Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.15.
KC has been the subject of several analyst reports. Morgan Stanley assumed coverage on Kingsoft Cloud in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Friday, July 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of Kingsoft Cloud in a research note on Thursday, July 16th.
Check Out Our Latest Stock Analysis on KC
Kingsoft Cloud Stock Performance
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $392.15 million for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%. On average, analysts expect that Kingsoft Cloud will post -0.45 EPS for the current year.
Insider Activity
In related news, CEO Tao Zou sold 300,000 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $0.64, for a total value of $192,000.00. Following the sale, the chief executive officer directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. The trade was a 15.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.20% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of KC. The Manufacturers Life Insurance Company purchased a new position in Kingsoft Cloud during the first quarter worth about $9,456,000. Defiance ETFs LLC purchased a new stake in shares of Kingsoft Cloud in the 4th quarter valued at 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. Artisan Partners Limited Partnership raised its stake in shares of Kingsoft Cloud by 16.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after acquiring an additional 564,907 shares during the period. Finally, LMR Partners LLP lifted its holdings in shares of Kingsoft Cloud by 1,114.5% in the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after acquiring an additional 475,533 shares during the last quarter. Hedge funds and other 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.
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