C3.ai (NYSE:AI) Given Sell (D-) Rating at Weiss Ratings

Key Points

• C3.ai's stock has been given a Sell (D-) rating by Weiss Ratings, with multiple brokerages adjusting their ratings and price targets lower.
• The company reported a loss of $0.86 EPS for the latest quarter, falling short of analysts' expectations and showing a year-over-year revenue decline of 19.4%.
• Insider transactions have seen significant sales of company stock, with executives reducing their ownership, while institutional investors currently hold 38.96% of C3.ai shares.

C3.ai (NYSE:AI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other brokerages have also issued reports on AI. Northland Capmk lowered C3.ai from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Oppenheimer reissued a "market perform" rating on shares of C3.ai in a report on Tuesday, August 12th. KeyCorp lowered their price objective on C3.ai from $18.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, September 4th. UBS Group boosted their price objective on C3.ai from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, September 12th. Finally, Morgan Stanley lowered their price objective on C3.ai from $22.00 to $11.00 and set an "underweight" rating for the company in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $22.09.

C3.ai Trading Down 1.0%

Shares of AI traded down $0.18 during midday trading on Friday, reaching $17.77. 3,180,851 shares of the company were exchanged, compared to its average volume of 6,620,256. C3.ai has a 1-year low of $14.70 and a 1-year high of $45.08. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -6.84 and a beta of 1.96. The stock has a 50-day moving average price of $17.57 and a 200-day moving average price of $21.48.

C3.ai (NYSE:AI - Get Free Report) last announced its 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 return on equity of 40.69% and a negative net margin of 92.08%.The business had revenue of $70.26 million for the quarter, compared to analysts' expectations of $104.02 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm's revenue was down 19.4% compared to the same quarter last year. C3.ai has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that C3.ai will post -2.44 earnings per share for the current year.

Insider Transactions at C3.ai

In other news, CFO Hitesh Lath sold 46,881 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $16.99, for a total value of $796,508.19. Following the transaction, the chief financial officer directly owned 209,154 shares of the company's stock, valued at approximately $3,553,526.46. This represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert David Schilling sold 470,420 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $17.29, for a total transaction of $8,133,561.80. Following the completion of the transaction, the executive vice president directly owned 1,011,327 shares in the company, valued at $17,485,843.83. This trade represents a 31.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,661,106 shares of company stock worth $48,255,922. Company insiders own 26.50% of the company's stock.

Hedge Funds Weigh In On C3.ai

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in C3.ai by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock worth $282,228,000 after purchasing an additional 471,521 shares in the last quarter. State Street Corp boosted its stake 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 in the last quarter. Geode Capital Management LLC boosted its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of C3.ai by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 719,259 shares of the company's stock worth $15,140,000 after acquiring an additional 23,366 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Company Profile

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.

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