Analysts Set Expectations for C3.ai's Q2 Earnings (NYSE:AI)

C3.ai, Inc. (NYSE:AI - Free Report) - Analysts at Wedbush issued their Q2 2027 EPS estimates for shares of C3.ai in a research note issued to investors on Thursday, May 29th. Wedbush analyst D. Ives expects that the company will earn ($0.53) per share for the quarter. The consensus estimate for C3.ai's current full-year earnings is ($2.44) per share. Wedbush also issued estimates for C3.ai's Q3 2027 earnings at ($0.53) EPS, Q4 2027 earnings at ($0.48) EPS and FY2027 earnings at ($2.08) EPS.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of C3.ai from $30.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. UBS Group restated a "neutral" rating and issued a $28.00 price target (up from $26.00) on shares of C3.ai in a research report on Thursday, May 29th. DA Davidson cut their price target on shares of C3.ai from $25.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. KeyCorp restated a "mixed" rating on shares of C3.ai in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. cut their target price on C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $29.46.

C3.ai Stock Up 2.6%

C3.ai stock traded up $0.65 during trading hours on Monday, hitting $25.62. The stock had a trading volume of 8,160,544 shares, compared to its average volume of 5,218,488. The business's 50 day simple moving average is $21.91 and its 200-day simple moving average is $28.30. C3.ai has a one year low of $17.03 and a one year high of $45.08. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of -11.59 and a beta of 1.99.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.04. C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. The company had revenue of $108.72 million during the quarter, compared to the consensus estimate of $107.85 million. During the same period in the prior year, the business earned ($0.11) earnings per share. The company's revenue for the quarter was up 25.5% compared to the same quarter last year.

Insider Buying and Selling at C3.ai

In related news, CFO Hitesh Lath sold 4,368 shares of C3.ai stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $29.45, for a total transaction of $128,637.60. Following the transaction, the chief financial officer now owns 250 shares of the company's stock, valued at $7,362.50. The trade was a 94.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard C. Levin sold 36,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $28.17, for a total transaction of $1,014,120.00. Following the completion of the sale, the director now owns 161,664 shares of the company's stock, valued at approximately $4,554,074.88. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,623,220 shares of company stock worth $36,591,004. 33.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C3.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Brown Lisle Cummings Inc. lifted its holdings in shares of C3.ai by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after acquiring an additional 400 shares during the last quarter. R Squared Ltd bought a new stake in shares of C3.ai during the fourth quarter valued at approximately $29,000. Garde Capital Inc. purchased a new stake in shares of C3.ai in the 1st quarter worth about $29,000. Russell Investments Group Ltd. grew its holdings in C3.ai by 100.7% in the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after purchasing an additional 456 shares during the period. Finally, WealthTrak Capital Management LLC purchased a new position in C3.ai during the fourth quarter valued at $33,000. 38.96% of the stock is owned by hedge funds and other institutional investors.

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.