C3.ai (NYSE:AI) Upgraded at Northland Securities

Northland Securities upgraded shares of C3.ai (NYSE:AI) from a market perform rating to an outperform rating in a report published on Monday, Marketbeat Ratings reports. The firm currently has $16.00 price target on the stock, up from their previous price target of $10.00. Northland Securities also issued estimates for C3.ai’s Q1 2028 earnings at ($0.51) EPS, Q2 2028 earnings at ($0.48) EPS, Q3 2028 earnings at ($0.44) EPS, Q4 2028 earnings at ($0.42) EPS and FY2028 earnings at ($1.85) EPS.

AI has been the topic of several other research reports. Citigroup reiterated a “market perform” rating on shares of C3.ai in a research note on Thursday, September 3rd. Citizens Jmp reissued a “market perform” rating on shares of C3.ai in a research report on Tuesday, September 29th. UBS Group reissued an “underperform” rating on shares of C3.ai in a research report on Tuesday, September 1st. DA Davidson restated an “underperform” rating and issued a $7.00 target price on shares of C3.ai in a research note on Tuesday, September 1st. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $10.00 price target on shares of C3.ai in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $9.36.

C3.ai Stock Down 2.9%

Shares of AI stock opened at $11.66 on Monday. C3.ai has a 52 week low of $7.68 and a 52 week high of $19.80. The firm’s 50-day simple moving average is $10.62 and its two-hundred day simple moving average is $9.77.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, September 2nd. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.06. C3.ai had a negative net margin of 192.10% and a negative return on equity of 61.25%. The firm had revenue of $52.38 million for the quarter, compared to analysts’ expectations of $52.06 million. During the same period in the previous year, the company earned ($0.37) earnings per share. The company’s quarterly revenue was down 25.4% on a year-over-year basis. Research analysts expect that C3.ai will post -2.21 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas M. Siebel sold 435,363 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $11.82, for a total transaction of $5,145,990.66. Following the completion of the transaction, the chief executive officer directly owned 722,362 shares of the company’s stock, valued at approximately $8,538,318.84. This represents a 37.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Hitesh Lath sold 20,000 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $12.37, for a total value of $247,400.00. Following the transaction, the chief financial officer owned 305,250 shares in the company, valued at approximately $3,775,942.50. This represents a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,573,172 shares of company stock valued at $17,117,621. Company insiders own 19.80% of the company’s stock.

Institutional Investors Weigh In On C3.ai

Several institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in C3.ai in the first quarter worth about $26,000. AdvisorNet Financial Inc purchased a new stake in C3.ai during the 1st quarter valued at $34,000. CoreCap Advisors LLC grew its stake in shares of C3.ai by 34.0% in the second quarter. CoreCap Advisors LLC now owns 6,145 shares of the company’s stock worth $56,000 after acquiring an additional 1,560 shares during the period. Versant Capital Management Inc grew its holdings in shares of C3.ai by 1,510.1% in the second quarter. Versant Capital Management Inc now owns 6,859 shares of the company’s stock worth $62,000 after acquiring an additional 6,433 shares during the period. Finally, Nykredit A S purchased a new stake in C3.ai during the second quarter valued at approximately $84,000. 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: Northland Securities upgraded C3.ai from “Market Perform” to “Outperform” and raised its price target to $16 from $10, implying meaningful upside. The firm expects fiscal 2028 losses to narrow to $1.85 per share, with quarterly losses ranging from $0.51 to $0.42 per share. The upgrade cited the company’s enterprise AI platform launch. C3.ai rallies after Northland upgrades stock on enterprise AI platform launch
• Neutral Sentiment: C3.ai has attracted increased attention from Zacks users, which may support trading activity but does not by itself indicate improving fundamentals. C3.ai is Attracting Investor Attention
• Negative Sentiment: CEO Thomas Siebel sold 435,363 shares worth approximately $5.15 million, reducing his direct ownership by 37.61%. Although the sale was executed under a pre-arranged Rule 10b5-1 plan, its size can concern investors because it represents substantial insider selling. SEC filing for Thomas Siebel stock sale
• Negative Sentiment: CFO Hitesh Lath sold 20,000 shares for approximately $247,400, cutting his ownership by 6.15%. The transaction also occurred under a 10b5-1 plan, but combined executive selling adds near-term supply and may weigh on sentiment. SEC filing for Hitesh Lath stock sale
• Negative Sentiment: Despite the upgrade, Northland’s forecasts still call for significant losses across fiscal 2028, highlighting that C3.ai remains unprofitable and dependent on successful execution of its enterprise AI strategy.

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.