C3.ai (NYSE:AI) Issues Earnings Results, Beats Estimates By $0.08 EPS

C3.ai (NYSE:AI) released its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08, Briefing.com reports. The firm 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 firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter 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 Stock Performance

Shares of AI stock opened at $23.01 on Thursday. The stock has a fifty day moving average price of $26.55 and a 200 day moving average price of $26.76. The stock has a market cap of $2.87 billion, a PE ratio of -9.83 and a beta of 1.83. C3.ai has a 1 year low of $20.23 and a 1 year high of $38.30.

Insider Buying and Selling

In related news, CFO Hitesh Lath sold 3,005 shares of C3.ai stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 7,390 shares of the company’s stock, valued at $203,668.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 34.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AI. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research note on Thursday, May 30th. Piper Sandler decreased their price objective on C3.ai from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Wedbush reaffirmed an “outperform” rating and set a $40.00 price objective on shares of C3.ai in a research report on Wednesday, May 29th. Piper Sandler Companies reaffirmed a “neutral” rating and set a $24.00 price objective on shares of C3.ai in a research report on Thursday. Finally, Morgan Stanley increased their price objective on C3.ai from $21.00 to $23.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, C3.ai currently has a consensus rating of “Hold” and a consensus price target of $29.89.

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.