Cloudastructure, Inc. (NASDAQ:CSAI) Insider Sheldon Richard Bentley Sells 18,794 Shares

Cloudastructure, Inc. (NASDAQ:CSAI) insider Sheldon Richard Bentley sold 18,794 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $2.97, for a total value of $55,818.18. Following the transaction, the insider now directly owns 301,657 shares of the company’s stock, valued at $895,921.29. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sheldon Richard Bentley also recently made the following trade(s):

• On Wednesday, May 28th, Sheldon Richard Bentley sold 21,225 shares of Cloudastructure stock. The shares were sold at an average price of $2.77, for a total value of $58,793.25.
• On Friday, May 23rd, Sheldon Richard Bentley sold 10,618 shares of Cloudastructure stock. The shares were sold at an average price of $2.74, for a total value of $29,093.32.
• On Thursday, May 22nd, Sheldon Richard Bentley sold 9,637 shares of Cloudastructure stock. The stock was sold at an average price of $3.06, for a total transaction of $29,489.22.

Cloudastructure Trading Down 2.2%

Shares of CSAI stock opened at $2.68 on Friday. The company has a fifty day simple moving average of $4.25. Cloudastructure, Inc. has a 1 year low of $2.60 and a 1 year high of $52.43.

Hedge Funds Weigh In On Cloudastructure

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Cloudastructure from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Cloudastructure Company Profile

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”).