C3.ai (NYSE:AI) Releases Earnings Results, Beats Expectations By $0.04 EPS

C3.ai (NYSE:AI - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.04, Briefing.com reports. The firm had revenue of $108.72 million for the quarter, compared to analyst estimates of $107.85 million. C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. The company's revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) EPS. C3.ai updated its Q1 2026 guidance to EPS and its FY 2026 guidance to EPS.

C3.ai Stock Performance

Shares of NYSE AI traded down $1.22 during trading on Friday, hitting $26.58. 11,988,832 shares of the company traded hands, compared to its average volume of 5,187,135. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -12.03 and a beta of 1.99. The business's fifty day moving average is $21.87 and its 200 day moving average is $28.30. C3.ai has a fifty-two week low of $17.03 and a fifty-two week high of $45.08.

Insider Activity

In related news, CEO Thomas M. Siebel sold 294,116 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $21.50, for a total value of $6,323,494.00. Following the transaction, the chief executive officer now directly owns 943,151 shares in the company, valued at $20,277,746.50. This trade represents a 23.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Merel Witteveen sold 1,133 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $22.25, for a total transaction of $25,209.25. Following the transaction, the vice president now owns 7,287 shares in the company, valued at approximately $162,135.75. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,529,519 shares of company stock worth $34,038,096 in the last three months. Company insiders own 33.54% of the company's stock.

Hedge Funds Weigh In On C3.ai

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of C3.ai by 48.7% in the first quarter. NewEdge Advisors LLC now owns 2,442 shares of the company's stock worth $51,000 after purchasing an additional 800 shares during the last quarter. Strs Ohio purchased a new stake in C3.ai in the 1st quarter valued at $177,000. Woodline Partners LP bought a new position in C3.ai during the 1st quarter valued at $346,000. Focus Partners Wealth boosted its holdings in C3.ai by 2.6% during the 1st quarter. Focus Partners Wealth now owns 59,004 shares of the company's stock worth $1,242,000 after acquiring an additional 1,503 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of C3.ai by 267.9% in the 1st quarter. AQR Capital Management LLC now owns 181,354 shares of the company's stock worth $3,788,000 after acquiring an additional 132,056 shares in the last quarter. Institutional investors own 38.96% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on AI shares. Oppenheimer reduced their price objective on shares of C3.ai from $56.00 to $45.00 and set an "outperform" rating on the stock in a research note on Thursday. Piper Sandler reduced their price target on C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday. Canaccord Genuity Group decreased their price target on C3.ai from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday. UBS Group restated a "neutral" rating and set a $28.00 price objective (up from $26.00) on shares of C3.ai in a research report on Thursday. Finally, Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research report on Thursday. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, C3.ai currently has an average rating of "Hold" and an average target price of $29.46.

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.