Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped down before the market opened on Thursday . The stock had previously closed at $12.37, but opened at $11.63. Kingsoft Cloud shares last traded at $11.1940, with a volume of 566,620 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KC. 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 target on the stock. Bank of America restated a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday. Five 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.15.

Kingsoft Cloud Trading Down 9.5%

The business’s 50 day simple moving average is $10.42 and its two-hundred day simple moving average is $12.86. The stock has a market cap of $3.38 billion, a P/E ratio of -23.81 and a beta of 1.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37.

Kingsoft Cloud (NASDAQ:KC) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The firm had revenue of $392.15 million during the quarter. As a group, analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.36 EPS for the current year.

Insider Transactions at Kingsoft Cloud

In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of the 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 directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. This trade represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds 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. Mirae Asset Global Investments Co. Ltd. increased its position in Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock valued at $95,000 after acquiring an additional 1,170 shares during the period. CWM LLC acquired a new position in Kingsoft Cloud in the 4th quarter valued at approximately $132,000. Equitable Holdings Inc. bought a new position in shares of Kingsoft Cloud during the third quarter valued at $150,000. Finally, Nomura Holdings Inc. bought a new position in shares of Kingsoft Cloud during the second quarter valued at $175,000. Institutional investors and hedge funds 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.