Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.96, but opened at $13.37. Kingsoft Cloud shares last traded at $13.1270, with a volume of 148,583 shares traded.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KC. Jefferies Financial Group upped their target price on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a report on Tuesday, February 10th. Four 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’s stock. Based on data from MarketBeat.com, Kingsoft Cloud currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.53.
View Our Latest Analysis on KC
Kingsoft Cloud Stock Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of KC. Caitong International Asset Management Co. Ltd bought a new position in Kingsoft Cloud in the 4th quarter worth approximately $63,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 during the period. CWM LLC bought a new position in Kingsoft Cloud in the 4th quarter worth approximately $132,000. Equitable Holdings Inc. bought a new position in Kingsoft Cloud in the 3rd quarter worth approximately $150,000. Finally, Nomura Holdings Inc. bought a new position in Kingsoft Cloud in the 2nd quarter worth approximately $175,000. 13.40% of the stock is owned by 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.
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