Cloudastructure (NASDAQ:CSAI) Given New $1.50 Price Target at Maxim Group

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

Separately, Weiss Ratings reaffirmed 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1.50.

Cloudastructure Stock Down 3.7%

NASDAQ CSAI traded down $0.01 on Monday, hitting $0.29. The company’s stock had a trading volume of 420,316 shares, compared to its average volume of 451,370. The company’s 50-day moving average is $0.41 and its 200 day moving average is $0.59. The firm has a market cap of $7.17 million, a PE ratio of -0.53 and a beta of 1.01. Cloudastructure has a 1-year low of $0.25 and a 1-year high of $2.31.

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

Hedge Funds Weigh In On Cloudastructure

A number of institutional investors and hedge funds have recently modified their holdings of CSAI. XTX Topco Ltd acquired a new stake in shares of Cloudastructure during the 4th quarter worth approximately $39,000. State Street Corp boosted its stake in Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after acquiring an additional 16,500 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cloudastructure by 27.3% during the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after acquiring an additional 42,204 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Cloudastructure in the third quarter worth $64,000. Finally, Two Sigma Investments LP increased its stake in Cloudastructure by 104.6% in 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 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.