C3.ai (NYSE:AI) Stock Rating Lowered by Northland Capmk

Key Points

• C3.ai stock has been downgraded from a "strong-buy" to a "hold" rating by Northland Capital Markets, with a projected Q4 2027 earnings estimate of ($0.50) EPS.
• Multiple analysts have set significantly lower target prices for C3.ai, with DA Davidson reducing it to $13.00 and JPMorgan Chase lowering it to $23.00, reflecting a consensus rating of "Hold" and an average target price of $27.43.
• Insider activity remains high, with CEO Thomas M. Siebel selling over 601,000 shares recently, indicating a 13.61% decrease in his ownership of the stock, which could affect investor sentiment.

C3.ai (NYSE:AI - Get Free Report) was downgraded by equities researchers at Northland Capmk from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports. Northland Capmk also issued estimates for C3.ai's Q4 2027 earnings at ($0.50) EPS.

Several other equities analysts also recently commented on the stock. DA Davidson reissued an "underperform" rating and set a $13.00 target price (down from $25.00) on shares of C3.ai in a research report on Monday. JPMorgan Chase & Co. decreased their target price on C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. JMP Securities reiterated a "market outperform" rating and issued a $50.00 target price on shares of C3.ai in a research note on Friday, July 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a report on Monday. Finally, Canaccord Genuity Group reduced their target price on shares of C3.ai from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Five analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, C3.ai presently has a consensus rating of "Hold" and an average target price of $27.43.

C3.ai Price Performance

Shares of AI opened at $16.92 on Monday. C3.ai has a 12 month low of $14.70 and a 12 month high of $45.08. The stock's 50-day moving average is $24.92 and its two-hundred day moving average is $24.55. The stock has a market cap of $2.27 billion, a PE ratio of -7.55 and a beta of 1.98.

C3.ai (NYSE:AI - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.04. The company had revenue of $108.72 million during the quarter, compared to analyst estimates of $107.85 million. C3.ai had a negative return on equity of 33.51% and a negative net margin of 74.21%. The business's revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, research analysts anticipate that C3.ai will post -2.44 earnings per share for the current year.

Insider Activity at C3.ai

In related news, CEO Thomas M. Siebel sold 601,498 shares of C3.ai stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $25.02, for a total value of $15,049,479.96. Following the transaction, the chief executive officer directly owned 3,816,802 shares of the company's stock, valued at $95,496,386.04. This trade represents a 13.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John E. Hyten sold 10,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $23.75, for a total value of $237,500.00. Following the completion of the transaction, the director owned 63,942 shares of the company's stock, valued at $1,518,622.50. The trade was a 13.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,685,115 shares of company stock valued at $43,700,880. 33.54% of the stock is currently owned by company insiders.

Institutional Trading of C3.ai

Several institutional investors have recently modified their holdings of AI. Garde Capital Inc. bought a new stake in C3.ai during the first quarter valued at $29,000. Russell Investments Group Ltd. raised its holdings in shares of C3.ai by 100.7% in the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after acquiring an additional 456 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of C3.ai in the 4th quarter worth about $34,000. CX Institutional acquired a new stake in shares of C3.ai in the 1st quarter worth about $34,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of C3.ai in the 4th quarter worth about $36,000. 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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