C3.ai (NYSE:AI) Issues Quarterly Earnings Results

C3.ai (NYSE:AI - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.08, Briefing.com reports. The company had revenue of $87.21 million for the quarter, compared to the consensus estimate of $86.94 million. C3.ai had a negative return on equity of 30.95% and a negative net margin of 93.36%. The company's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the business posted ($0.56) EPS. C3.ai updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

C3.ai Trading Down 8.2 %

NYSE AI traded down $1.89 during mid-day trading on Thursday, reaching $21.12. 25,807,143 shares of the company's stock traded hands, compared to its average volume of 5,952,413. C3.ai has a 1-year low of $18.85 and a 1-year high of $38.30. The company has a fifty day simple moving average of $26.46 and a 200-day simple moving average of $26.73. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -8.62 and a beta of 1.83.

Analysts Set New Price Targets

A number of research firms have recently commented on AI. Needham & Company LLC restated a "hold" rating on shares of C3.ai in a report on Thursday. Piper Sandler cut their price objective on C3.ai from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday. Northland Securities upgraded C3.ai from a "market perform" rating to an "outperform" rating and set a $35.00 target price for the company in a research note on Thursday, May 30th. Canaccord Genuity Group lowered their target price on C3.ai from $30.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Bank of America lowered their target price on C3.ai from $24.00 to $20.00 and set an "underperform" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $27.70.

Insider Buying and Selling at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 3,005 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $27.56, for a total transaction of $82,817.80. Following the transaction, the chief financial officer now owns 7,390 shares of the company's stock, valued at approximately $203,668.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 34.00% of the stock is owned by insiders.

About C3.ai

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.