KeyCorp Cuts C3.ai (NYSE:AI) Price Target to $10.00

C3.ai (NYSE:AI) had its target price reduced by KeyCorp from $18.00 to $10.00 in a research note released on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley increased their target price on C3.ai from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Thursday, May 29th. Northland Capmk cut C3.ai from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Piper Sandler reduced their target price on C3.ai from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. DA Davidson reissued an “underperform” rating and issued a $13.00 price target (down previously from $25.00) on shares of C3.ai in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. dropped their price target on C3.ai from $27.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $23.00.

C3.ai Stock Up 0.7%

Shares of NYSE:AI opened at $15.58 on Thursday. The company has a 50 day moving average of $22.24 and a two-hundred day moving average of $22.64. C3.ai has a 52-week low of $14.70 and a 52-week high of $45.08. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -5.99 and a beta of 1.96.

C3.ai (NYSE:AI) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.65). The firm had revenue of $70.26 million for the quarter, compared to analyst estimates of $104.02 million. C3.ai had a negative return on equity of 40.06% and a negative net margin of 92.08%.The company’s revenue for the quarter 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. On average, equities analysts anticipate that C3.ai will post -2.44 earnings per share for the current year.

Insider Buying and Selling

In other C3.ai news, CEO Thomas M. Siebel sold 601,498 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $25.02, for a total value of $15,049,479.96. Following the transaction, the chief executive officer directly owned 3,816,802 shares in the company, valued at $95,496,386.04. The trade was a 13.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $237,500.00. Following the sale, the director directly owned 63,942 shares in the company, valued at $1,518,622.50. This represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,162,768 shares of company stock valued at $50,525,604 in the last ninety days. Insiders own 26.50% of the company’s stock.

Institutional Trading of C3.ai

Several hedge funds have recently modified their holdings of AI. Orion Capital Management LLC acquired a new position in shares of C3.ai during the fourth quarter worth approximately $34,000. Raiffeisen Bank International AG acquired a new position in shares of C3.ai during the fourth quarter worth approximately $36,000. Garde Capital Inc. acquired a new position in shares of C3.ai during the first quarter worth approximately $29,000. CX Institutional acquired a new position in shares of C3.ai during the first quarter worth approximately $34,000. Finally, Versant Capital Management Inc lifted its position in shares of C3.ai by 417.5% during the first quarter. Versant Capital Management Inc now owns 1,868 shares of the company’s stock worth $39,000 after purchasing an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 38.96% of the company’s stock.

C3.ai Company Profile

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.