Kingsoft Cloud (NASDAQ:KC) Shares Down 5.9% – Here’s What Happened

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) traded down 5.9% during mid-day trading on Tuesday . The stock traded as low as $13.30 and last traded at $13.38. 528,775 shares were traded during mid-day trading, a decline of 64% from the average session volume of 1,453,417 shares. The stock had previously closed at $14.22.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective for the company in a report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.53.

Kingsoft Cloud Stock Down 3.8%

The business has a fifty day simple moving average of $15.14 and a 200 day simple moving average of $13.29. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -25.75 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17.

Kingsoft Cloud (NASDAQ:KC) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $392.15 million during the quarter. Kingsoft Cloud had a negative net margin of 9.74% and a negative return on equity of 13.06%. As a group, equities analysts forecast that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Kingsoft Cloud

A number of large investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership grew its position 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 valued at $41,535,000 after purchasing an additional 564,907 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Kingsoft Cloud in the first quarter worth approximately $9,456,000. Penserra Capital Management LLC grew its position in Kingsoft Cloud by 32.8% in the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock worth $9,421,000 after acquiring an additional 155,788 shares during the period. Defiance ETFs LLC purchased a new position in Kingsoft Cloud in the fourth quarter worth approximately $6,463,000. Finally, Maxi Investments CY Ltd purchased a new position in Kingsoft Cloud in the fourth quarter worth approximately $5,980,000. 13.40% of the stock is currently owned by hedge funds and other 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.