Cloudastructure (NASDAQ:CSAI) Trading Down 8.7% – Time to Sell?

Shares of Cloudastructure Inc. (NASDAQ:CSAI) traded down 8.7% during mid-day trading on Tuesday . The stock traded as low as $0.4647 and last traded at $0.4647. 418,032 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 317,226 shares. The stock had previously closed at $0.5090.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudastructure currently has an average rating of “Hold” and a consensus target price of $6.00.

Cloudastructure Stock Down 8.7%

The company has a fifty day moving average price of $0.58 and a 200-day moving average price of $0.80. The stock has a market capitalization of $11.39 million, a P/E ratio of -1.16 and a beta of 0.81.

Cloudastructure (NASDAQ:CSAI) last issued its earnings results on Tuesday, March 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Cloudastructure had a negative return on equity of 109.93% and a negative net margin of 166.26%.The firm had revenue of $1.79 million during the quarter. As a group, research analysts expect that Cloudastructure Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cloudastructure

Several large investors have recently added to or reduced their stakes in CSAI. Citadel Advisors LLC bought a new stake in Cloudastructure during the third quarter worth approximately $64,000. XTX Topco Ltd bought a new stake in Cloudastructure during the fourth quarter worth approximately $39,000. Two Sigma Investments LP increased its stake 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 acquiring an additional 47,916 shares during the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 42,204 shares during the last quarter. Finally, State Street Corp increased its stake in Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after acquiring an additional 16,500 shares during the last quarter.

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.