Wall Street Zen Downgrades Cloudastructure (NASDAQ:CSAI) to Strong Sell

Cloudastructure (NASDAQ:CSAI) was downgraded by equities researchers at Wall Street Zen to a “strong sell” rating in a report issued on Saturday.

Several other research firms have also weighed in on CSAI. Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. Maxim Group dropped their price objective on shares of 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

Cloudastructure Price Performance

NASDAQ:CSAI opened at $5.71 on Friday. The firm has a market capitalization of $4.74 million, a price-to-earnings 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. The business has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $14.88.

Institutional Trading of Cloudastructure

Several institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Cloudastructure during the fourth quarter valued at approximately $39,000. Citadel Advisors LLC bought a new stake in shares of Cloudastructure during the 3rd quarter worth approximately $64,000. State Street Corp lifted its stake in shares of Cloudastructure by 26.0% during 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 during the last quarter. Two Sigma Investments LP boosted its holdings in Cloudastructure by 104.6% during the 3rd 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 boosted 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 acquiring an additional 42,204 shares during the period.

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.