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

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Wednesday . The stock had previously closed at $13.12, but opened at $15.18. Kingsoft Cloud shares last traded at $14.7870, with a volume of 1,711,259 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on KC. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target on the stock in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Four 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.30.

Kingsoft Cloud Price Performance

The business has a fifty day moving average of $13.17 and a 200 day moving average of $13.03. The firm has a market cap of $4.41 billion, a P/E ratio of -28.08 and a beta of 2.04. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Kingsoft Cloud in the 4th quarter valued at $73,000. Virtu Financial LLC bought a new position in Kingsoft Cloud during the fourth quarter worth $418,000. Vident Advisory LLC increased its holdings in shares of Kingsoft Cloud by 1.8% in the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after purchasing an additional 898 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Kingsoft Cloud in the fourth quarter valued at $180,000. Finally, XTX Topco Ltd raised its position in shares of Kingsoft Cloud by 45.5% in the fourth 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 period. 13.40% of the stock is owned by institutional investors and hedge funds.

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.