Cloudastructure (NASDAQ:CSAI) Trading Down 24.7% – Should You Sell?

Cloudastructure Inc. (NASDAQ:CSAI) fell 24.7% during mid-day trading on Monday . The stock traded as low as $4.99 and last traded at $5.36. 129,882 shares traded hands during trading, an increase of 42% from the average daily volume of 91,275 shares. The stock had previously closed at $7.12.

Analysts Set New Price Targets

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

Cloudastructure Trading Down 2.8%

The company has a market capitalization of $4.32 million, a P/E ratio of -0.32 and a beta of 1.13. The business has a 50 day moving average price of $9.24 and a 200 day moving average price of $15.33.

Hedge Funds Weigh In On Cloudastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in CSAI. XTX Topco Ltd acquired a new position in shares of Cloudastructure in the 2nd quarter valued at $55,000. Citadel Advisors LLC bought a new position in Cloudastructure during the third quarter worth about $64,000. State Street Corp grew its stake in Cloudastructure by 26.0% in 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 grew its stake in Cloudastructure by 104.6% in 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 period. Finally, Geode Capital Management LLC increased 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 in 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.