Cloudastructure founder Bentley sells $94k in shares

Published 17/07/2025, 18:30
Cloudastructure founder Bentley sells $94k in shares

Cloudastructure , Inc. (NASDAQ:CSAI), a technology company with a market capitalization of $31.8 million, saw its Founder, Bentley Sheldon Richard, report selling shares of Class A Common Stock on July 15 and July 16, 2025, for a total of $94496. According to InvestingPro analysis, the company’s stock has declined over 94% in the past year, though it maintains strong liquidity with a current ratio of 7.12. The sales involved 19,208 shares sold on July 15 and 30,977 shares sold on July 16.

The July 15 sales were executed at a weighted average price of $1.92, in multiple transactions within a price range of $1.86 to $1.99. The July 16 sales were executed at a weighted average price of $1.86, in multiple transactions within a price range of $1.805 to $1.92. Following these transactions, Bentley directly owns 107,569 shares of Cloudastructure. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers, including detailed financial health metrics and growth projections.

In other recent news, Cloudastructure, Inc. reported a significant 274% growth in first-half contract value for 2025, with contracts totaling $2.69 million. This figure surpasses the company’s full-year 2024 signed contract value by 79%. Additionally, Cloudastructure announced its expansion into the construction sector with the sale of its Mobile Surveillance Trailer Alpha to a leading U.S. construction firm, marking a strategic move to address high-risk markets. The company also secured an additional $3 million investment through Series 2 Convertible Preferred Stock from an existing institutional investor, aimed at supporting its expansion and product development.

Cloudastructure’s board of directors approved amendments to its bylaws and Code of Business Conduct and Ethics, reflecting updates suitable for a public operating company. These changes include provisions for stockholder meetings, governance of the board, and indemnification clauses. The company’s recent developments underscore its strategy to enhance its AI-powered security solutions and scale operations. The Mobile Surveillance Trailer Alpha, designed for construction sites, features real-time AI threat detection and remote guarding capabilities. The company’s cloud-based platform aims to provide cost-effective security solutions across various sectors.

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