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

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

Wall Street Analysts Forecast Growth

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

Cloudastructure Stock Performance

The stock has a market capitalization of $10.43 million, a PE ratio of -1.04 and a beta of 1.01. The company’s fifty day simple moving average is $0.43 and its two-hundred day simple moving average is $0.61.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSAI. XTX Topco Ltd purchased a new stake in Cloudastructure in the 4th quarter valued at approximately $39,000. 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 acquiring an additional 16,500 shares during the last quarter. 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 acquiring an additional 42,204 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Cloudastructure in the third quarter valued at $64,000. Finally, Two Sigma Investments LP boosted its stake in shares of Cloudastructure by 104.6% during the third 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 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.