Cloudastructure, Inc. (NASDAQ:CSAI) founder Sheldon Richard Bentley sold 1,500 shares of the company's Class A Common Stock on November 11, 2026, according to a regulatory filing. The transaction totaled $2,370, with shares changing hands at prices ranging from $1.56 to $1.60. The weighted average price for the sale was $1.58 per share.
The sale was conducted under a Rule 10b5-1 trading plan that Bentley adopted on September 1, 2026. Such plans allow company insiders to set up pre-arranged transactions to sell shares at predetermined times, providing a defense against allegations of trading on material non-public information.
Following the transaction, Bentley directly holds 7,501 shares of Cloudastructure Class A Common Stock.
The insider sale comes at a time when Cloudastructure's stock is trading near its 52-week low of $1.38. The shares have fallen sharply from their 52-week high of $40.80, representing a significant decline over the period. According to an analysis, the stock appears undervalued at current levels and is featured among most undervalued stocks. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for CSAI and 1,400+ other US equities.
In other recent developments, Cloudastructure reported its second-quarter financial results for 2026, highlighting a significant increase in recurring revenue. The company noted that subscription sales surged by 164% compared to the previous year, contributing to a gross margin expansion to 49%. Cloudastructure's revenue for the quarter was $1.58 million, while it recorded an adjusted loss of $2.85 per share.
These developments underscore a sharper shift toward a subscription-based model for the company. Despite the positive revenue trends, the company still reported a loss for the quarter. The focus on recurring revenue is a key strategy for Cloudastructure as it seeks to stabilize its financial performance. Investors may find the shift in revenue composition noteworthy as the company continues to navigate its financial challenges.
Cloudastructure's stock closed at $1.42 on November 13, down $0.11 or 7.19%. In after-hours trading, the stock fell further to $1.38, down $0.04 or 2.82%.