C3.ai CFO sells $21,035 in inventory

REDWOOD CITY, Calif.—C3.ai, Inc. (NYSE:AI), an enterprise AI software program supplier with a market capitalization of $4.76 billion, noticed its Chief Monetary Officer Lath Hitesh promote shares of the corporate’s Class A typical inventory, based on a current SEC submitting. In line with InvestingPro evaluation, the corporate maintains a FAIR monetary well being rating, with the inventory displaying notable volatility in current months. The transaction, executed on January 2, concerned the sale of 601 shares at a worth of $35 per share, totaling $21,035. This transaction was carried out beneath a pre-established Rule 10b5-1 buying and selling plan set on September 27, 2024. Following this sale, Hitesh retains possession of 250 shares within the firm. The inventory has demonstrated robust momentum with a 6.83% achieve year-to-date, at the moment buying and selling at $36.75. Uncover extra insights and unique evaluation about C3.ai within the complete Professional Analysis Report, out there with an InvestingPro subscription.

In different current information, c3.ai has been the topic of a number of analyst changes and strategic developments. KeyBanc Capital Markets downgraded c3.ai from Sector Weight to Underweight, pushed by considerations over the corporate’s valuation and development prospects. The agency additionally highlighted potential dangers related to c3.ai’s partnerships, together with the renewal of the Baker Hughes (NASDAQ:BKR) settlement and the outcomes of the Microsoft (NASDAQ:MSFT) partnership.

On a optimistic word, c3.ai introduced an expanded partnership with Collins Aerospace to develop AI-driven options for the protection and intelligence sectors. The collaboration goals to boost operational effectivity and decision-making capabilities inside nationwide safety.

Furthermore, Canaccord Genuity elevated the value goal for c3.ai whereas sustaining a Maintain ranking, acknowledging the corporate’s streak of seven consecutive quarters of accelerating development. Nevertheless, considerations about profitability have been raised, with lowered FY25 revenue steering suggesting margins round damaging 31% on the midpoint.

In distinction, JPMorgan downgraded c3.ai from Impartial to Underweight, voicing considerations over the corporate’s uneven efficiency and excessive development prices. Lastly, c3.ai has partnered with IT methods integrator ECS to modernize the U.S. Military’s intelligence data assortment administration processes, marking a big step within the firm’s development trajectory.

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