Cloudastructure (NASDAQ:CSAI) Stock Rating Upgraded by Maxim Group

Cloudastructure (NASDAQ:CSAI) was upgraded by analysts at Maxim Group to a “strong-buy” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a $6.00 price objective on the stock. Maxim Group’s price target indicates a potential upside of 191.26% from the stock’s previous close.

Separately, Wall Street Zen downgraded Cloudastructure from a “hold” rating to a “sell” rating in a report on Saturday, June 7th.

Cloudastructure Trading Down 6.8%

CSAI opened at $2.06 on Monday. The business has a 50-day moving average of $3.01. Cloudastructure has a 12 month low of $1.70 and a 12 month high of $52.43.

Insider Transactions at Cloudastructure

In other Cloudastructure news, insider Sheldon Richard Bentley sold 21,225 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $2.77, for a total value of $58,793.25. Following the completion of the sale, the insider owned 280,432 shares in the company, valued at approximately $776,796.64. This represents a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 91,122 shares of company stock valued at $253,984.

Institutional Investors Weigh In On Cloudastructure

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

About Cloudastructure

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”).