C3.ai (NYSE:AI) Receives Underperform Rating from DA Davidson

DA Davidson restated their underperform rating on shares of C3.ai (NYSE:AI) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $7.00 price target on the stock.

A number of other research firms also recently weighed in on AI. Canaccord Genuity Group boosted their target price on C3.ai from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Wednesday. Citizens Jmp downgraded C3.ai from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 26th. Weiss Ratings downgraded C3.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Wolfe Research restated an “underperform” rating and set a $6.00 target price on shares of C3.ai in a research report on Thursday, February 26th. Finally, KeyCorp dropped their price objective on C3.ai from $10.00 to $6.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, C3.ai currently has a consensus rating of “Reduce” and an average target price of $15.93.

C3.ai Stock Down 1.4%

AI stock opened at $8.67 on Wednesday. The company has a market cap of $1.26 billion, a P/E ratio of -2.75 and a beta of 2.00. C3.ai has a twelve month low of $7.68 and a twelve month high of $30.24. The business has a fifty day moving average of $8.86 and a 200-day moving average of $11.87.

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). The firm had revenue of $53.26 million for the quarter, compared to the consensus estimate of $75.91 million. C3.ai had a negative return on equity of 55.40% and a negative net margin of 141.35%.The company’s revenue was down 46.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) EPS. As a group, equities research analysts anticipate that C3.ai will post -3.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen Bradley Ehikian sold 52,194 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $8.22, for a total value of $429,034.68. Following the completion of the sale, the chief executive officer owned 721,485 shares in the company, valued at approximately $5,930,606.70. This represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Hitesh Lath sold 15,248 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $8.98, for a total value of $136,927.04. Following the completion of the sale, the chief financial officer owned 238,308 shares of the company’s stock, valued at $2,140,005.84. This represents a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,111,051 shares of company stock worth $9,547,130. Company insiders own 26.50% of the company’s stock.

Institutional Investors Weigh In On C3.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AI. Vanguard Group Inc. grew its stake in C3.ai by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 14,469,953 shares of the company’s stock valued at $195,055,000 after acquiring an additional 108,011 shares during the period. Morgan Stanley grew its stake in C3.ai by 1.9% in the fourth quarter. Morgan Stanley now owns 4,824,499 shares of the company’s stock valued at $65,034,000 after acquiring an additional 91,802 shares during the period. State Street Corp grew its stake in C3.ai by 3.3% in the fourth quarter. State Street Corp now owns 2,976,389 shares of the company’s stock valued at $40,122,000 after acquiring an additional 94,086 shares during the period. Geode Capital Management LLC grew its stake in C3.ai by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,868,578 shares of the company’s stock valued at $38,675,000 after acquiring an additional 21,451 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in C3.ai by 9.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,425,976 shares of the company’s stock valued at $42,066,000 after acquiring an additional 211,786 shares during the period. Institutional investors own 38.96% of the company’s stock.

Key Stories Impacting C3.ai

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

• Positive Sentiment: C3.ai’s preliminary Q4 and full-year FY2026 results said revenue met guidance and losses narrowed, which suggests improving cost control and execution. C3.ai Q4 Preliminary Results: Revenues Meet Expectations, Loss Narrows
• Positive Sentiment: Canaccord raised its price target on C3.ai to $8 from $7, indicating some analysts see better near-term value after the recent selloff. Canaccord Raises C3.ai Price Target as Tom Siebel Returns to the CEO Seat
• Positive Sentiment: Wedbush reaffirmed an outperform rating and kept a much higher $15 price target, signaling continued bullishness from at least one major analyst. Wedbush reaffirmed rating and price target
• Neutral Sentiment: Tom Siebel has returned as CEO less than a year after stepping down, and C3.ai also announced broader executive leadership changes. Investors may view this as a stabilizing move, but it also highlights ongoing organizational transition. Tom Siebel returns as C3.ai CEO less than a year after stepping down
• Negative Sentiment: Bookings missed expectations in the preliminary results, which is a key concern because it points to softer future demand even as revenue held up. C3.ai Q4 Preliminary Results: Revenues Meet Expectations, Loss Narrows
• Negative Sentiment: DA Davidson reiterated an underperform rating with a $7 price target, reinforcing skepticism about upside from current levels. DA Davidson underperform rating reaffirmed

About C3.ai

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.