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

C3.ai (NYSE:AI) released its earnings results 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 company had revenue of $87.21 million for the quarter, compared to the consensus estimate of $86.94 million. During the same quarter in the previous year, the company earned ($0.56) EPS. C3.ai’s quarterly revenue was up 20.5% compared to the same quarter last year. C3.ai updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

C3.ai Stock Performance

Shares of C3.ai stock opened at $23.01 on Thursday. The stock has a market capitalization of $2.87 billion, a P/E ratio of -9.83 and a beta of 1.83. C3.ai has a 52-week low of $20.23 and a 52-week high of $38.30. The stock’s 50-day simple moving average is $26.55 and its 200 day simple moving average is $26.76.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley raised their target price on C3.ai from $21.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday, May 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Thursday, May 30th. Piper Sandler Companies reissued a “neutral” rating and issued a $24.00 price target on shares of C3.ai in a research report on Thursday. Northland Capmk raised shares of C3.ai from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Canaccord Genuity Group reduced their target price on shares of C3.ai from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.89.

Insider Buying and Selling at C3.ai

In related news, CFO Hitesh Lath sold 3,005 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $27.56, for a total value 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 approximately $203,668.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 34.00% of the company’s stock.

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.