Benzinga | Sep 2, 2021 02:50PM EDT

Why C3.ai Shares Are Falling

C3Ai Inc (NYSE:AI) shares are trading lower after the company reported worse-than-expected first-quarter EPS results. The company also issued second-quarter and FY22 guidance.

* Piper Sandler analyst Arvind Ramnani maintained C3.ai with an Overweight and lowered the price target from $98 to $78

* Needham analyst Jack Andrews maintained C3.ai with a Buy and lowered the price target from $146 to $122

* Morgan Stanley analyst Sanjit Singh maintained C3.ai with an Underweight and lowered the price target from $62 to $45

* JMP Securities analyst Patrick Walravens maintained C3.ai with a Market Outperform and lowered the price target from $167 to $96



C3.ai is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy and operate large-scale Enterprise AI applications.

C3.ai has a 52-week high of $183.90 and a 52-week low of $44.35.