11:02 AM EDT, 08/11/2025 (MT Newswires) -- C3.ai ( AI ) addressed major issues with its fiscal Q1 performance through an overhaul of its sales division, Wedbush Securities said in a note Monday.

The company reported its preliminary fiscal Q1 results Friday, with total revenue expected to be in the range of $70.2 million to $70.4 million, below the Street's $104 million estimate. C3.ai ( AI ) Chief Executive Officer Thomas Siebel said Q1 sales were "completely unacceptable."

Siebel said Friday his health issues in the past six months prevented him from participating in the company's sales process actively. This had a "major impact" on the company's position to close deals, Wedbush said.

C3.ai ( AI ) announced Friday the completion of its sales reorganization, which is intended to spur its growth efforts. The reorganization included a string of appointments expected to give the company the "necessary manpower" to capitalize on opportunities ahead, according to the investment firm.

Wedbush said, however, "it will take lots of time to regain Street confidence and build further momentum in the stock given the weakness in its operational performance."

C3.ai ( AI ) is scheduled to release its fiscal Q1 results on Sept. 3.

Wedbush cut its price target on C3.ai ( AI ) stock to $23 from $35, while maintaining an outperform rating.

Price: 16.88, Change: -5.25, Percent Change: -23.71