Kingsoft Cloud (NASDAQ:KC) Releases Earnings Results

Kingsoft Cloud (NASDAQ:KC) issued its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03, FiscalAI reports. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The company had revenue of $452.16 million for the quarter, compared to analyst estimates of $446.34 million.

Kingsoft Cloud Trading Down 4.8%

NASDAQ KC opened at $10.84 on Wednesday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -23.06 and a beta of 1.99. Kingsoft Cloud has a twelve month low of $8.35 and a twelve month high of $18.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $10.40 and its 200 day moving average is $12.87.

Insider Transactions at Kingsoft Cloud

In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $0.64, for a total value of $192,000.00. Following the completion of the transaction, the chief executive officer owned 1,700,000 shares of the company’s stock, valued at $1,088,000. This represents a 15.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.20% of the stock is currently owned by insiders.

Institutional Trading of Kingsoft Cloud

Several hedge funds and other institutional investors have recently made changes to their positions in KC. Caitong International Asset Management Co. Ltd bought a new position in Kingsoft Cloud in the 4th quarter valued at approximately $63,000. Equitable Holdings Inc. bought a new stake in Kingsoft Cloud during the 3rd quarter worth approximately $150,000. Nomura Holdings Inc. bought a new position in shares of Kingsoft Cloud during the second quarter valued at $175,000. Engineers Gate Manager LP raised its stake in shares of Kingsoft Cloud by 50.2% during the fourth quarter. Engineers Gate Manager LP now owns 17,025 shares of the company’s stock valued at $176,000 after acquiring an additional 5,690 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Kingsoft Cloud during the fourth quarter worth $180,000. 13.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KC has been the topic of several research analyst reports. Morgan Stanley began coverage on Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $17.00 target price on shares of Kingsoft Cloud in a report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kingsoft Cloud has a consensus rating of “Moderate Buy” and an average target price of $17.15.

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.