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

Cloudastructure (NASDAQ:CSAI) had its price objective trimmed by Maxim Group to $1.50 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research note on Monday, July 6th. One equities 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.50.

Cloudastructure Stock Performance

Cloudastructure stock opened at $0.29 on Monday. The company’s fifty day moving average price is $0.40 and its 200 day moving average price is $0.59. Cloudastructure has a 1 year low of $0.25 and a 1 year high of $2.31. The stock has a market capitalization of $7.17 million, a P/E ratio of -0.53 and a beta of 1.01.

Cloudastructure (NASDAQ:CSAI) last issued its quarterly earnings results on Friday, July 17th. The company reported ($0.14) EPS for the quarter. The company had revenue of $1.31 million during the quarter. Cloudastructure had a negative return on equity of 109.64% and a negative net margin of 153.89%. Sell-side analysts predict that Cloudastructure will post -0.33 EPS for the current year.

Institutional Trading of Cloudastructure

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in Cloudastructure in the 3rd quarter valued at $64,000. XTX Topco Ltd purchased a new stake in shares of Cloudastructure during the fourth quarter worth $39,000. Two Sigma Investments LP grew 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 worth $118,000 after buying an additional 47,916 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Cloudastructure by 27.3% in 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 during the last quarter. Finally, State Street Corp raised its position in shares of 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 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.