C3.ai (NYSE:AI) Trading 1.6% Higher - What's Next?

Key Points

• C3.ai shares increased by 1.6%, trading at $15.71, despite experiencing a decline in trading volume of 32% compared to average sessions.
• Equities analysts have issued several downgrades, with KeyCorp lowering its target price from $18.00 to $10.00, and JPMorgan reducing theirs from $27.00 to $23.00, recommending an "underweight" rating.
• C3.ai reported a negative EPS of ($0.86) and revenue of $70.26 million for the last quarter, which fell short of the consensus estimate of $104.02 million.

Shares of C3.ai, Inc. (NYSE:AI - Get Free Report) traded up 1.6% during mid-day trading on Friday . The company traded as high as $15.96 and last traded at $15.71. 4,261,594 shares traded hands during trading, a decline of 32% from the average session volume of 6,264,052 shares. The stock had previously closed at $15.46.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KeyCorp lowered their target price on C3.ai from $18.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on C3.ai from $27.00 to $23.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Oppenheimer reiterated a "market perform" rating on shares of C3.ai in a report on Tuesday, August 12th. UBS Group lowered their target price on C3.ai from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a report on Thursday. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $23.00.

C3.ai Trading Up 0.7%

The company's 50 day moving average is $22.41 and its 200-day moving average is $22.80. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -5.99 and a beta of 1.96.

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

Insider Activity

In related news, VP Merel Witteveen sold 5,485 shares of C3.ai stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $23.95, for a total value of $131,365.75. Following the transaction, the vice president directly owned 13,740 shares of the company's stock, valued at $329,073. This trade represents a 28.53% 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 C3.ai stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $23.75, for a total transaction of $237,500.00. Following the completion of the transaction, the director directly owned 63,942 shares in the company, valued at $1,518,622.50. This trade represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,162,768 shares of company stock valued at $50,525,604. 26.50% of the stock is owned by insiders.

Hedge Funds Weigh In On C3.ai

Institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC raised its holdings in shares of C3.ai by 22.7% in the 2nd quarter. Bogart Wealth LLC now owns 2,700 shares of the company's stock worth $66,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of C3.ai by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company's stock worth $138,000 after acquiring an additional 510 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of C3.ai by 2.4% in the 2nd quarter. ProShare Advisors LLC now owns 25,548 shares of the company's stock worth $628,000 after acquiring an additional 593 shares during the last quarter. Optimum Investment Advisors raised its holdings in shares of C3.ai by 35.6% in the 1st quarter. Optimum Investment Advisors now owns 2,668 shares of the company's stock worth $56,000 after acquiring an additional 700 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in C3.ai by 5.2% in the 2nd quarter. Moors & Cabot Inc. now owns 14,263 shares of the company's stock worth $350,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds 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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