Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $12.37, but opened at $11.63. Kingsoft Cloud shares last traded at $11.1940, with a volume of 566,620 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Morgan Stanley began coverage on Kingsoft Cloud in a research report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Bank of America reiterated a “buy” rating on shares of Kingsoft Cloud in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Kingsoft Cloud in a report on Wednesday. Five equities research 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’s stock. According to MarketBeat, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average price target of $17.15.
Read Our Latest Stock Analysis on KC
Kingsoft Cloud Price Performance
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative net margin of 5.49% and a negative return on equity of 7.85%. The firm had revenue of $392.15 million for the quarter. As a group, equities research analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.43 earnings per share for the current fiscal year.
Insider Transactions at Kingsoft Cloud
In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of Kingsoft Cloud stock in a transaction on Friday, July 17th. The stock was sold at an average price of $0.64, for a total value of $192,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Kingsoft Cloud
Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Kingsoft Cloud in the 2nd quarter valued at about $588,000. Bank of America Corp DE lifted its position in Kingsoft Cloud by 93.4% in the first quarter. Bank of America Corp DE now owns 165,504 shares of the company’s stock valued at $2,211,000 after buying an additional 79,910 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Kingsoft Cloud in the first quarter valued at about $9,456,000. Cetera Investment Advisers boosted its stake in Kingsoft Cloud by 11.7% during the first quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock worth $442,000 after buying an additional 3,449 shares during the period. Finally, XY Capital Ltd boosted its stake in Kingsoft Cloud by 84.2% during the first quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock worth $3,673,000 after buying an additional 125,671 shares during the period. 13.40% of the stock is currently owned by hedge funds and other institutional investors.
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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