C3.ai’s (AI) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of C3.ai (NYSE:AI) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $15.00 target price on the stock.

A number of other brokerages also recently commented on AI. JPMorgan Chase & Co. lowered their target price on C3.ai from $10.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Wolfe Research reaffirmed an “underperform” rating and issued a $6.00 price target on shares of C3.ai in a research report on Thursday, February 26th. BMO Capital Markets set a $7.00 price target on C3.ai in a research report on Thursday, February 26th. Citizens Jmp cut C3.ai from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 26th. Finally, UBS Group reaffirmed a “reduce” rating on shares of C3.ai in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $15.93.

C3.ai Price Performance

Shares of NYSE AI opened at $8.65 on Wednesday. The business’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $11.78. C3.ai has a one year low of $7.68 and a one year high of $30.24. The company has a market capitalization of $1.26 billion, a P/E ratio of -2.74 and a beta of 2.00.

C3.ai (NYSE:AI) last issued its earnings results on Wednesday, February 25th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.11). C3.ai had a negative net margin of 141.35% and a negative return on equity of 55.40%. The firm had revenue of $53.26 million during the quarter, compared to analysts’ expectations of $75.91 million. During the same quarter last year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was down 46.1% compared to the same quarter last year. On average, equities analysts anticipate that C3.ai will post -3.22 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Thomas M. Siebel sold 326,189 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $8.31, for a total transaction of $2,710,630.59. Following the completion of the transaction, the chairman owned 722,362 shares of the company’s stock, valued at approximately $6,002,828.22. The trade was a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Bradley Ehikian sold 52,194 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $8.22, for a total value of $429,034.68. Following the transaction, the chief executive officer directly owned 721,485 shares of the company’s stock, valued at $5,930,606.70. This represents a 6.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,111,051 shares of company stock worth $9,547,130 over the last quarter. 26.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C3.ai

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its holdings in C3.ai by 2,831.4% in the 3rd quarter. Quantbot Technologies LP now owns 554,472 shares of the company’s stock valued at $9,615,000 after acquiring an additional 535,557 shares in the last quarter. Vanguard Group Inc. raised its holdings in C3.ai by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,469,953 shares of the company’s stock valued at $195,055,000 after acquiring an additional 108,011 shares in the last quarter. Clare Market Investments LLC acquired a new position in C3.ai in the 3rd quarter valued at approximately $2,207,000. SG Americas Securities LLC raised its holdings in C3.ai by 115.0% in the 4th quarter. SG Americas Securities LLC now owns 384,486 shares of the company’s stock valued at $5,183,000 after acquiring an additional 205,640 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in C3.ai in the 3rd quarter valued at approximately $2,010,000. Institutional investors and hedge funds own 38.96% of the company’s stock.

Trending Headlines about C3.ai

Here are the key news stories impacting C3.ai this week:

• Positive Sentiment: Unusual options activity pointed to bullish interest in C3.ai, with traders buying 76,266 call options on Thursday, well above average volume. This can sometimes signal speculation on a near-term rebound.
• Positive Sentiment: Broader AI optimism remains intact, as several articles cited improving AI demand and strong AI-related earnings from other companies, which can help support sentiment toward AI stocks overall.
• Neutral Sentiment: Market commentary on the AI rally suggests investors are still debating whether the boom is durable, with some strategists arguing valuations and demand are more rational than during the dot-com era.
• Neutral Sentiment: News around Cisco Systems (CSCO) highlighted strong AI order growth and raised guidance, reinforcing interest in AI infrastructure, though it does not directly change C3.ai’s operating outlook.
• Negative Sentiment: Software stocks, including C3.ai, were pressured as rising Treasury yields and renewed geopolitical tensions weighed on the sector, contributing to a broad selloff in high-growth names.
• Negative Sentiment: C3.ai’s last earnings report was weak, with a wider-than-expected loss and revenue well below estimates, while quarterly revenue fell sharply year over year. That backdrop is still weighing on the stock.

About C3.ai

C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.

The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.