Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report)’s share price hit a new 52-week low on Thursday . The stock traded as low as $10.15 and last traded at $10.1160, with a volume of 85770 shares. The stock had previously closed at $10.41.
Wall Street Analyst Weigh In
KC has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average price target of $18.53.
Check Out Our Latest Research Report on Kingsoft Cloud
Kingsoft Cloud Trading Down 5.3%
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $392.15 million for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. Equities analysts anticipate that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.46 earnings per share for the current year.
Institutional Trading of Kingsoft Cloud
Institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership raised its position in Kingsoft Cloud by 16.4% in 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 period. The Manufacturers Life Insurance Company purchased a new position in Kingsoft Cloud in the 1st quarter worth $9,456,000. Defiance ETFs LLC purchased a new position in Kingsoft Cloud in the 4th quarter worth $6,463,000. Maxi Investments CY Ltd bought a new stake in Kingsoft Cloud in the 4th quarter worth $5,980,000. Finally, LMR Partners LLP grew its holdings in Kingsoft Cloud by 1,114.5% in the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after acquiring an additional 475,533 shares during 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.
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