Cloudastructure (NASDAQ:CSAI) Issues Earnings Results

Cloudastructure (NASDAQ:CSAI) announced its earnings results on Tuesday. The company reported ($2.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.70) by $0.38, FiscalAI reports. Cloudastructure had a negative net margin of 145.25% and a negative return on equity of 151.82%. The business had revenue of $1.23 million for the quarter.

Cloudastructure Stock Performance

Shares of CSAI opened at $5.26 on Thursday. The company has a market capitalization of $4.37 million, a P/E ratio of -0.37 and a beta of 1.13. The business’s 50-day moving average is $8.58 and its two-hundred day moving average is $14.45. Cloudastructure has a fifty-two week low of $3.53 and a fifty-two week high of $69.15.

Institutional Trading of Cloudastructure

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of 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 purchasing an additional 16,500 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Cloudastructure in the 2nd quarter worth $55,000. Geode Capital Management LLC raised 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 purchasing an additional 42,204 shares during the period. Two Sigma Investments LP grew its stake in shares of Cloudastructure by 104.6% in the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after buying an additional 47,916 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Cloudastructure during the 3rd quarter valued at approximately $64,000.

Analyst Ratings Changes

CSAI has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. Maxim Group lowered their price target on Cloudastructure from $120.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Wall Street Zen cut shares of Cloudastructure to a “strong sell” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.00.

Cloudastructure Company Profile

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.