Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares gapped up before the market opened on Friday . The stock had previously closed at $12.60, but opened at $13.50. Kingsoft Cloud shares last traded at $13.5110, with a volume of 819,059 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KC shares. Zacks Research upgraded shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a report on Tuesday, February 10th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.30.

Kingsoft Cloud Price Performance

The company has a market capitalization of $4.09 billion, a PE ratio of -26.08 and a beta of 2.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $12.42 and its 200-day simple moving average is $13.11.

Institutional Investors Weigh In On Kingsoft Cloud

A number of hedge funds and other institutional investors have recently modified their holdings of KC. Artisan Partners Limited Partnership purchased a new position in Kingsoft Cloud in the third quarter valued at $51,504,000. JPMorgan Chase & Co. boosted its position in shares of Kingsoft Cloud by 2,541.3% during the 2nd 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 in the last quarter. Defiance ETFs LLC purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $6,463,000. Maxi Investments CY Ltd purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $5,980,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Kingsoft Cloud during the 2nd quarter worth about $5,955,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

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.