Cloudastructure (NASDAQ:CSAI) Announces Earnings Results

Cloudastructure (NASDAQ:CSAI) issued its earnings results on Tuesday. The company reported ($0.13) EPS for the quarter, FiscalAI reports. The business had revenue of $1.79 million for the quarter. Cloudastructure had a negative net margin of 210.73% and a negative return on equity of 147.58%.

Cloudastructure Stock Performance

NASDAQ:CSAI traded down $0.04 during trading hours on Tuesday, hitting $0.61. The stock had a trading volume of 500,050 shares, compared to its average volume of 238,514. The business’s 50 day moving average is $0.68 and its 200-day moving average is $1.04. The company 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 one year low of $0.47 and a one year high of $11.46.

Analyst Upgrades and Downgrades

CSAI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, January 9th. Zacks Research raised Cloudastructure to a “hold” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

Hedge Funds Weigh In On Cloudastructure

Several institutional investors and hedge funds have recently made changes to their positions in CSAI. Geode Capital Management LLC raised its stake in Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after buying an additional 42,204 shares during the period. Two Sigma Investments LP grew 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 period. State Street Corp increased its holdings in shares of Cloudastructure by 26.0% in the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after acquiring an additional 16,500 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Cloudastructure in the third quarter worth about $64,000. Finally, XTX Topco Ltd acquired a new stake in shares of Cloudastructure during the fourth quarter worth about $39,000.

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.