Kingsoft Cloud (NASDAQ:KC) CEO Tao Zou Sells 300,000 Shares of Stock

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) CEO Tao Zou sold 300,000 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $0.64, for a total transaction of $192,000.00. Following the sale, the chief executive officer owned 1,700,000 shares in the company, valued at $1,088,000. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kingsoft Cloud Stock Up 1.8%

KC opened at $10.11 on Wednesday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -21.51 and a beta of 1.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $10.79 and its 200 day moving average is $12.97. Kingsoft Cloud Holdings Limited Sponsored ADR has a fifty-two week low of $8.35 and a fifty-two week high of $18.52.

Kingsoft Cloud (NASDAQ:KC) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%. On average, sell-side analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on KC. Jefferies Financial Group reissued a “buy” rating and issued a $17.00 price target on shares of Kingsoft Cloud in a report on Thursday, July 16th. Morgan Stanley assumed coverage on shares of Kingsoft Cloud in a report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Friday, July 17th. Five equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Kingsoft Cloud during the fourth quarter valued at about $63,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kingsoft Cloud by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after buying an additional 1,170 shares in the last quarter. Equitable Holdings Inc. bought a new position in Kingsoft Cloud during the third quarter valued at approximately $150,000. CWM LLC bought a new position in Kingsoft Cloud during the fourth quarter valued at approximately $132,000. Finally, Nomura Holdings Inc. bought a new position in Kingsoft Cloud during the second quarter valued at approximately $175,000. Institutional investors own 13.40% of the company’s stock.

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.