Kingsoft Cloud (NASDAQ:KC) Trading Down 5.9% – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $13.30 and last traded at $13.38. 528,775 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,453,417 shares. The stock had previously closed at $14.22.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective for the company in a research note on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group boosted their price target on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.53.

Kingsoft Cloud Trading Down 7.7%

The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -26.80 and a beta of 2.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $15.16 and its two-hundred day moving average price is $13.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Kingsoft Cloud by 9.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock valued at $1,919,000 after acquiring an additional 11,720 shares in the last quarter. Hsbc Holdings PLC increased its position in Kingsoft Cloud by 229.6% in the 2nd quarter. Hsbc Holdings PLC now owns 40,706 shares of the company’s stock valued at $506,000 after acquiring an additional 28,355 shares during the period. Squarepoint Ops LLC raised its stake in shares of Kingsoft Cloud by 76.9% during the second quarter. Squarepoint Ops LLC now owns 90,623 shares of the company’s stock valued at $1,135,000 after acquiring an additional 39,393 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of Kingsoft Cloud by 36.0% during the second quarter. Diversify Advisory Services LLC now owns 20,812 shares of the company’s stock valued at $278,000 after acquiring an additional 5,514 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Kingsoft Cloud by 28.5% during the second quarter. Diversify Wealth Management LLC now owns 66,274 shares of the company’s stock worth $887,000 after purchasing an additional 14,683 shares during the period. 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.