Cloudastructure (NASDAQ:CSAI) Releases Quarterly Earnings Results

Cloudastructure (NASDAQ:CSAI) posted its quarterly earnings data on Friday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. Cloudastructure had a negative return on equity of 109.93% and a negative net margin of 166.26%.

Cloudastructure Stock Up 5.7%

Shares of NASDAQ CSAI opened at $0.42 on Friday. The company’s fifty day simple moving average is $0.42 and its 200 day simple moving average is $0.59. Cloudastructure has a 12-month low of $0.25 and a 12-month high of $2.31. The firm has a market cap of $10.43 million, a PE ratio of -1.04 and a beta of 1.01.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Institutional Trading of Cloudastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Cloudastructure during the 4th quarter worth approximately $39,000. Citadel Advisors LLC acquired a new stake in Cloudastructure in the third quarter valued at approximately $64,000. State Street Corp increased its holdings in shares of Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after acquiring an additional 16,500 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Cloudastructure by 104.6% during the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after purchasing an additional 47,916 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of 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.

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.