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

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

Analyst Ratings Changes

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

Cloudastructure Price Performance

The company has a fifty day moving average price of $0.51 and a 200-day moving average price of $0.70. The stock has a market capitalization of $8.34 million, a P/E ratio of -0.83 and a beta of 0.92.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSAI. Geode Capital Management LLC increased its position in 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 purchasing an additional 42,204 shares during the last quarter. Two Sigma Investments LP boosted its position in Cloudastructure by 104.6% in the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after buying an additional 47,916 shares during the period. State Street Corp grew its stake in Cloudastructure by 26.0% in the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after acquiring an additional 16,500 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Cloudastructure during the third quarter worth approximately $64,000. Finally, XTX Topco Ltd bought a new stake in shares of Cloudastructure during the fourth quarter valued at approximately $39,000.

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.