Cloudastructure (NASDAQ:CSAI) Upgraded at Zacks Research

Zacks Research upgraded shares of Cloudastructure (NASDAQ:CSAI) to a hold rating in a report published on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on CSAI. Wall Street Zen cut Cloudastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Cloudastructure Stock Down 0.6%

Shares of Cloudastructure stock opened at $0.86 on Thursday. The company’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $1.39. Cloudastructure has a 12-month low of $0.78 and a 12-month high of $52.43. The firm has a market cap of $16.87 million and a PE ratio of -3.20.

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

Cloudastructure declared that its board has initiated a share repurchase program on Thursday, October 16th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to reacquire up to 19.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Cloudastructure during the third quarter worth about $64,000. Two Sigma Investments LP lifted its holdings in shares of Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Cloudastructure in the 2nd quarter worth approximately $55,000.

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.