SCHEDULE 13G/A: BlackRock Discloses 8.0% Stake in C3.ai, Inc. Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 8.0% of C3.ai, Inc.'s common stock as of December 31, 2024.
Summary
- BlackRock, Inc. reported beneficial ownership of 9,984,692 shares of C3.ai, Inc. common stock.
- This ownership represents 8.0% of the total outstanding common stock of C3.ai, Inc.
- BlackRock, Inc. holds sole voting power over 9,725,282 shares and sole dispositive power over 9,984,692 shares.
- The filing is an Amendment No. 1 to Schedule 13G, indicating a change from a previous filing.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of C3.ai, Inc.
- BlackRock, Inc. is classified as a parent holding company (HC) for this filing.
- Several BlackRock subsidiaries, including BlackRock Fund Advisors, are identified as entities through which the securities are held, with BlackRock Fund Advisors beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or forward-looking statements from the issuer that would indicate a strong positive or negative sentiment. It is a neutral, compliance-driven filing.
Positives
- BlackRock, a major institutional investor, maintaining or increasing its stake in C3.ai, Inc. could be viewed as a positive signal of confidence in the company's long-term prospects.
Future Outlook
NA
Industry Context
This filing reflects a routine disclosure by a major asset manager regarding its passive investment in a publicly traded company. It does not provide specific insights into C3.ai's operational performance or industry trends beyond the fact that a significant institutional investor holds a substantial stake.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date). |
| 01/21/2025 | Effective date of the Power of Attorney authorizing BlackRock representatives to sign filings. |
| 02/05/2025 | Date the Schedule 13G was signed by BlackRock, Inc. |
Keywords
BlackRock, C3.ai, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, AI Software, Enterprise AI
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