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Thomas M. Siebel, the Chief Executive Officer of C3.ai, Inc. (NYSE:AI), has recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Siebel sold shares totaling approximately $12.57 million. The transactions were executed over several days, with prices ranging from $19.47 to $20.81 per share. The sales come as C3.ai’s stock has experienced significant volatility, with InvestingPro data showing a 26% decline over the past six months.
The sales were conducted as part of a pre-established trading plan under Rule 10b5-1, which allows major shareholders and insiders to sell a predetermined number of shares at a set time to avoid concerns about insider trading. Following these transactions, Siebel’s direct ownership in C3.ai has been significantly reduced. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 6.74, indicating robust liquidity. The stock currently appears undervalued based on InvestingPro’s Fair Value calculations.
These transactions come at a time when C3.ai is navigating a competitive landscape in the artificial intelligence sector. Despite reporting revenue growth of nearly 24% in the last twelve months, analysts don’t expect profitability this year. Investors will likely be watching closely to see how this development impacts the company’s stock performance and strategic direction. For deeper insights into C3.ai’s financial health and market position, including 8 additional ProTips and comprehensive valuation metrics, check out the full analysis on InvestingPro.
In other recent news, C3 AI has been active with several strategic partnerships and events. The company announced a collaboration with Arcfield to enhance the use of AI applications within defense and intelligence agencies. This partnership aims to improve the development and deployment of AI solutions, addressing complex challenges in national security. Additionally, C3 AI has formed a strategic alliance with PwC to foster the adoption of AI in business transformations across various industries, including banking and industrial manufacturing. This collaboration will leverage C3 AI’s software solutions and PwC’s advisory expertise to enhance operations and decision-making for businesses.
Furthermore, C3 AI is set to host its sixth annual international user conference, C3 Transform 2025, in Florida. The event will feature discussions on the impact of generative and agentic AI on enterprise software, with notable speakers such as Condoleezza Rice and Kevin McCarthy. Attendees will gain insights into the latest developments in the C3 AI Suite and its applications across various sectors. Meanwhile, Atrium Mortgage Investment Corporation reported its fourth-quarter 2024 earnings, highlighting an EPS of $0.27 and a dividend increase to $0.93 annually. Despite a slight decrease in its mortgage portfolio, Atrium maintained a strong market position, focusing on lower-risk mortgages and increased commercial loans.
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