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

Cloudastructure (NASDAQ:CSAI) had its target price decreased by research analysts at Maxim Group to $1.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price target indicates a potential upside of 422.65% from the company’s current price.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1.50.

Cloudastructure Stock Down 3.7%

Shares of CSAI traded down $0.01 during trading hours on Monday, hitting $0.29. 420,316 shares of the company were exchanged, compared to its average volume of 451,370. Cloudastructure has a fifty-two week low of $0.25 and a fifty-two week high of $2.31. The company has a market cap of $7.17 million, a price-to-earnings ratio of -0.53 and a beta of 1.01. The firm’s fifty day moving average is $0.41 and its 200 day moving average is $0.59.

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

Institutional Trading of Cloudastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Cloudastructure in the 2nd quarter valued at $55,000. Two Sigma Investments LP increased its holdings in Cloudastructure by 104.6% in the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after purchasing an additional 47,916 shares in the last quarter. Citadel Advisors LLC bought a new position in Cloudastructure in the third quarter valued at about $64,000. Geode Capital Management LLC raised its position in 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 purchasing an additional 42,204 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after purchasing an additional 16,500 shares in 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.