential upside of 54.09% from the stock's previous close.

A number of other brokerages have also recently commented on AI. KeyCorp lowered their price objective on shares of C3.ai from $18.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday. Northland Capmk cut shares of C3.ai from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. decreased their price target on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research note on Thursday. Finally, Northland Securities cut shares of C3.ai from an "outperform" rating to a "market perform" rating and set a $17.00 price target on the stock. in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $23.00.

C3.ai Stock Performance

NYSE AI traded up $0.12 during trading hours on Thursday, reaching $15.58. The company's stock had a trading volume of 12,575,946 shares, compared to its average volume of 12,540,028. The stock has a market cap of $2.09 billion, a PE ratio of -5.99 and a beta of 1.96. C3.ai has a fifty-two week low of $14.70 and a fifty-two week high of $45.08. The company's 50-day moving average is $22.24 and its two-hundred day moving average is $22.64.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.65). The business had revenue of $70.26 million during the quarter, compared to analyst estimates of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.06%. C3.ai's revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Equities analysts expect that C3.ai will post -2.44 earnings per share for the current fiscal year.

Insider Activity at C3.ai

In other news, CEO Thomas M. Siebel sold 601,498 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $25.02, for a total transaction of $15,049,479.96. Following the transaction, the chief executive officer directly owned 3,816,802 shares in the company, valued at $95,496,386.04. This represents a 13.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Hitesh Lath sold 17,689 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $24.96, for a total transaction of $441,517.44. Following the transaction, the chief financial officer owned 166,218 shares in the company, valued at approximately $4,148,801.28. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,162,768 shares of company stock valued at $50,525,604. Insiders own 26.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of C3.ai by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock worth $282,228,000 after acquiring an additional 471,521 shares during the period. State Street Corp lifted its holdings in shares of C3.ai by 4.3% during the 2nd quarter. State Street Corp now owns 2,826,249 shares of the company's stock worth $69,441,000 after acquiring an additional 116,611 shares during the period. Geode Capital Management LLC lifted its holdings in shares of C3.ai by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company's stock worth $69,129,000 after acquiring an additional 156,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of C3.ai by 2.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,214,190 shares of the company's stock worth $54,401,000 after acquiring an additional 56,887 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of C3.ai during the 4th quarter worth about $42,306,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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.