C3.ai senior VP Merel Witteveen sells $25,209 in stock

Published 21/03/2025, 22:16
C3.ai senior VP Merel Witteveen sells $25,209 in stock

Merel Witteveen, the Senior Vice President of Operations at C3.ai, Inc. (NYSE:AI), recently sold a portion of her holdings in the company. The artificial intelligence enterprise software provider, currently valued at $3 billion, has seen its stock decline 35% year-to-date amid volatile market conditions. According to a recent SEC filing, Witteveen sold 1,133 shares of C3.ai’s Class A common stock on March 19, 2025, at a price of $22.25 per share. The transaction, carried out under a pre-established Rule 10b5-1 trading plan, totaled $25,209. Following this sale, Witteveen retains ownership of 7,287 shares in the company. InvestingPro analysis indicates the company maintains strong liquidity with a current ratio of 6.74, suggesting robust short-term financial health. For deeper insights into C3.ai’s insider trading patterns and comprehensive financial analysis, subscribers can access the full Pro Research Report, which covers what really matters about this and 1,400+ other top stocks.

In other recent news, C3 AI has formed a strategic alliance with PwC to advance the use of AI in various industries. This collaboration aims to enhance business operations through AI applications like predictive maintenance and anti-money laundering solutions. Meanwhile, C3 AI is gearing up for its annual international user conference, C3 Transform 2025, in Florida, focusing on the role of AI in enterprise software. The event will feature notable speakers and showcase new developments in the C3 AI Suite, including the C3 Agentic AI Platform.

In separate developments, Atrium Mortgage Investment Corporation reported a strong financial performance for the fourth quarter of 2024. The company achieved an earnings per share (EPS) of $0.27 for Q4 and $1.06 for the full year, marking it as the third-best year in its history. Atrium also announced an increase in its annual dividend from $0.90 to $0.93. The company has strategically shifted towards lower-risk mortgages and increased commercial loans, maintaining a robust market position despite a slight decrease in its mortgage portfolio.

These recent developments underscore the ongoing transformations and strategic initiatives within these companies, reflecting their efforts to adapt and thrive in their respective markets.

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