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

C3.ai (NYSE:AI) issued its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.08, Briefing.com reports. C3.ai had a negative net margin of 93.36% and a negative return on equity of 30.95%. The business had revenue of $87.21 million during the quarter, compared to analyst estimates of $86.94 million. During the same quarter last year, the business earned ($0.56) EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. C3.ai updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

C3.ai Stock Down 8.2 %

Shares of AI stock opened at $21.12 on Friday. The firm has a 50 day moving average of $26.31 and a 200-day moving average of $26.69. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -9.03 and a beta of 1.83. C3.ai has a 52 week low of $18.85 and a 52 week high of $38.30.

Analysts Set New Price Targets

AI has been the topic of a number of recent research reports. Northland Capmk upgraded shares of C3.ai from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 30th. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 target price on shares of C3.ai in a report on Thursday. Bank of America reduced their price target on C3.ai from $24.00 to $20.00 and set an “underperform” rating on the stock in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday. Finally, Canaccord Genuity Group reduced their target price on C3.ai from $30.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.70.

Insider Activity at C3.ai

In related news, CFO Hitesh Lath sold 3,005 shares of the company’s 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 directly 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 can be accessed through this link. 34.00% of the stock is owned by corporate insiders.

C3.ai Company Profile

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.