Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.94, but opened at $15.55. Kingsoft Cloud shares last traded at $15.31, with a volume of 419,277 shares traded.
Analysts Set New Price Targets
Several brokerages recently commented on KC. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price for the company in a report on Tuesday, February 10th. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group increased their price target on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Four research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.53.
Read Our Latest Stock Analysis on KC
Kingsoft Cloud Stock Performance
Institutional Trading of Kingsoft Cloud
A number of hedge funds have recently modified their holdings of the stock. Vident Advisory LLC lifted its stake in shares of Kingsoft Cloud by 1.8% during the 4th quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock worth $537,000 after buying an additional 898 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kingsoft Cloud by 14.7% during 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 last quarter. Personal CFO Solutions LLC lifted its holdings in Kingsoft Cloud by 11.1% during the 3rd quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock worth $182,000 after purchasing an additional 1,212 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in Kingsoft Cloud by 2.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in Kingsoft Cloud by 9.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 22,686 shares of the company’s stock worth $338,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors and hedge funds 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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