Key Points
- Director Jim Snabe purchased 25,000 shares of C3.ai on March 9 at $9.00 per share ($225,000), raising his stake to 395,000 shares—a 6.76% increase valued at about $3.56 million.
- C3.ai missed its latest quarter (EPS $(0.40) vs. $(0.29) expected) and revenue fell 46.1% year‑over‑year to $53.3 million, leaving the company with deeply negative margins and return on equity.
- The stock is under pressure with a recent decline (~3.4%), a 12‑month range of $7.72–$30.24 and $1.26B market cap, and analysts skew bearish overall (average rating "Reduce" with several $6–$7 targets despite a $15.87 consensus).
C3.ai, Inc. (NYSE:AI - Get Free Report) Director Jim Snabe acquired 25,000 shares of the business's stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $9.00 per share, with a total value of $225,000.00. Following the transaction, the director directly owned 395,000 shares of the company's stock, valued at $3,555,000. The trade was a 6.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
C3.ai Stock Down 3.4%
C3.ai stock opened at $8.95 on Wednesday. The business has a 50 day moving average price of $11.54 and a two-hundred day moving average price of $14.59. C3.ai, Inc. has a 12 month low of $7.72 and a 12 month high of $30.24. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -2.84 and a beta of 2.05.
C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.11). The firm had revenue of $53.26 million for the quarter, compared to analyst estimates of $75.91 million. C3.ai had a negative return on equity of 53.96% and a negative net margin of 141.35%.C3.ai's revenue for the quarter was down 46.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS. On average, analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on AI shares. Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a report on Thursday, December 4th. UBS Group reaffirmed a "reduce" rating on shares of C3.ai in a report on Thursday, February 26th. Wolfe Research reiterated an "underperform" rating and set a $6.00 target price on shares of C3.ai in a research report on Thursday, February 26th. BMO Capital Markets set a $7.00 price target on shares of C3.ai in a research report on Thursday, February 26th. Finally, KeyCorp cut their price target on shares of C3.ai from $10.00 to $6.00 and set an "underweight" rating for the company in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $15.87.
Get Our Latest Stock Analysis on C3.ai
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Silicon Valley Capital Partners acquired a new stake in shares of C3.ai in the 2nd quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of C3.ai by 683.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,481 shares of the company's stock worth $26,000 after purchasing an additional 1,292 shares during the last quarter. Parallel Advisors LLC increased its position in shares of C3.ai by 76.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company's stock worth $32,000 after purchasing an additional 801 shares in the last quarter. Financial Consulate Inc. bought a new position in C3.ai during the 3rd quarter valued at about $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in C3.ai by 66.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company's stock valued at $29,000 after purchasing an additional 852 shares during the last quarter. 38.96% of the stock is owned by institutional investors.
C3.ai Company Profile
(
Get Free Report)
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.
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