Cloudastructure (NASDAQ:CSAI) Shares Down 4.2% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Cloudastructure Stock Down 4.2%

The business’s fifty day moving average is $0.43 and its 200-day moving average is $0.61. The stock has a market capitalization of $10.43 million, a PE ratio of -1.04 and a beta of 1.01.

Institutional Trading of Cloudastructure

Several institutional investors have recently made changes to their positions in CSAI. XTX Topco Ltd purchased a new position in shares of Cloudastructure in the 4th quarter worth $39,000. Citadel Advisors LLC purchased a new stake in Cloudastructure during the third quarter valued at about $64,000. State Street Corp grew its position 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 acquiring an additional 16,500 shares during the period. 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. Finally, 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.

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.