Canaccord Genuity Group Lowers C3.ai (NYSE:AI) Price Target to $16.00

Key Points

• Canaccord Genuity Group has lowered its price target for C3.ai from $28.00 to $16.00, maintaining a "hold" rating, reflecting a potential upside of 2.20% based on the current stock price.
• C3.ai reported a significant earnings miss for the last quarter, with earnings of ($0.86) per share compared to analysts' expectations of ($0.21), and a revenue of $70.26 million, down 19.4% year-over-year.
• Insider activity has seen a notable decrease in ownership, with executives selling over 2 million shares of C3.ai stock worth approximately $50.5 million in the past 90 days.

C3.ai (NYSE:AI - Get Free Report) had its price target decreased by equities researchers at Canaccord Genuity Group from $28.00 to $16.00 in a report released on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 2.20% from the company's current price.

Other equities research analysts have also issued research reports about the company. Westpark Capital upgraded C3.ai to a "strong-buy" rating and set a $40.00 price objective for the company in a research note on Wednesday, July 9th. Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a research report on Thursday. JMP Securities dropped their price objective on C3.ai from $30.00 to $24.00 and set a "market outperform" rating on the stock in a research note on Thursday. Northland Capmk cut C3.ai from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. lowered their price target on C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. One 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 price target of $23.00.

C3.ai Trading Up 1.3%

AI stock traded up $0.20 during trading on Friday, hitting $15.66. 4,941,648 shares of the company's stock were exchanged, compared to its average volume of 6,269,332. The business has a 50-day moving average price of $22.41 and a two-hundred day moving average price of $22.80. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -6.00 and a beta of 1.96. C3.ai has a 52-week low of $14.70 and a 52-week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $104.02 million. During the same period in the prior year, the company earned ($0.05) EPS. The company's revenue was down 19.4% on a year-over-year basis. C3.ai has set its Q2 2026 guidance at EPS. On average, equities research analysts anticipate that C3.ai will post -2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Hitesh Lath sold 17,689 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $24.96, for a total value of $441,517.44. Following the transaction, the chief financial officer owned 166,218 shares in the company, valued at $4,148,801.28. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John E. Hyten sold 10,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $23.75, for a total transaction of $237,500.00. Following the completion of the sale, the director directly 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. Insiders have sold 2,162,768 shares of company stock worth $50,525,604 over the last 90 days. 26.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C3.ai

Hedge funds and other institutional investors have recently modified their holdings of the stock. Garde Capital Inc. purchased a new position in C3.ai in the 1st quarter worth about $29,000. Orion Capital Management LLC purchased a new position in C3.ai during the fourth quarter valued at $34,000. CX Institutional purchased a new position in shares of C3.ai in the first quarter worth about $34,000. Raiffeisen Bank International AG acquired a new stake in C3.ai during the fourth quarter worth about $36,000. Finally, Versant Capital Management Inc increased its position in shares of C3.ai by 417.5% during the first quarter. Versant Capital Management Inc now owns 1,868 shares of the company's stock valued at $39,000 after acquiring an additional 1,507 shares during the last quarter. Institutional investors own 38.96% of the company's stock.

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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