Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $10.39, but opened at $9.81. Kingsoft Cloud shares last traded at $9.83, with a volume of 296,806 shares changing hands.
Analyst Upgrades and Downgrades
KC has been the topic of several analyst reports. Jefferies Financial Group boosted their price target 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 reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Morgan Stanley started coverage on Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price on the stock. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.65.
Read Our Latest Analysis on Kingsoft Cloud
Kingsoft Cloud Price Performance
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The company had revenue of $392.15 million during the quarter. On average, research analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Kingsoft Cloud
Several large investors have recently added to or reduced their stakes in KC. The Manufacturers Life Insurance Company bought a new position in Kingsoft Cloud during the first quarter worth about $9,456,000. Defiance ETFs LLC purchased a new position in 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 fourth quarter valued at about $5,980,000. Artisan Partners Limited Partnership lifted its holdings in shares of Kingsoft Cloud by 16.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after buying an additional 564,907 shares in the last quarter. Finally, LMR Partners LLP lifted its holdings in shares of 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. Hedge funds and other institutional investors own 13.40% of the company’s stock.
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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