Cloudastructure (NASDAQ:CSAI) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Cloudastructure (NASDAQ:CSAI) to a strong sell rating in a report published on Saturday morning.

Several other analysts have also weighed in on CSAI. Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. Maxim Group cut their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.00.

Cloudastructure Price Performance

NASDAQ CSAI opened at $5.70 on Friday. The business has a 50 day moving average price of $8.77 and a 200 day moving average price of $14.73. The company has a market capitalization of $4.73 million, a P/E ratio of -0.35 and a beta of 1.14. Cloudastructure has a 1-year low of $3.53 and a 1-year high of $69.15.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSAI. XTX Topco Ltd acquired a new position in shares of Cloudastructure during the 4th quarter worth approximately $39,000. State Street Corp lifted its stake in Cloudastructure by 26.0% in the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after buying an additional 16,500 shares in the last quarter. Geode Capital Management LLC grew its holdings in Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after buying an additional 42,204 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Cloudastructure during the 3rd quarter valued at $64,000. Finally, Two Sigma Investments LP increased its position 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.

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.