Maxim Group Cuts Cloudastructure (NASDAQ:CSAI) Price Target to $1.50

Cloudastructure (NASDAQ:CSAI) had its price objective cut by Maxim Group from $4.00 to $1.50 in a research note published on Monday morning, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1.50.

Cloudastructure Stock Performance

Shares of NASDAQ CSAI opened at $0.27 on Monday. Cloudastructure has a 1 year low of $0.25 and a 1 year high of $2.31. The firm’s 50 day moving average price is $0.39 and its 200 day moving average price is $0.58. The firm has a market cap of $6.70 million, a P/E ratio of -0.50 and a beta of 1.01.

Cloudastructure (NASDAQ:CSAI) last issued its quarterly earnings results on Friday, July 17th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $1.31 million during the quarter. Cloudastructure had a negative net margin of 153.89% and a negative return on equity of 109.64%. As a group, equities analysts predict that Cloudastructure will post -0.34 EPS for the current year.

Institutional Investors Weigh In On Cloudastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSAI. XTX Topco Ltd purchased a new position in shares of Cloudastructure in the 4th quarter worth about $39,000. Citadel Advisors LLC acquired a new stake in Cloudastructure during the 3rd quarter worth approximately $64,000. State Street Corp raised its holdings 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 buying an additional 16,500 shares during the period. Two Sigma Investments LP raised its holdings 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 buying an additional 47,916 shares during the period. Finally, Geode Capital Management LLC lifted its position in Cloudastructure by 27.3% during the fourth 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 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.