Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $12.33, but opened at $11.78. Kingsoft Cloud shares last traded at $11.7490, with a volume of 746,397 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on KC shares. Morgan Stanley started coverage on Kingsoft Cloud in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating and set a $17.00 target price on shares of Kingsoft Cloud in a research report on Thursday, July 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.15.
Check Out Our Latest Stock Report on KC
Kingsoft Cloud Stock Down 1.8%
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The firm had revenue of $392.15 million for the quarter. As a group, research analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.39 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Tao Zou sold 300,000 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $0.64, for a total transaction of $192,000.00. Following the transaction, the chief executive officer owned 1,700,000 shares in the company, valued at $1,088,000. The trade was a 15.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 14.20% of the company’s stock.
Institutional Investors Weigh In On Kingsoft Cloud
A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new position in Kingsoft Cloud in the 1st quarter worth $9,456,000. Defiance ETFs LLC bought a new stake in shares of Kingsoft Cloud during the 4th quarter valued at about $6,463,000. Maxi Investments CY Ltd bought a new stake in shares of Kingsoft Cloud during the 4th quarter valued at about $5,980,000. Artisan Partners Limited Partnership increased its position in shares of Kingsoft Cloud by 16.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after buying an additional 564,907 shares during the period. Finally, LMR Partners LLP raised 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 worth $6,488,000 after buying an additional 475,533 shares in the last quarter. 13.40% of the stock is currently 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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