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.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lowered their price objective on shares of C3.ai from $23.00 to $19.00 in a research report on Thursday, June 2nd. JMP Securities decreased their price objective on shares of C3.ai from $59.00 to $28.00 and set a "market outperform" rating on the stock in a report on Thursday, June 2nd. StockNews.com upgraded shares of C3.ai to a "sell" rating in a research report on Friday, June 3rd. Piper Sandler lifted their price target on shares of C3.ai from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, July 18th. Finally, Wedbush dropped their price objective on shares of C3.ai to $13.00 in a report on Friday, June 3rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, C3.ai currently has an average rating of "Hold" and a consensus price target of $20.06.

C3.ai Stock Performance

AI traded up $0.45 during trading on Friday, reaching $22.78. The company had a trading volume of 47,027 shares, compared to its average volume of 1,608,604. The firm's 50-day simple moving average is $19.11 and its 200 day simple moving average is $20.11. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -12.03 and a beta of 0.49. C3.ai has a 12-month low of $13.37 and a 12-month high of $55.58.

C3.ai (NYSE:AI - Get Rating) last announced its quarterly earnings data on Wednesday, June 1st. The company reported ($0.55) EPS for the quarter, topping analysts' consensus estimates of ($0.58) by $0.03. The firm had revenue of $72.32 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted ($0.24) EPS. On average, sell-side analysts expect that C3.ai will post -2.09 EPS for the current year.

Insider Activity at C3.ai

In other C3.ai news, CFO Juho Parkkinen sold 2,120 shares of C3.ai stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.19, for a total value of $38,562.80. Following the transaction, the chief financial officer now directly owns 363,926 shares of the company's stock, valued at approximately $6,619,813.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 4,390 shares of company stock valued at $79,912. Corporate insiders own 52.65% of the company's stock.