C3.Ai shares rise 1.28% premarket after restructuring sales and services organizations.

C3.Ai, Inc. rose 1.28% in premarket trading, with the company restructuring its global sales and services organization, including new leadership. The restructuring is now complete, with Rob Schilling joining as EVP and Chief Commercial Officer, responsible for all Sales, customer-facing teams, and Alliances. However, the company reported a 'brutal' fiscal first quarter, with Wedbush cutting its price target to $23 from $35 and DA Davidson downgrading the stock to Underperform from Neutral, adjusting its price target to $13 from $25.