Kingsoft Cloud (NASDAQ:KC) Shares Gap Down – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.96, but opened at $13.37. Kingsoft Cloud shares last traded at $13.1270, with a volume of 148,583 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Jefferies Financial Group boosted their price target on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target for the company in a report on Tuesday, February 10th. Finally, Zacks Research downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kingsoft Cloud has an average rating of “Moderate Buy” and an average target price of $18.53.

Kingsoft Cloud Stock Down 2.5%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $4.11 billion, a P/E ratio of -27.58 and a beta of 2.04. The stock has a fifty day moving average price of $15.14 and a two-hundred day moving average price of $13.24.

Institutional Trading of Kingsoft Cloud

Several hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership acquired a new position in Kingsoft Cloud during the 3rd quarter valued at approximately $51,504,000. The Manufacturers Life Insurance Company acquired a new position in Kingsoft Cloud during the 1st quarter worth $9,456,000. Defiance ETFs LLC acquired a new position in Kingsoft Cloud during the 4th quarter worth $6,463,000. Maxi Investments CY Ltd acquired a new position in Kingsoft Cloud during the 4th quarter worth $5,980,000. Finally, LMR Partners LLP boosted its position 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 period. 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.