REDWOOD CITY, Calif.—C3.ai, Inc. (NYSE:AI), an enterprise AI software provider with a market capitalization of $4.76 billion, saw its Chief Financial Officer Lath Hitesh sell shares of the company's Class A common stock, according to a recent SEC filing. According to InvestingPro analysis, the company maintains a FAIR financial health score, with the stock showing notable volatility in recent months. The transaction, executed on January 2, involved the sale of 601 shares at a price of $35 per share, totaling $21,035. This transaction was conducted under a pre-established Rule 10b5-1 trading plan set on September 27, 2024. Following this sale, Hitesh retains ownership of 250 shares in the company. The stock has demonstrated strong momentum with a 6.83% gain year-to-date, currently trading at $36.75. Discover more insights and exclusive analysis about C3.ai in the comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, c3.ai has been the subject of multiple analyst adjustments and strategic developments. KeyBanc Capital Markets downgraded c3.ai from Sector Weight to Underweight, driven by concerns over the company's valuation and growth prospects. The firm also highlighted potential risks associated with c3.ai's partnerships, including the renewal of the Baker Hughes (NASDAQ:BKR) agreement and the outcomes of the Microsoft (NASDAQ:MSFT) partnership.
On a positive note, c3.ai announced an expanded partnership with Collins Aerospace to develop AI-driven solutions for the defense and intelligence sectors. The collaboration aims to enhance operational efficiency and decision-making capabilities within national security.
Moreover, Canaccord Genuity (TSX:CF) increased the price target for c3.ai while maintaining a Hold rating, acknowledging the company's streak of seven consecutive quarters of accelerating growth. However, concerns about profitability were raised, with lowered FY25 profit guidance suggesting margins around negative 31% at the midpoint.
In contrast, JPMorgan (NYSE:JPM) downgraded c3.ai from Neutral to Underweight, voicing concerns over the company's uneven performance and high growth costs. Lastly, c3.ai has partnered with IT systems integrator ECS to modernize the U.S. Army's intelligence information collection management processes, marking a significant step in the company's growth trajectory.
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