BlackRock Discloses Passive Stake in C3.ai as of Dec 31, 2023

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

From the Filing

0001086364-24-005559.txt : 20240129 0001086364-24-005559.hdr.sgml : 20240129 20240129172551 ACCESSION NUMBER: 0001086364-24-005559 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: C3.ai, Inc. CENTRAL INDEX KEY: 0001577526 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263999357 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-92071 FILM NUMBER: 24574910 BUSINESS ADDRESS: STREET 1: 1400 SEAPORT BLVD CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 650-503-2200 MAIL ADDRESS: STREET 1: 1400 SEAPORT BLVD CITY: REDWOOD CITY STATE: CA ZIP: 94063 FORMER COMPANY: FORMER CONFORMED NAME: C3 IoT, Inc. DATE OF NAME CHANGE: 20180123 FORMER COMPANY: FORMER CONFORMED NAME: C3, Inc. DATE OF NAME CHANGE: 20130522 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us12468p1049_012924.txt us12468p1049_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) C3.ai, Inc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 12468P104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 12468P104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 6614710 (6) Shared voting power 0 (7) Sole dispositive power 6750444 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 6750444 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- C3.ai, Inc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1300 SEAPORT BLVD, SUITE 500 REDWOOD CITY CA 94063 Item 2. 2(a) Name of person filing: ---------------------------------------------------------