Needham & Company LLC Reiterates Hold Rating for C3.ai (NYSE:AI)

C3.ai (NYSE:AI)‘s stock had its “hold” rating reiterated by Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports.

Other analysts also recently issued research reports about the stock. UBS Group reissued a “reduce” rating on shares of C3.ai in a research note on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of C3.ai from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. DA Davidson reissued an “underperform” rating and issued a $7.00 price objective on shares of C3.ai in a research note on Wednesday, May 13th. Canaccord Genuity Group raised their price objective on shares of C3.ai from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, BMO Capital Markets set a $7.00 price objective on shares of C3.ai in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, C3.ai presently has a consensus rating of “Reduce” and an average target price of $12.85.

C3.ai Price Performance

Shares of NYSE AI opened at $10.71 on Thursday. The company has a market cap of $1.56 billion, a P/E ratio of -3.40 and a beta of 2.04. C3.ai has a 1 year low of $7.68 and a 1 year high of $30.11. The firm has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $11.16.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.05. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.60 million. C3.ai had a negative net margin of 141.35% and a negative return on equity of 55.40%. The firm’s quarterly revenue was down 52.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) earnings per share. As a group, equities research analysts expect that C3.ai will post -3.22 EPS for the current year.

Insider Transactions at C3.ai

In related news, Director Jim H. Snabe bought 25,000 shares of C3.ai stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $9.00 per share, with a total value of $225,000.00. Following the completion of the transaction, the director owned 395,000 shares in the company, valued at $3,555,000. The trade was a 6.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas M. Siebel sold 369,624 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $8.72, for a total transaction of $3,223,121.28. Following the transaction, the chief executive officer directly owned 722,362 shares in the company, valued at approximately $6,298,996.64. This trade represents a 33.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,610,039 shares of company stock valued at $13,935,574. 26.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C3.ai

A number of institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in shares of C3.ai during the first quarter worth approximately $26,000. Bank of America Corp DE increased its holdings in C3.ai by 55.1% during the first quarter. Bank of America Corp DE now owns 3,282,183 shares of the company’s stock valued at $27,636,000 after buying an additional 1,166,302 shares during the period. Edgestream Partners L.P. increased its holdings in C3.ai by 247.5% during the first quarter. Edgestream Partners L.P. now owns 658,573 shares of the company’s stock valued at $5,545,000 after buying an additional 469,057 shares during the period. California State Teachers Retirement System increased its holdings in C3.ai by 39.0% during the first quarter. California State Teachers Retirement System now owns 168,943 shares of the company’s stock valued at $1,422,000 after buying an additional 47,391 shares during the period. Finally, Royal Bank of Canada increased its holdings in C3.ai by 418.7% during the first quarter. Royal Bank of Canada now owns 177,527 shares of the company’s stock valued at $1,495,000 after buying an additional 143,303 shares during the period. 38.96% of the stock is owned by hedge funds and other institutional investors.

C3.ai News Roundup

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

• Positive Sentiment: C3.ai beat quarterly expectations, reporting a smaller-than-expected loss of $0.33 per share versus estimates of a $0.38 loss, while revenue of $51.6 million matched Wall Street’s forecast. C3.ai Inc (AI) Q4 2026 Earnings Call Highlights: Navigating Challenges and Strategic Restructuring
• Positive Sentiment: Management issued fiscal Q1 2027 revenue guidance of $50 million to $54 million and FY 2027 revenue guidance of $210 million to $240 million, both roughly in line with or slightly above consensus, which helped support sentiment. C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2026 Results
• Positive Sentiment: Investors also reacted favorably to signs of restructuring and a renewed focus on sales execution, along with the return of founder Tom Siebel as CEO and a reported $69 million cash injection, which reinforced turnaround hopes. AI Stock Jumps 3% After-Hours — Founder Siebel Returns As CEO With $69M Cash Injection

C3.ai Company Profile

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.