Analysts Set Expectations for C3.ai’s Q4 Earnings (NYSE:AI)

C3.ai, Inc. (NYSE:AI) – Stock analysts at Northland Securities issued their Q4 2028 earnings per share estimates for shares of C3.ai in a research note issued to investors on Monday, October 12th. Northland Securities analyst M. Latimore forecasts that the company will post earnings per share of ($0.42) for the quarter. Northland Securities has an “Outperform” rating and a $16.00 price objective on the stock. The consensus estimate for C3.ai’s current full-year earnings is ($2.21) per share.

Other research analysts also recently issued research reports about the company. Citizens Jmp reaffirmed a “market perform” rating on shares of C3.ai in a research note on Tuesday, September 29th. Weiss Ratings upgraded shares of C3.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group reissued a “hold” rating and issued a $10.00 target price on shares of C3.ai in a report on Thursday, September 3rd. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday, September 3rd. Finally, UBS Group reiterated an “underperform” rating on shares of C3.ai in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven 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 $9.36.

C3.ai Stock Performance

AI opened at $11.58 on Tuesday. C3.ai has a 52-week low of $7.68 and a 52-week high of $19.80. The firm has a market cap of $1.86 billion, a P/E ratio of -3.76 and a beta of 2.11. The business’s fifty day moving average is $10.55 and its 200-day moving average is $9.72.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.06. The firm had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $52.06 million. C3.ai had a negative return on equity of 61.25% and a negative net margin of 192.10%. The company’s quarterly revenue was down 25.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.37) EPS.

Insider Buying and Selling at C3.ai

In related news, CEO Thomas Siebel sold 162,247 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $10.54, for a total value of $1,710,083.38. Following the sale, the chief executive officer directly owned 722,362 shares of the company’s stock, valued at $7,613,695.48. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Hitesh Lath sold 21,077 shares of C3.ai 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 transaction, the chief financial officer owned 371,036 shares in the company, valued at approximately $3,888,457.28. This represents a 5.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,117,809 shares of company stock valued at $11,724,230. 19.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C3.ai

Several hedge funds and other institutional investors have recently made changes to their positions in AI. Western Wealth Management LLC bought a new position in C3.ai in the 1st quarter valued at approximately $26,000. AdvisorNet Financial Inc acquired a new stake in C3.ai in the first quarter valued at approximately $34,000. CoreCap Advisors LLC grew its stake in shares of C3.ai by 34.0% during the second quarter. CoreCap Advisors LLC now owns 6,145 shares of the company’s stock worth $56,000 after buying an additional 1,560 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of C3.ai by 1,510.1% during the second quarter. Versant Capital Management Inc now owns 6,859 shares of the company’s stock worth $62,000 after buying an additional 6,433 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of C3.ai during the second quarter worth $84,000. 38.96% of the stock is owned by institutional investors.

C3.ai News Roundup

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

• Positive Sentiment: Northland upgrades C3.ai to Outperform: Northland Securities raised its rating from Market Perform to Outperform and increased its price target to $16 from $10. The analyst cited a potential “new growth engine” and easier year-over-year comparisons, implying roughly 38% upside from the referenced price. Northland Securities Upgrades C3.ai to Strong-Buy
• Positive Sentiment: Investor response was favorable: C3.ai was among the stronger-performing enterprise software and artificial intelligence stocks following the upgrade, as investors responded to the more optimistic growth outlook. C3.ai Soars as Northland Sees New Growth Engine
• Neutral Sentiment: Broader AI-market risks remain in focus: The International Monetary Fund identified artificial intelligence, elevated bond yields and cyber risks as potential threats to global financial markets. The concerns are industry-wide rather than specific to C3.ai, but could contribute to volatility in high-beta technology shares. AI, Bond Yields, Cyber Top IMF Risks
• Negative Sentiment: UBS remains cautious: UBS said C3.ai’s business may need several more quarters to stabilize, suggesting that the company’s growth recovery is not yet established despite Northland’s bullish view. This caution is significant given C3.ai’s recent revenue declines and continuing losses. C3.ai Needs More Quarters to Stabilize, UBS Says

About C3.ai

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.