Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $10.03, but opened at $10.53. Kingsoft Cloud shares last traded at $10.2170, with a volume of 391,862 shares.
Analysts Set New Price Targets
Several research firms have commented on KC. Jefferies Financial Group reissued a “buy” rating and issued a $17.00 target price on shares of Kingsoft Cloud in a report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Morgan Stanley started coverage on shares of Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kingsoft Cloud presently has an average rating of “Moderate Buy” and an average target price of $17.15.
View Our Latest Stock Analysis on KC
Kingsoft Cloud Trading Up 2.2%
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.17) EPS for the quarter. The company had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. On average, equities analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Kingsoft Cloud
A number of institutional investors and hedge funds have recently bought and sold shares of KC. The Manufacturers Life Insurance Company acquired a new stake in shares of Kingsoft Cloud during the first quarter valued at about $9,456,000. Defiance ETFs LLC bought a new position in Kingsoft Cloud in the 4th quarter valued at approximately $6,463,000. Maxi Investments CY Ltd acquired a new stake in Kingsoft Cloud during the 4th quarter worth approximately $5,980,000. Artisan Partners Limited Partnership boosted its position in Kingsoft Cloud by 16.4% during the 4th 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 during the period. Finally, LMR Partners LLP grew its holdings in Kingsoft Cloud by 1,114.5% during 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. Institutional investors and hedge funds 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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