Cloudastructure (NASDAQ:CSAI) Stock Price Down 5.8% – Time to Sell?

Cloudastructure Inc. (NASDAQ:CSAI) shares fell 5.8% on Wednesday . The stock traded as low as $0.3435 and last traded at $0.3484. 118,425 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 353,533 shares. The stock had previously closed at $0.37.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Cloudastructure Price Performance

The stock’s fifty day simple moving average is $0.51 and its 200-day simple moving average is $0.70. The firm has a market cap of $8.71 million, a PE ratio of -0.87 and a beta of 0.92.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CSAI. XTX Topco Ltd purchased a new position in shares of Cloudastructure in the fourth quarter worth $39,000. Citadel Advisors LLC purchased a new position in shares of Cloudastructure in the third quarter worth $64,000. State Street Corp raised its holdings in shares of Cloudastructure by 26.0% in the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after buying an additional 16,500 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Cloudastructure by 104.6% in 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 during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Cloudastructure by 27.3% in 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 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.