C3.ai (NYSE:AI) Lowered to Market Perform Rating by Citizens Jmp

Citizens Jmp lowered shares of C3.ai (NYSE:AI) from an outperform rating to a market perform rating in a report issued on Thursday, MarketBeat.com reports.

AI has been the subject of a number of other research reports. Bank of America set a $10.00 price objective on C3.ai in a research note on Friday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research note on Thursday, December 4th. Wedbush restated an “outperform” rating and set a $20.00 price target on shares of C3.ai in a report on Thursday, December 4th. Canaccord Genuity Group reiterated a “hold” rating and issued a $16.00 price objective on shares of C3.ai in a report on Thursday, December 4th. Finally, DA Davidson reiterated an “underperform” rating and issued a $13.00 price objective on shares of C3.ai in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $15.87.

C3.ai Trading Down 18.4%

Shares of NYSE:AI opened at $8.41 on Thursday. The stock has a market capitalization of $1.18 billion, a P/E ratio of -2.67 and a beta of 1.98. The stock’s 50-day moving average price is $12.36 and its 200-day moving average price is $15.10. C3.ai has a 12-month low of $7.73 and a 12-month high of $30.24.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, February 25th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.11). C3.ai had a negative net margin of 141.35% and a negative return on equity of 53.96%. The company had revenue of $53.26 million during the quarter, compared to the consensus estimate of $75.91 million. During the same period last year, the firm posted ($0.12) EPS. The company’s revenue was down 46.1% on a year-over-year basis. As a group, research analysts predict that C3.ai will post -2.44 EPS for the current year.

Insider Transactions at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 15,042 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $14.38, for a total transaction of $216,303.96. Following the completion of the transaction, the chief financial officer owned 223,120 shares of the company’s stock, valued at approximately $3,208,465.60. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Thomas M. Siebel sold 511,732 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $11.66, for a total transaction of $5,966,795.12. Following the sale, the chairman owned 722,362 shares in the company, valued at approximately $8,422,740.92. This trade represents a 41.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,884,304 shares of company stock valued at $24,970,674. Corporate insiders own 26.50% of the company’s stock.

Hedge Funds Weigh In On C3.ai

Several large investors have recently modified their holdings of AI. ProShare Advisors LLC grew its position in C3.ai by 2.4% during the 2nd quarter. ProShare Advisors LLC now owns 25,548 shares of the company’s stock valued at $628,000 after purchasing an additional 593 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of C3.ai by 5.2% in the second quarter. Moors & Cabot Inc. now owns 14,263 shares of the company’s stock worth $350,000 after buying an additional 700 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of C3.ai by 6.8% during the second quarter. Ameritas Investment Partners Inc. now owns 12,365 shares of the company’s stock valued at $304,000 after buying an additional 791 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of C3.ai by 48.7% during the first quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock valued at $51,000 after acquiring an additional 800 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in C3.ai by 76.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock worth $32,000 after acquiring an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.

C3.ai News Summary

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

• Positive Sentiment: Wedbush maintained an outperform stance despite lowering its target to $15, implying significant upside if the company stabilizes. Article
• Neutral Sentiment: UBS cut its target to $9 and moved to neutral — a smaller downgrade that still implies modest upside versus the current price. Article
• Negative Sentiment: Q3 results missed expectations: EPS of ($0.40) vs. ($0.29) est., revenue $53.3M vs. $75.9M est., and revenue down ~46% YoY — a clear near‑term demand and conversion problem. Earnings
• Negative Sentiment: Management cut 26% of global staff and flagged a reduced cost structure; Q4 revenue guide $48M–$52M vs. ~$77.6M consensus and FY revenue guide ~$246.7M–$250.7M vs. ~$298.7M consensus — guidance shortfalls drove much of the selloff. Reuters
• Negative Sentiment: Several firms aggressively lowered targets and ratings (JPMorgan to $7/underweight; Canaccord to $7/hold; KeyCorp to $6/underweight; Citizens JMP downgraded to market perform), amplifying selling pressure. Benzinga
• Negative Sentiment: Ademi LLP announced an investigation into potential securities‑fraud claims tied to C3.ai’s statements — a legal overhang that increases investor uncertainty. PR Newswire
• Negative Sentiment: Analyst and media commentary highlight structural issues: collapsing gross margins, difficulty converting pilots to enterprise contracts, and deepening losses — signaling the recovery path is uncertain and likely prolonged. Seeking Alpha

C3.ai Company Profile

C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.

The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.