C3.ai - AI Stock Forecast, Price & News

C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions. Its C3 AI applications include C3 AI Inventory Optimization, a solution to optimize raw material, in-process, and finished goods inventory levels; C3 AI Supply Network Risk, which provides visibility into risks of disruption throughout the supply chain operations for enterprise supply chain managers; C3 AI Customer Churn Management, which enables account executives and relationship managers to monitor customer satisfaction using transactional, behavioral, and contextual information, as well as to take action to prevent customer churn with AI-based and human-interpretable predictions and warning; C3 AI Production Schedule Optimization, a solution for scheduling production; C3 AI Predictive Maintenance, which provides insight into asset risk to maintenance planners and equipment operators; C3 AI Fraud Detection solution; and C3 AI Energy Management solution. The company also offers integrated turnkey enterprise AI applications for various market segments, including oil and gas, chemicals, utilities, manufacturing, retail, banking, financial services, intelligence, aerospace and defense, healthcare, telecommunications, pharmaceuticals, smart cities, transportation, and others. C3.ai, Inc. serves customers primarily in Europe, Asia, and the United States. It has strategic partnerships with Baker Hughes in the areas of oil and gas market; FIS in the areas of financial services market; Raytheon in the areas of the U.S. defense and intelligence communities; and Microsoft and Adobe in the areas of customer relationship management. The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was founded in 2009 and is headquartered in Redwood City, California.

C3.ai Price Performance

AI Stock opened at $22.81 on Friday. C3.ai has a fifty-two week low of $13.37 and a fifty-two week high of $55.58. The firm has a fifty day moving average price of $19.17 and a 200 day moving average price of $20.10.

C3.ai (NYSE:AI - Get Rating) last announced its earnings results on Wednesday, June 1st. The company reported ($0.55) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.03. The business had revenue of $72.32 million during the quarter, compared to the consensus estimate of $71.28 million. C3.ai had a negative return on equity of 14.11% and a negative net margin of 75.99%. The business's quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) EPS. As a group, research analysts forecast that C3.ai will post -2.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AI shares. Wedbush reduced their target price on shares of C3.ai to $13.00 in a research note on Friday, June 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of C3.ai from $18.00 to $14.50 in a report on Thursday, June 2nd. JMP Securities lowered their target price on shares of C3.ai from $59.00 to $28.00 and set a "market outperform" rating for the company in a report on Thursday, June 2nd. Piper Sandler lifted their target price on shares of C3.ai from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, July 18th. Finally, Canaccord Genuity Group reduced their price target on shares of C3.ai from $23.00 to $19.00 in a research report on Thursday, June 2nd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.06.

Insider Transactions at C3.ai

In other news, CFO Juho Parkkinen sold 2,120 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $18.19, for a total transaction of $38,562.80. Following the completion of the transaction, the chief financial officer now directly owns 363,926 shares in the company, valued at approximately $6,619,813.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 4,390 shares of company stock worth $79,912. 52.65% of the stock is currently owned by company insiders.