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

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped down before the market opened on Tuesday . The stock had previously closed at $14.27, but opened at $13.82. Kingsoft Cloud shares last traded at $14.14, with a volume of 1,404,259 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KC. The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target on the stock in a research note on Tuesday, February 10th. Zacks Research raised Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Kingsoft Cloud has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

Kingsoft Cloud Price Performance

The stock’s 50-day moving average is $12.67 and its 200 day moving average is $13.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $4.35 billion, a PE ratio of -27.77 and a beta of 2.04.

Institutional Trading of Kingsoft Cloud

A number of hedge funds and other institutional investors have recently made changes to their positions in KC. Artisan Partners Limited Partnership lifted its holdings 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 purchasing an additional 564,907 shares during the last quarter. JPMorgan Chase & Co. increased its position in Kingsoft Cloud by 2,541.3% during the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after buying an additional 1,086,372 shares during the period. Penserra Capital Management LLC lifted its stake in Kingsoft Cloud by 32.8% in the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock valued at $9,421,000 after buying an additional 155,788 shares during the last quarter. Defiance ETFs LLC purchased a new stake in Kingsoft Cloud in the fourth quarter valued at approximately $6,463,000. Finally, Maxi Investments CY Ltd acquired a new stake in shares of Kingsoft Cloud in the fourth quarter valued at approximately $5,980,000. 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.