Cloudastructure (NASDAQ:CSAI) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Cloudastructure (NASDAQ:CSAI) to a strong sell rating in a research note issued to investors on Saturday.

Several other research firms have also recently commented on CSAI. Maxim Group lowered their target price on Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cloudastructure currently has a consensus rating of “Hold” and an average price target of $45.00.

Cloudastructure Trading Up 9.0%

Shares of NASDAQ:CSAI opened at $5.71 on Friday. The firm’s 50 day moving average is $8.87 and its two-hundred day moving average is $14.97. The firm has a market capitalization of $4.74 million, a P/E ratio of -0.35 and a beta of 1.13. Cloudastructure has a 52 week low of $3.53 and a 52 week high of $69.15.

Hedge Funds Weigh In On Cloudastructure

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of Cloudastructure in the 4th quarter worth approximately $39,000. Citadel Advisors LLC acquired a new stake in Cloudastructure during the third quarter valued at approximately $64,000. State Street Corp lifted its stake in Cloudastructure by 26.0% during the fourth 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 during the last quarter. Two Sigma Investments LP boosted its holdings in Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after buying an additional 47,916 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Cloudastructure by 27.3% during the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after buying an additional 42,204 shares in the last quarter.

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.