C3.ai (NYSE:AI) Price Target Lowered to $10.00 at KeyCorp

Key Points

• KeyCorp has reduced its price target for C3.ai from $18.00 to $10.00, indicating a potential downside of nearly 40% from the current stock price.
• The stock currently holds an "underweight" rating from KeyCorp, while other analysts provide mixed ratings, with a consensus target price of $24.21.
• C3.ai reported earnings of ($0.86) per share, significantly missing analysts' expectations, and experienced a year-over-year revenue decline of 19.4%.

C3.ai (NYSE:AI - Free Report) had its price objective lowered by KeyCorp from $18.00 to $10.00 in a research report released on Thursday morning,Benzinga reports. KeyCorp currently has an underweight rating on the stock.

A number of other equities research analysts have also recently commented on AI. Piper Sandler reduced their target price on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Oppenheimer restated a "market perform" rating on shares of C3.ai in a research report on Tuesday, August 12th. Morgan Stanley raised their price objective on shares of C3.ai from $20.00 to $22.00 and gave the stock an "underweight" rating in a research report on Thursday, May 29th. Wall Street Zen cut shares of C3.ai from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, UBS Group cut their price objective on shares of C3.ai from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $23.00.

C3.ai Trading Up 0.7%

AI traded up $0.12 during midday trading on Thursday, hitting $15.58. 12,575,946 shares of the company traded hands, compared to its average volume of 12,540,028. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -5.99 and a beta of 1.96. C3.ai has a 52-week low of $14.70 and a 52-week high of $45.08. The business has a 50 day simple moving average of $22.24 and a two-hundred day simple moving average of $22.64.

C3.ai (NYSE:AI - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.65). The business had revenue of $70.26 million during the quarter, compared to analyst estimates of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.06%. C3.ai's quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that C3.ai will post -2.44 earnings per share for the current year.

Insider Activity at C3.ai

In other C3.ai news, Chairman Thomas M. Siebel sold 17,200 shares of C3.ai stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $16.49, for a total transaction of $283,628.00. Following the completion of the sale, the chairman directly owned 15,536 shares in the company, valued at $256,188.64. This trade represents a 52.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Merel Witteveen sold 5,485 shares of C3.ai stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $23.95, for a total transaction of $131,365.75. Following the sale, the vice president owned 13,740 shares of the company's stock, valued at approximately $329,073. This represents a 28.53% 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 valued at $50,525,604 in the last ninety days. Insiders own 26.50% of the company's stock.

Institutional Investors Weigh In On C3.ai

A number of institutional investors have recently made changes to their positions in AI. Vanguard Group Inc. boosted its stake in shares of C3.ai by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company's stock valued at $282,228,000 after purchasing an additional 471,521 shares during the period. State Street Corp boosted its stake in shares of C3.ai by 4.3% in the second quarter. State Street Corp now owns 2,826,249 shares of the company's stock valued at $69,441,000 after purchasing an additional 116,611 shares during the period. Geode Capital Management LLC boosted its stake in shares of C3.ai by 5.9% in the second quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company's stock valued at $69,129,000 after purchasing an additional 156,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of C3.ai by 2.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,214,190 shares of the company's stock valued at $54,401,000 after purchasing an additional 56,887 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of C3.ai in the fourth quarter valued at approximately $42,306,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

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.