Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – Should You Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.27, but opened at $13.82. Kingsoft Cloud shares last traded at $14.14, with a volume of 1,404,259 shares traded.

Wall Street Analysts Forecast Growth

KC has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.30.

Kingsoft Cloud Stock Performance

The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of -27.77 and a beta of 2.04. The firm has a 50 day moving average price of $12.67 and a 200-day moving average price of $13.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93.

Hedge Funds Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership purchased a new stake in shares of Kingsoft Cloud during the third quarter worth approximately $51,504,000. JPMorgan Chase & Co. lifted its stake in Kingsoft Cloud by 2,541.3% in the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after acquiring an additional 1,086,372 shares during the last quarter. Defiance ETFs LLC acquired a new position in Kingsoft Cloud during the 4th quarter worth approximately $6,463,000. Maxi Investments CY Ltd purchased a new stake in shares of Kingsoft Cloud in the 4th quarter valued at approximately $5,980,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Kingsoft Cloud in the 2nd quarter valued at approximately $5,955,000. 13.40% of the stock is owned by institutional investors and hedge funds.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.