C3.ai (NYSE:AI) Stock Rating Upgraded by Wall Street Zen

C3.ai (NYSE:AI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

A number of other research firms have also weighed in on AI. Weiss Ratings upgraded shares of C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. DA Davidson reiterated an “underperform” rating and set a $7.00 price target on shares of C3.ai in a research note on Tuesday, September 1st. UBS Group reissued an “underperform” rating on shares of C3.ai in a report on Tuesday, September 1st. Citigroup reissued a “market perform” rating on shares of C3.ai in a research note on Thursday, September 3rd. Finally, Citizens Jmp restated a “market perform” rating on shares of C3.ai in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $9.36.

C3.ai Trading Up 0.5%

Shares of AI stock opened at $11.58 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of -3.76 and a beta of 2.11. The firm has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $9.72. C3.ai has a 12 month low of $7.68 and a 12 month high of $19.80.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.06. The firm had revenue of $52.38 million for the quarter, compared to the consensus estimate of $52.06 million. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. The business’s revenue was down 25.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.37) earnings per share. On average, equities analysts predict that C3.ai will post -2.21 earnings per share for the current fiscal year.

Insider Activity

In other C3.ai news, CFO Hitesh Lath sold 21,077 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $10.48, for a total value of $220,886.96. Following the completion of the sale, the chief financial officer owned 371,036 shares in the company, valued at approximately $3,888,457.28. This trade represents a 5.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Siebel sold 453,314 shares of C3.ai stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $10.51, for a total transaction of $4,764,330.14. Following the transaction, the chief executive officer directly owned 722,362 shares in the company, valued at approximately $7,592,024.62. This represents a 38.56% decrease in their position. 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 90 days, insiders have sold 1,117,809 shares of company stock worth $11,724,230. 19.80% of the stock is owned by corporate insiders.

Institutional Trading of C3.ai

A number of institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in C3.ai in the first quarter valued at about $26,000. AdvisorNet Financial Inc bought a new position in shares of C3.ai during the 1st quarter valued at approximately $34,000. CoreCap Advisors LLC increased its stake in shares of C3.ai by 34.0% during the 2nd quarter. CoreCap Advisors LLC now owns 6,145 shares of the company’s stock worth $56,000 after purchasing an additional 1,560 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of C3.ai by 1,510.1% during the 2nd quarter. Versant Capital Management Inc now owns 6,859 shares of the company’s stock worth $62,000 after purchasing an additional 6,433 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of C3.ai in the 2nd quarter worth approximately $84,000. 38.96% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about C3.ai

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

• Positive Sentiment: Northland upgraded C3.ai to Outperform from Market Perform and raised its price target to $16 from $10. Analyst Mike Latimore cited a potential “new growth engine” and easier year-over-year comparisons, implying substantial upside from the prior closing price. C3.ai Soars 10% as Northland Upgrade Sees “New Growth Engine” and Easing Comps Northland analyst says it’s time to hop back into C3.ai stock
• Positive Sentiment: The Northland call helped C3.ai outperform several other “agentic” software names, highlighting improved investor sentiment toward the company relative to peers. SoundHound AI Slides 5% to Fresh Lows While C3.ai Climbs 4% on Northland Upgrade; UiPath Slips
• Positive Sentiment: A broader surge in enterprise software stocks provided an additional sector-level tailwind for C3.ai. C3.ai jumps 10% at the open as enterprise software stocks surge
• Neutral Sentiment: Wall Street Zen raised its rating on C3.ai to Hold, signaling a less negative stance but not a clearly bullish recommendation. C3.ai Raised to Hold at Wall Street Zen
• Negative Sentiment: UBS said C3.ai’s business needs several more quarters to stabilize, tempering the upgrade-driven optimism and emphasizing execution risk before a sustained recovery. C3.ai Needs More Quarters to Stabilize, UBS Says

C3.ai Company Profile

C3.ai, Inc is an enterprise artificial intelligence software company that develops applications and tools designed to help organizations use AI and machine learning to analyze data, automate processes and support business decision-making. The company’s offerings are intended for large commercial enterprises, government agencies and other organizations managing complex operational and data environments.

Its product portfolio includes the C3 AI Platform, which provides capabilities for developing, deploying and operating AI applications, as well as prebuilt enterprise applications.