C3.ai senior VP Witteveen sells $389,108 in inventory

C3.ai, Inc. (NYSE:AI), an organization at present valued at $4.5 billion with a FAIR total monetary well being rating in response to InvestingPro, noticed a notable transaction from its Senior Vice President of Operations, Merel Witteveen, in response to a latest SEC submitting. On December 30, Witteveen offered a complete of 11,132 shares of Class A Frequent Inventory, producing proceeds of $389,108. The shares have been offered at costs starting from $34.56 to $35.35, with the inventory displaying important volatility and a 26% return over the previous yr. Following these transactions, Witteveen holds 4,142 shares within the firm. The gross sales have been executed below a pre-established Rule 10b5-1 buying and selling plan dated September 27, 2024. For complete insider buying and selling evaluation and 10 further key insights about C3.ai, entry the total InvestingPro Analysis Report, a part of our protection of 1,400+ US shares.

In different latest information, C3.ai has been the topic of a number of analyst evaluations and strategic partnerships. KeyBanc Capital Markets downgraded C3.ai inventory from Sector Weight to Underweight attributable to issues over the corporate’s valuation and progress prospects. The agency additionally highlighted potential dangers related to C3.ai’s partnerships, together with the renewal of the Baker Hughes (NASDAQ:BKR) settlement in fiscal yr 2026 and the tangible outcomes of the Microsoft (NASDAQ:MSFT) partnership.

Then again, C3.ai and Collins Aerospace have introduced an expanded partnership to develop AI-driven options for the protection and intelligence sectors. The joint initiatives will deploy purposes from the C3 AI Protection and Intelligence Suite to boost operational effectivity and decision-making capabilities inside nationwide safety.

In a separate improvement, Canaccord Genuity raised its value goal for C3.ai shares whereas sustaining a Maintain score. The agency acknowledged C3.ai’s spectacular streak of seven consecutive quarters of accelerating progress and strong deal exercise in massive enterprises. Nevertheless, the agency expressed issues over profitability, noting a lowered revenue steering for FY25.

In the meantime, JPMorgan downgraded C3.ai from Impartial to Underweight, citing issues over uneven efficiency and excessive progress prices. The agency additionally voiced issues over the corporate’s key relationship with Baker Hughes expiring in April 2025.

Lastly, C3.ai has entered right into a partnership with IT techniques integrator ECS to modernize the U.S. Military Intelligence’s info assortment administration processes. The partnership entails deploying C3 AI Choice Benefit, an AI-enabled utility suite, to streamline the Military’s workflows.

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