JMP Securities Cuts C3.ai (NYSE:AI) Price Target to $24.00

C3.ai (NYSE:AI) had its price target decreased by JMP Securities from $30.00 to $24.00 in a research report report published on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

AI has been the topic of several other reports. Northland Capmk lowered C3.ai from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research report on Thursday. KeyCorp dropped their price target on C3.ai from $18.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday. DA Davidson reaffirmed an “underperform” rating and issued a $13.00 price target (down from $25.00) on shares of C3.ai in a research note on Monday, August 11th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of C3.ai in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, C3.ai currently has an average rating of “Reduce” and an average target price of $23.00.

C3.ai Stock Up 0.7%

Shares of NYSE:AI opened at $15.58 on Thursday. The company’s fifty day moving average is $22.24 and its two-hundred day moving average is $22.64. C3.ai has a 12-month low of $14.70 and a 12-month high of $45.08. The company has a market cap of $2.09 billion, a P/E ratio of -5.99 and a beta of 1.96.

C3.ai (NYSE:AI) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.65). The business had revenue of $70.26 million for the quarter, compared to analyst estimates of $104.02 million. C3.ai had a negative net margin of 92.08% and a negative return on equity of 40.06%. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. C3.ai has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that C3.ai will post -2.44 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Merel Witteveen sold 5,485 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $23.95, for a total transaction of $131,365.75. Following the completion of the sale, the vice president owned 13,740 shares in the company, valued at approximately $329,073. This represents a 28.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John E. Hyten sold 10,000 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $23.75, for a total value of $237,500.00. Following the sale, the director owned 63,942 shares of the company’s stock, valued at approximately $1,518,622.50. This trade represents a 13.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,162,768 shares of company stock worth $50,525,604. Insiders own 26.50% of the company’s stock.

Institutional Investors Weigh In On C3.ai

Several hedge funds and other institutional investors have recently made changes to their positions in AI. Stifel Financial Corp grew its position in shares of C3.ai by 19.3% in the fourth quarter. Stifel Financial Corp now owns 37,858 shares of the company’s stock valued at $1,303,000 after purchasing an additional 6,121 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of C3.ai by 13.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 60,725 shares of the company’s stock valued at $2,091,000 after purchasing an additional 7,305 shares during the last quarter. Northern Trust Corp grew its position in shares of C3.ai by 28.7% in the fourth quarter. Northern Trust Corp now owns 1,055,075 shares of the company’s stock valued at $36,326,000 after purchasing an additional 235,364 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of C3.ai in the fourth quarter valued at about $587,000. Finally, Ameriprise Financial Inc. grew its position in shares of C3.ai by 26.5% in the fourth quarter. Ameriprise Financial Inc. now owns 59,645 shares of the company’s stock valued at $2,054,000 after purchasing an additional 12,504 shares during the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

About C3.ai

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.