C3.ai, Inc. (NYSE: ), a company currently valued at $4.5 billion with a FER overall financial health rating of InvestingProexperienced a significant transaction by its senior vice president of operations, Merel Witteveen, according to a recent filing with the SEC. Witteveen sold a total of 11,132 shares of Class A Common Stock on December 30, generating proceeds of $389,108. The stock traded at prices ranging from $34.56 to $35.35, and the stock has shown significant volatility and a return of 26% over the past year. After these transactions, Witteveen holds 4,142 shares in the company. The sales were made pursuant to a predetermined Rule 10b5-1 trading plan dated September 27, 2024. For a comprehensive analysis of insider trading and 10 additional key insights about C3.ai, access the full InvestingPro Research report, part of our coverage of more than 1,400 US stocks.
In other recent news, C3.ai has been the subject of multiple analyst valuations and strategic partnerships. KeyBanc Capital Markets downgraded C3.ai from Sector Weight to Underweight due to concerns about the company’s valuation and growth prospects. The company also highlighted the potential risks associated with C3.ai partnerships, including renewal Baker Hughes (NASDAQ: ) agreement in fiscal year 2026 and the tangible results of the Microsoft (NASDAQ: ) partnership.
On the other hand, C3.ai and Collins Aerospace announced the expansion of their partnership to develop artificial intelligence-driven solutions for the defense and intelligence sectors. The joint initiatives will deploy applications from the C3 AI Defense and Intelligence Suite to improve operational efficiency and decision-making capabilities within national security.
In a separate development, Canaccord Genuity raised its price target on C3.ai shares and maintained a Hold rating. The company credited C3.ai with an impressive streak of seven consecutive quarters of accelerated growth and strong business activity in large enterprises. However, the company expressed concerns about profitability, noting lower profit guidance for FY25.
Meanwhile, JPMorgan downgraded C3.ai from Neutral to Underweight, citing concerns over inconsistent performance and high growth costs. The company also raised concerns about the company’s key relationship with Baker Hughes, which expires in April 2025.
Finally, C3.ai partnered with IT systems integrator ECS to modernize US intelligence data collection management processes. The partnership includes the deployment of C3 AI Decision Advantage, a suite of AI-enabled applications, to streamline military workflows.
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