BlackRock Discloses Passive Stake in C3.ai as of Dec 31, 2023
Ticker: AI · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1577526
| Field | Detail |
|---|---|
| Company | C3.Ai, Inc. (AI) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns a big chunk of C3.ai, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that as of December 31, 2023, it holds a significant stake in C3.ai, Inc. (AI) common stock. This filing, an SC 13G, indicates that BlackRock is a passive investor, meaning they own a large chunk of the company but aren't trying to control its operations. This matters to investors because it signals that a large, reputable institution sees value in C3.ai, potentially boosting investor confidence and providing a stable institutional shareholder base.
Why It Matters
This filing shows that a major institutional investor, BlackRock, has a significant, passive ownership in C3.ai, which can be a vote of confidence for the company's stock.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and provides stability rather than introducing new risks.
Analyst Insight
A smart investor would view BlackRock's passive stake as a positive signal, suggesting institutional confidence in C3.ai, and might consider further research into the company's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the filer and institutional investor
- C3.ai, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in C3.ai for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-01-29
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically designated under Rule 13d-1(b), as indicated by the 'FORM TYPE: SC 13G' and '[X] Rule 13d-1(b)' in the filing.
Who is the subject company of this SC 13G filing?
The subject company is C3.ai, Inc., with the CUSIP Number 12468P104, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: C3.ai, Inc.' and 'CUSIP No. 12468P10'.
Who filed this SC 13G?
This SC 13G was filed by BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of C3.ai, Inc. is 12468P104, as listed under 'CUSIP Number' in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding C3.ai, Inc. (AI).