Cloudastructure (NASDAQ:CSAI) Issues Quarterly Earnings Results

Cloudastructure (NASDAQ:CSAI) posted its quarterly earnings data on Tuesday. The company reported ($2.32) EPS for the quarter, FiscalAI reports. Cloudastructure had a negative net margin of 153.89% and a negative return on equity of 140.82%. The company had revenue of $1.23 million for the quarter.

Cloudastructure Stock Down 0.2%

Cloudastructure stock opened at $5.70 on Tuesday. Cloudastructure has a 52-week low of $3.53 and a 52-week high of $69.15. The firm has a fifty day moving average of $8.77 and a 200-day moving average of $14.73. The firm has a market capitalization of $4.73 million, a P/E ratio of -0.35 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CSAI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a research note on Monday, July 6th. Maxim Group dropped their price objective on Cloudastructure from $120.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Wall Street Zen downgraded Cloudastructure to a “strong sell” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cloudastructure has an average rating of “Hold” and an average target price of $45.00.

Institutional Trading of Cloudastructure

Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in Cloudastructure in the fourth quarter valued at about $39,000. State Street Corp grew its stake in shares of Cloudastructure by 26.0% in the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock valued at $64,000 after buying an additional 16,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cloudastructure by 27.3% during the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after buying an additional 42,204 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Cloudastructure during the 3rd quarter valued at about $64,000. Finally, Two Sigma Investments LP lifted its position in Cloudastructure by 104.6% during the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock worth $118,000 after acquiring an additional 47,916 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.