Cloudastructure (NASDAQ:CSAI) Announces Earnings Results

Cloudastructure (NASDAQ:CSAI) posted its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03), FiscalAI reports. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.The company had revenue of $1.79 million for the quarter.

Cloudastructure Trading Down 6.4%

CSAI stock opened at $0.61 on Wednesday. The company’s 50 day moving average is $0.68 and its 200 day moving average is $1.04. The stock has a market cap of $11.87 million, a price-to-earnings ratio of -2.25 and a beta of 1.77. Cloudastructure has a 1-year low of $0.47 and a 1-year high of $11.46.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, January 9th. Zacks Research raised shares of Cloudastructure to a “hold” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudastructure has a consensus rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On Cloudastructure

A number of institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in shares of Cloudastructure during the 2nd quarter worth $55,000. Geode Capital Management LLC increased its stake in Cloudastructure by 27.3% in the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after acquiring an additional 42,204 shares during the last quarter. Two Sigma Investments LP increased its stake in Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after acquiring an additional 47,916 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Cloudastructure during the third quarter valued at about $64,000. Finally, State Street Corp raised its position in 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 purchasing an additional 16,500 shares in the last quarter.

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.