Cloudastructure (NASDAQ:CSAI) Announces Quarterly Earnings Results

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

Cloudastructure Stock Up 5.7%

Shares of NASDAQ:CSAI opened at $0.42 on Friday. The company has a market cap of $10.43 million, a PE ratio of -1.04 and a beta of 1.01. Cloudastructure has a fifty-two week low of $0.25 and a fifty-two week high of $2.31. The firm has a 50-day simple moving average of $0.42 and a 200 day simple moving average of $0.59.

Institutional Trading of Cloudastructure

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Cloudastructure during the second quarter worth about $55,000. Two Sigma Investments LP lifted its position in 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 purchasing an additional 47,916 shares during the last quarter. Citadel Advisors LLC acquired a new position in Cloudastructure during the 3rd quarter valued at about $64,000. Geode Capital Management LLC grew its position in Cloudastructure by 27.3% in the 4th 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 last quarter. Finally, State Street Corp grew its position in Cloudastructure by 26.0% in the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after purchasing an additional 16,500 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cloudastructure in a report on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cloudastructure presently has an average rating of “Reduce”.

About Cloudastructure

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.