Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – What’s Next?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped down before the market opened on Tuesday . The stock had previously closed at $13.72, but opened at $13.07. Kingsoft Cloud shares last traded at $13.1240, with a volume of 194,019 shares traded.

Analysts Set New Price Targets

KC has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target for the company in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Finally, Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average price target of $18.30.

Kingsoft Cloud Trading Up 12.7%

The company has a market cap of $4.47 billion, a price-to-earnings ratio of -28.42 and a beta of 2.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $13.10 and its two-hundred day simple moving average is $13.02.

Institutional Investors Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently bought and sold shares of KC. Artisan Partners Limited Partnership purchased a new position in shares of Kingsoft Cloud during the third quarter worth about $51,504,000. JPMorgan Chase & Co. lifted its holdings in shares of Kingsoft Cloud by 2,541.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock valued at $14,137,000 after purchasing an additional 1,086,372 shares during the last quarter. Defiance ETFs LLC purchased a new stake in shares of Kingsoft Cloud in the 4th quarter valued at about $6,463,000. Maxi Investments CY Ltd acquired a new stake in shares of Kingsoft Cloud in the 4th quarter valued at about $5,980,000. Finally, LMR Partners LLP grew its stake in Kingsoft Cloud by 1,114.5% during the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after buying an additional 475,533 shares during the last quarter. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

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.