C3.ai (NYSE:AI) Given New $11.00 Price Target at Morgan Stanley

C3.ai (NYSE:AI) had its target price lowered by Morgan Stanley from $22.00 to $11.00 in a research note published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has an underweight rating on the stock.

AI has been the topic of a number of other research reports. Oppenheimer reissued a “market perform” rating on shares of C3.ai in a report on Tuesday, August 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, September 4th. Westpark Capital raised shares of C3.ai to a “strong-buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, July 9th. Wall Street Zen lowered shares of C3.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Canaccord Genuity Group reduced their target price on shares of C3.ai from $28.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $22.00.

C3.ai Price Performance

Shares of NYSE:AI opened at $15.74 on Tuesday. C3.ai has a 12 month low of $14.70 and a 12 month high of $45.08. The company’s 50-day moving average price is $21.88 and its two-hundred day moving average price is $22.45. The firm has a market cap of $2.12 billion, a P/E ratio of -6.05 and a beta of 1.96.

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

Insider Activity

In related news, Director John E. Hyten sold 10,000 shares of C3.ai stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $23.75, for a total transaction of $237,500.00. Following the transaction, the director owned 63,942 shares of the company’s stock, valued at $1,518,622.50. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Merel Witteveen sold 5,485 shares of C3.ai stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $23.95, for a total transaction of $131,365.75. Following the transaction, the vice president directly owned 13,740 shares in the company, valued at $329,073. The trade was a 28.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,559,560 shares of company stock worth $35,431,271 over the last quarter. 26.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in C3.ai during the 4th quarter worth approximately $34,000. Raiffeisen Bank International AG acquired a new stake in C3.ai during the 4th quarter worth approximately $36,000. Garde Capital Inc. acquired a new stake in C3.ai during the 1st quarter worth approximately $29,000. CX Institutional acquired a new stake in C3.ai during the 1st quarter worth approximately $34,000. Finally, Versant Capital Management Inc raised its holdings in C3.ai by 417.5% during the 1st quarter. Versant Capital Management Inc now owns 1,868 shares of the company’s stock worth $39,000 after buying an additional 1,507 shares during the period. Institutional investors 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.