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

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Monday . The stock had previously closed at $15.11, but opened at $15.79. Kingsoft Cloud shares last traded at $15.5770, with a volume of 296,869 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on KC. Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group boosted their price target on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective for the company in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.48.

Kingsoft Cloud Trading Up 5.5%

The firm’s 50 day moving average is $13.56 and its 200 day moving average is $12.81. The company has a market cap of $4.82 billion, a PE ratio of -32.62 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.93.

Hedge Funds Weigh In On Kingsoft Cloud

Several hedge funds have recently bought and sold shares of the company. Vident Advisory LLC grew its stake in Kingsoft Cloud by 1.8% during the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after acquiring an additional 898 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Kingsoft Cloud by 13.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,053 shares of the company’s stock worth $135,000 after buying an additional 1,053 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $95,000 after buying an additional 1,170 shares in the last quarter. Personal CFO Solutions LLC grew its stake in Kingsoft Cloud by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock worth $182,000 after buying an additional 1,212 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its stake in Kingsoft Cloud by 2.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock worth $1,009,000 after buying an additional 1,343 shares in the last quarter. Hedge funds and other 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.