Cloudastructure (NASDAQ:CSAI) Lowered to “Sell” Rating by Wall Street Zen

Cloudastructure (NASDAQ:CSAI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Cloudastructure Stock Performance

Shares of CSAI opened at $2.49 on Friday. The firm’s fifty day moving average is $3.93. Cloudastructure has a 1-year low of $2.36 and a 1-year high of $52.43.

Insiders Place Their Bets

In other news, insider Sheldon Richard Bentley sold 10,618 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $2.74, for a total value of $29,093.32. Following the sale, the insider now directly owns 320,451 shares of the company’s stock, valued at $878,035.74. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 91,122 shares of company stock valued at $253,984.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cloudastructure stock. Flaharty Asset Management LLC purchased a new position in shares of Cloudastructure, Inc. (NASDAQ:CSAI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,000 shares of the company’s stock, valued at approximately $53,000. Flaharty Asset Management LLC owned 0.08% of Cloudastructure as of its most recent filing with the Securities and Exchange Commission.

About Cloudastructure

Cloudastructure, Inc (“Cloudastructure”) was formed under the laws of the State of Delaware on March 28, 2003. We provide an award-winning cloud-based artificial intelligence (“AI”) video surveillance and Remote Guarding service built on AI and machine learning platforms. We operated as a small Silicon Valley startup until early 2021 when we raised over $35 million in funding under Regulation A of the Securities Act of 1933, as amended (the “Securities Act”).