Cloudastructure (NASDAQ:CSAI) Issues Earnings Results

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

Cloudastructure Price Performance

CSAI opened at $0.42 on Friday. The company’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.59. The firm has a market capitalization of $10.43 million, a price-to-earnings 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.

Institutional Trading of Cloudastructure

A number of institutional investors and hedge funds have recently bought and sold shares of CSAI. State Street Corp lifted its holdings in Cloudastructure by 26.0% during the 4th quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after buying an additional 16,500 shares during the period. XTX Topco Ltd bought a new position in shares of Cloudastructure during the second quarter worth about $55,000. 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 acquiring an additional 42,204 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Cloudastructure by 104.6% in the third 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 during the period. Finally, Citadel Advisors LLC bought a new stake in Cloudastructure in the third quarter valued at approximately $64,000.

Analysts Set New Price Targets

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

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.