Cloudastructure (NASDAQ:CSAI) Trading Down 3.7% – What’s Next?

Cloudastructure Inc. (NASDAQ:CSAI)’s stock price traded down 3.7% during trading on Thursday . The stock traded as low as $0.7830 and last traded at $0.8254. 307,253 shares were traded during trading, a decline of 22% from the average session volume of 391,659 shares. The stock had previously closed at $0.8574.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CSAI. Wall Street Zen lowered Cloudastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Cloudastructure Stock Down 3.7%

The firm has a 50 day moving average of $1.15 and a 200-day moving average of $1.49. The company has a market cap of $16.11 million and a P/E ratio of -3.06.

Cloudastructure (NASDAQ:CSAI) last issued its earnings results on Thursday, November 13th. The company reported ($0.13) earnings per share for the quarter. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.The firm had revenue of $1.45 million during the quarter.

Cloudastructure announced that its board has approved a stock repurchase plan on Thursday, October 16th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to buy up to 19.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Cloudastructure

Hedge funds have recently made changes to their positions in the stock. Flaharty Asset Management LLC acquired a new position in shares of Cloudastructure during the first quarter valued at about $53,000. XTX Topco Ltd purchased a new stake in Cloudastructure during the 2nd quarter worth approximately $55,000. Citadel Advisors LLC acquired a new position in Cloudastructure during the 3rd quarter valued at approximately $64,000. Finally, Two Sigma Investments LP raised its holdings in shares of Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after buying an additional 47,916 shares during 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.