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

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $10.03, but opened at $10.53. Kingsoft Cloud shares last traded at $10.2170, with a volume of 391,862 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Morgan Stanley began coverage on shares of Kingsoft Cloud in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $17.00 price objective on shares of Kingsoft Cloud in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.15.

Kingsoft Cloud Stock Performance

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 business’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $12.99. The firm has a market capitalization of $2.88 billion, a PE ratio of -20.30 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last released its earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The company had revenue of $392.15 million during the quarter. As a group, equities research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Kingsoft Cloud

Several large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new stake in Kingsoft Cloud in the first quarter worth about $9,456,000. Defiance ETFs LLC bought a new position in shares of Kingsoft Cloud during the fourth quarter valued at approximately $6,463,000. Maxi Investments CY Ltd bought a new position in shares of Kingsoft Cloud during the fourth quarter valued at approximately $5,980,000. Artisan Partners Limited Partnership raised its holdings in shares of Kingsoft Cloud by 16.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after buying an additional 564,907 shares during the period. Finally, LMR Partners LLP raised its holdings in shares of Kingsoft Cloud by 1,114.5% in the second 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 period. Institutional investors own 13.40% of the company’s stock.

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.