Cloudastructure (NASDAQ:CSAI) Trading Down 4.2% – Time to Sell?

Cloudastructure Inc. (NASDAQ:CSAI)’s stock price fell 4.2% during trading on Friday . The company traded as low as $0.4023 and last traded at $0.4175. Approximately 343,116 shares traded hands during trading, a decline of 67% from the average daily volume of 1,024,514 shares. The stock had previously closed at $0.4358.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Cloudastructure Price Performance

The stock has a fifty day moving average price of $0.43 and a 200-day moving average price of $0.61. The company has a market cap of $10.43 million, a PE ratio of -1.04 and a beta of 1.01.

Institutional Trading of Cloudastructure

Several institutional investors have recently made changes to their positions in CSAI. State Street Corp increased its stake in Cloudastructure by 26.0% in the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after buying an additional 16,500 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after buying an additional 42,204 shares during the period. Citadel Advisors LLC purchased a new position in shares of Cloudastructure during the 3rd quarter valued at $64,000. Two Sigma Investments LP grew its holdings in shares of Cloudastructure by 104.6% during the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after acquiring an additional 47,916 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Cloudastructure in the second quarter worth $55,000.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.