Trump announces trade deal with EU following months of negotiations
Cloudastructure , Inc. (NASDAQ:CSAI) founder Bentley Sheldon Richard recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Richard sold a total of 30,848 shares of Class A Common Stock over two days, with the transactions taking place on May 29 and May 30, 2025. The sales come as the company’s stock trades near its 52-week low of $2.51, having declined over 92% year-to-date. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
The shares were sold at prices ranging from $2.57 to $2.69, resulting in a total transaction value of $80,790. Following these sales, Richard retains ownership of 249,584 shares directly in the $43 million market cap company. While the company maintains strong liquidity with a current ratio of 7.12, InvestingPro data shows it remains unprofitable over the last twelve months.
These transactions reflect Richard’s continued involvement and investment strategy within Cloudastructure, a company he helped establish. The sales come as part of his ongoing management of personal assets within the company. InvestingPro subscribers can access 10+ additional insights about CSAI’s financial health and valuation metrics to make more informed investment decisions.
In other recent news, Cloudastructure, Inc. has announced its first sale of the Mobile Surveillance Trailer Alpha™ to a prominent U.S. construction firm, marking its entry into the construction sector. This move aims to address the security needs of construction sites with AI-enhanced video surveillance systems. Additionally, Cloudastructure has secured a $3 million investment through Series 2 Convertible Preferred Stock from an existing institutional investor, intended to support the company’s expansion efforts. This follows a previous $4.5 million investment aimed at advancing its AI security solutions and market reach.
The company has also expanded its partnership with a leading U.S. real estate investment firm, deploying its security technology across seven multifamily communities. This expansion is part of a broader trend in the real estate sector towards integrating advanced security measures. Furthermore, Cloudastructure has modified its agreement with Streeterville Capital, LLC, adjusting the conversion terms of its Series 1 Convertible Preferred Stock. This adjustment includes waiving the Trigger Event requirement, which impacts the conversion price settings.
Cloudastructure’s recent developments highlight its ongoing efforts to innovate and expand within the AI surveillance market, with a focus on enhancing security outcomes across various industries.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.