Cloudastructure (NASDAQ:CSAI) Releases Earnings Results, Misses Estimates By $0.03 EPS

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

Cloudastructure Price Performance

CSAI opened at $0.58 on Thursday. Cloudastructure has a fifty-two week low of $0.47 and a fifty-two week high of $5.28. The firm has a market capitalization of $11.40 million, a price-to-earnings ratio of -1.46 and a beta of 0.84. The company’s 50 day moving average price is $0.67 and its two-hundred day moving average price is $1.04.

Analysts Set New Price Targets

Several research analysts have commented on the company. Zacks Research raised Cloudastructure to a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cloudastructure in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cloudastructure has a consensus rating of “Hold” and a consensus price target of $6.00.

Institutional Investors Weigh In On Cloudastructure

A number of institutional investors have recently made changes to their positions in CSAI. Citadel Advisors LLC acquired a new position in shares of Cloudastructure in the third quarter worth approximately $64,000. XTX Topco Ltd bought a new position in Cloudastructure during the 4th quarter worth approximately $39,000. Two Sigma Investments LP raised its holdings 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 purchasing an additional 47,916 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cloudastructure by 27.3% in the 4th quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock valued at $159,000 after purchasing an additional 42,204 shares during the last quarter. Finally, State Street Corp increased its position in shares of Cloudastructure by 26.0% during the fourth 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.

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.