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Richard Levin, a director at C3.ai, Inc. (NYSE:AI), recently sold a substantial portion of the company’s Class A Common Stock. According to the latest SEC filings, Levin executed sales totaling $1.17 million. The shares were sold at prices ranging from $26.31 to $30.02 per share, with the current stock trading at $24.97. The company maintains a strong balance sheet, with a current ratio of 6.86x indicating robust liquidity.
The transactions took place on May 29 and June 2, 2025. On May 29, Levin sold 36,000 shares, and on June 2, he sold an additional 6,000 shares. These sales were part of a pre-established Rule 10b5-1 trading plan dated September 29, 2024, which allows insiders to set up a trading plan for selling stocks they own.
Additionally, Levin acquired shares through the exercise of stock options at prices between $4.68 and $11.16, amounting to a total of $209,811. Following these transactions, Levin’s direct ownership in C3.ai stands at 161,664 shares.
These moves come amidst fluctuating market conditions for C3.ai, a company known for its AI software solutions. The stock has shown significant volatility, with a 9.9% gain in the past week despite a 31% decline over six months. According to InvestingPro data, nine analysts have revised their earnings downward for the upcoming period. Investors often keep a close watch on insider transactions as they can provide insights into the company’s future performance and the insiders’ confidence in the business. For deeper insights into C3.ai’s valuation and growth prospects, including exclusive ProTips and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, C3 AI announced a $13 million task order from the United States Air Force (USAF) to enhance its AI-enabled predictive maintenance system, as part of a larger $450 million agreement. This expansion aims to broaden the deployment of C3 AI’s technology across additional aircraft platforms, leveraging sensor-based algorithms to forecast maintenance needs. The USAF contract, initially capped at $100 million, was increased to $450 million, highlighting the growing importance of AI-driven solutions in military operations. KeyBanc Capital Markets adjusted C3 AI’s stock price target to $18 from $17, maintaining an Underweight rating, following a mixed performance in the company’s fourth fiscal quarter results. Canaccord Genuity also revised its price target for C3 AI to $28 from $30, citing concerns about cash burn and growth moderation, while maintaining a Hold rating. Meanwhile, DA Davidson raised its price target to $25 from $18, retaining a Neutral rating, acknowledging C3 AI’s stable revenue growth and strategic partnership with Baker Hughes (NASDAQ:BKR). These developments reflect a cautious yet optimistic outlook from analysts regarding C3 AI’s financial trajectory and market position.
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