Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
C3.ai, Inc. (NYSE:AI) held its 2025 Annual Meeting of Stockholders virtually on Friday. The artificial intelligence enterprise software provider, currently valued at $2.6 billion, maintains a strong financial position with more cash than debt and a healthy current ratio of 7.65x. Shareholders voted on three proposals, as detailed in a press release statement filed with the Securities and Exchange Commission. According to InvestingPro analysis, the company’s stock has shown significant volatility, with a beta of 1.95.
For the election of directors, stockholders elected General (Ret.) John Hyten, Richard C. Levin, and Bruce Sewell as Class II directors. Each will serve until the company’s 2028 annual meeting or until a successor is duly elected and qualified. The vote totals for each nominee were as follows: General (Ret.) John Hyten received 212,303,543 votes in favor and 4,651,864 withheld; Richard C. Levin received 212,645,179 votes in favor and 4,310,228 withheld; Bruce Sewell received 199,436,155 votes in favor and 17,519,252 withheld. There were 37,032,708 broker non-votes for each nominee.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers. The results were 186,563,591 votes for, 29,855,073 against, and 536,743 abstentions, with 37,032,708 broker non-votes.
In addition, shareholders ratified the appointment of Deloitte & Touche LLP as C3.ai’s independent registered public accounting firm for the fiscal year ending April 30, 2026. The ratification received 251,472,840 votes for, 1,822,718 against, and 692,557 abstentions.
No other matters were submitted for stockholder action at the meeting. All information is based on the company’s press release statement filed with the SEC.
In other recent news, C3 AI announced the launch of its new C3 AI Agentic Process Automation platform, designed to enhance business and operational workflows through AI agents. This platform aims to modernize traditional robotic process automation by integrating AI reasoning capabilities. Additionally, C3 AI has formed a strategic partnership with SMX to deliver secure AI solutions for government and commercial clients, ensuring compliance with high security standards. On the financial front, UBS adjusted its price target for C3 AI to $17, maintaining a Neutral rating, citing limited visibility into the company’s long-term growth prospects. Canaccord Genuity also revised its price target to $16, expressing concerns about the company’s growth trajectory. Furthermore, UBS previously lowered its price target to $16 following disappointing fiscal first-quarter results, with a fiscal year 2026 revenue outlook indicating a significant decline. These developments reflect the mixed sentiment surrounding C3 AI’s financial and strategic positioning in the market.
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