C3.ai, Inc. (NYSE:AI), a company currently valued at $4.5 billion with a FAIR overall financial health score according to InvestingPro, saw a notable transaction from its Senior Vice President of Operations, Merel Witteveen, according to a recent SEC filing. On December 30, Witteveen sold a total of 11,132 shares of Class A Common Stock, generating proceeds of $389,108. The shares were sold at prices ranging from $34.56 to $35.35, with the stock showing significant volatility and a 26% return over the past year. Following these transactions, Witteveen holds 4,142 shares in the company. The sales were executed under a pre-established Rule 10b5-1 trading plan dated September 27, 2024. For comprehensive insider trading analysis and 10 additional key insights about C3.ai, access the full InvestingPro Research Report, part of our coverage of 1,400+ US stocks.
In other recent news, C3.ai has been the subject of multiple analyst evaluations and strategic partnerships. KeyBanc Capital Markets downgraded C3.ai stock from Sector Weight to Underweight due to 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 in fiscal year 2026 and the tangible outcomes of the Microsoft (NASDAQ:MSFT) partnership.
On the other hand, C3.ai and Collins Aerospace have announced an expanded partnership to develop AI-driven solutions for the defense and intelligence sectors. The joint initiatives will deploy applications from the C3 AI Defense and Intelligence Suite to enhance operational efficiency and decision-making capabilities within national security.
In a separate development, Canaccord Genuity raised its price target for C3.ai shares while maintaining a Hold rating. The firm acknowledged C3.ai’s impressive streak of seven consecutive quarters of accelerating growth and robust deal activity in large enterprises. However, the firm expressed concerns over profitability, noting a lowered profit guidance for FY25.
Meanwhile, JPMorgan downgraded C3.ai from Neutral to Underweight, citing concerns over uneven performance and high growth costs. The firm also voiced concerns over the company’s key relationship with Baker Hughes expiring in April 2025.
Lastly, C3.ai has entered into a partnership with IT systems integrator ECS to modernize the U.S. Army Intelligence’s information collection management processes. The partnership involves deploying C3 AI Decision Advantage, an AI-enabled application suite, to streamline the Army’s workflows.
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