C3.ai, Inc. reported a favorable litigation development in a Form 8-K filed July 17, 2026, disclosing that a federal court dismissed a securities class action complaint against the company and certain officers. The case, captioned *John Liggett, Sr., et al. v. C3 AI, Inc., et al.*, No. 3:25-cv-07129-TLT, had been filed on August 22, 2025, in the U.S. District Court for the Northern District of California. It was described as a putative securities class action against C3.ai and certain of its officers. According to the filing, on July 14, 2026, the court granted the defendants’ motion to dismiss the complaint in its entirety. C3.ai said the court dismissed every cause of action asserted in the complaint. The filing was made under Item 8.01, “Other Events,” which companies use to report significant developments that do not fall under more specific Form 8-K categories. The report does not describe any stock issuance, repurchase, insider transaction, option grant, vesting event, or other securities transaction. Accordingly, there are no share counts, prices, transaction codes, or post-transaction ownership figures disclosed. C3.ai also included standard forward-looking statement language, noting that statements about expectations around pending litigation are subject to risks and uncertainties. The company cautioned that litigation-related risks could result in unexpected costs, liabilities, or delays, and referred investors to risk factors in its SEC filings, including its Form 10-K for the year ended April 30, 2026. The dismissal is significant because securities class actions can expose public companies and executives to legal costs, potential damages, and reputational risk. While the filing does not provide the court’s reasoning or indicate whether plaintiffs may seek to amend or appeal, C3.ai’s disclosure states that, as of the July 14 ruling, the complaint was dismissed in full and every cause of action was rejected.
Stock detail
C3.ai (AI) stock price, chart, and key data
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Stock detail
C3.ai
AI · XNYS
+$0.26 (+3.01%) past day
$8.91
After hours $8.18 (-8.19%)
Key metrics
Financials
Quarterly revenue, profitability, and balance-sheet snapshot
Day range
$8.02 - $8.87
Close price
$8.59
Market cap
$1.3B
P/E ratio
-11.28
About the company
C3.ai Inc
C3.ai is an American information technology company specializing in enterprise artificial intelligence. Based in Redwood City, California, the company was founded in 2009 by Thomas Siebel and became a public company in 2020 on the New York Stock Exchange. On September 3, 2025 C3 AI announced that Stephen Ehikian, former acting administrator of the General Services Administration, had been appointed chief executive officer effective September 1, with Siebel continuing as executive chairman.
Analyst rating summary
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Mean target
$9.29
5
Sell
/ 9
Recent calls
06/05/2026
J.P. Morgan
Brian Essex
Sell
06/04/2026
D.A. Davidson
Lucky Schreiner
Sell · Price target $7.00
06/04/2026
Wedbush
Daniel Ives
Buy · Price target $15.00
Ticker holders
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#1Tom Suozzi
democrat · House · NY-3
- Sell$15,001 / $32,501 / $50,000
- Sell$15,001 / $32,501 / $50,000
- Buy$15,001 / $32,501 / $50,000
- Sell$50,001 / $75,001 / $100,000
- Sell$50,001 / $75,001 / $100,000
#2Pete Sessions
republican · House · TX-17
- Sell$1,000 / $8,000 / $15,000
- Sell$1,000 / $8,000 / $15,000
- Sell— / — / —
#3Pete Sessions
republican · House · TX-17
- Buy$1,000 / $8,000 / $15,000
- Buy$1,001 / $8,001 / $15,000
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