Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – Here’s Why

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.72, but opened at $13.07. Kingsoft Cloud shares last traded at $13.1240, with a volume of 194,019 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KC shares. Zacks Research lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target on the stock in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.30.

Kingsoft Cloud Price Performance

The firm has a market cap of $3.91 billion, a PE ratio of -24.93 and a beta of 2.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day simple moving average of $12.97 and a 200 day simple moving average of $13.02.

Hedge Funds Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently made changes to their positions in KC. Caitong International Asset Management Co. Ltd purchased a new position in Kingsoft Cloud during the fourth quarter valued at $73,000. Virtu Financial LLC purchased a new position in shares of Kingsoft Cloud in the 4th quarter worth about $418,000. Vident Advisory LLC boosted its stake in Kingsoft Cloud by 1.8% in the 4th quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock worth $537,000 after purchasing an additional 898 shares in the last quarter. Empowered Funds LLC bought a new position in Kingsoft Cloud in the 4th quarter worth about $180,000. Finally, XTX Topco Ltd grew its position in Kingsoft Cloud by 45.5% during the 4th quarter. XTX Topco Ltd now owns 41,479 shares of the company’s stock valued at $429,000 after purchasing an additional 12,964 shares during the last quarter. 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.