C3.ai (NYSE:AI) Price Target Raised to $17.00 at UBS Group

Key Points

• UBS Group has raised its price target for C3.ai (NYSE:AI) from $16.00 to $17.00, indicating a potential upside of 3.66% from the current stock price.
• The company reported earnings of ($0.86) per share, significantly missing the consensus estimate, along with a 19.4% year-over-year decline in revenue.
• Analyst ratings for C3.ai are mixed, with one strong buy, one buy, seven holds, and four sells, leading to an average rating of "Reduce" and a consensus price target of $22.09.

C3.ai (NYSE:AI - Get Free Report) had its target price boosted by research analysts at UBS Group from $16.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 3.66% from the company's current price.

A number of other analysts also recently commented on the company. Northland Capmk downgraded C3.ai from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. KeyCorp dropped their price objective on C3.ai from $18.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, September 4th. Morgan Stanley dropped their price objective on C3.ai from $22.00 to $11.00 and set an "underweight" rating on the stock in a research note on Tuesday. Piper Sandler dropped their price objective on C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their price objective on C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, C3.ai has an average rating of "Reduce" and a consensus price target of $22.09.

C3.ai Price Performance

Shares of C3.ai stock opened at $16.40 on Friday. The business's fifty day moving average price is $21.49 and its two-hundred day moving average price is $22.33. The company has a market capitalization of $2.20 billion, a P/E ratio of -6.31 and a beta of 1.96. C3.ai has a 1-year low of $14.70 and a 1-year high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The business had revenue of $70.26 million for the quarter, compared to the consensus estimate of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.69%. The firm's revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. C3.ai has set its Q2 2026 guidance at EPS. On average, research analysts expect that C3.ai will post -2.44 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Hitesh Lath sold 17,689 shares of C3.ai stock in a transaction on 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas M. Siebel sold 589,468 shares of C3.ai stock in a transaction on Friday, July 18th. The shares were sold at an average price of $28.58, for a total value of $16,846,995.44. Following the transaction, the chief executive officer owned 3,227,334 shares in the company, valued at $92,237,205.72. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,549,560 shares of company stock worth $35,193,771. 26.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Zweig DiMenna Associates LLC acquired a new stake in C3.ai during the first quarter valued at $274,000. Liontrust Investment Partners LLP lifted its position in shares of C3.ai by 203.2% in the first quarter. Liontrust Investment Partners LLP now owns 144,288 shares of the company's stock worth $3,037,000 after buying an additional 96,695 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of C3.ai in the first quarter worth about $668,000. Banque Cantonale Vaudoise acquired a new stake in shares of C3.ai in the first quarter worth about $390,000. Finally, GAMMA Investing LLC lifted its position in shares of C3.ai by 4,846.5% in the first quarter. GAMMA Investing LLC now owns 12,020 shares of the company's stock worth $253,000 after buying an additional 11,777 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company's stock.

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.

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