Kingsoft Cloud (NASDAQ:KC) Stock Price Down 5.6% – Here’s Why

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) fell 5.6% during mid-day trading on Tuesday . The company traded as low as $10.25 and last traded at $10.3230. 178,699 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,481,230 shares. The stock had previously closed at $10.94.

Analysts Set New Price Targets

KC has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating on shares of Kingsoft Cloud in a research note on Wednesday, August 19th. 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 objective on the stock. Bank of America restated a “buy” rating on shares of Kingsoft Cloud in a report on Wednesday, August 19th. The Goldman Sachs Group set a $18.00 target price on shares of Kingsoft Cloud in a research note on Tuesday, September 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.75.

Kingsoft Cloud Price Performance

The company has a market capitalization of $3.08 billion, a PE ratio of -36.46 and a beta of 1.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $12.54.

Insiders Place Their Bets

In related news, CEO Tao Zou sold 300,000 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $0.64, for a total value of $192,000.00. Following the completion of the sale, the chief executive officer directly owned 1,700,000 shares of the company’s stock, valued at $1,088,000. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.20% of the stock is currently owned by company insiders.

Institutional Trading of Kingsoft Cloud

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in shares of Kingsoft Cloud in the 1st quarter valued at $9,456,000. Defiance ETFs LLC acquired a new stake in Kingsoft Cloud during the 4th quarter worth $6,463,000. Artisan Partners Limited Partnership grew its position in Kingsoft Cloud by 16.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after purchasing an additional 564,907 shares during the last quarter. LMR Partners LLP increased its stake in Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after purchasing an additional 475,533 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in Kingsoft Cloud in the third quarter valued at $6,896,000. 13.40% of the stock is owned by hedge funds and other institutional investors.

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.