Cloudastructure (NASDAQ:CSAI) Trading Down 24.7% – Here’s What Happened

Cloudastructure Inc. (NASDAQ:CSAI)’s stock price traded down 24.7% during trading on Monday . The company traded as low as $4.99 and last traded at $5.36. 129,882 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 91,275 shares. The stock had previously closed at $7.12.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CSAI shares. Maxim Group lowered their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.00.

Cloudastructure Stock Performance

The stock has a market capitalization of $4.45 million, a PE ratio of -0.33 and a beta of 1.14. The business’s 50-day moving average is $9.40 and its two-hundred day moving average is $15.46.

Institutional Trading of Cloudastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Cloudastructure during the fourth quarter worth about $39,000. Citadel Advisors LLC acquired a new stake in Cloudastructure in the third quarter valued at about $64,000. State Street Corp boosted its holdings 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 purchasing an additional 16,500 shares in the last quarter. Two Sigma Investments LP increased its position in Cloudastructure by 104.6% during the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after purchasing an additional 47,916 shares during the period. Finally, Geode Capital Management LLC increased its position in Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after purchasing an additional 42,204 shares during the period.

About Cloudastructure

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.