Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Time to Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.95, but opened at $12.56. Kingsoft Cloud shares last traded at $12.4870, with a volume of 296,582 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kingsoft Cloud has a consensus rating of “Hold” and a consensus target price of $19.65.

Kingsoft Cloud Price Performance

The business has a 50-day moving average of $11.57 and a two-hundred day moving average of $13.21. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3.77 billion, a P/E ratio of -24.02 and a beta of 2.03.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership bought a new stake in Kingsoft Cloud during the 3rd quarter worth approximately $51,504,000. JPMorgan Chase & Co. lifted its holdings in shares of Kingsoft Cloud by 2,541.3% during the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after purchasing an additional 1,086,372 shares during the period. Penserra Capital Management LLC grew its stake in shares of 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 purchasing an additional 155,788 shares during the last quarter. LMR Partners LLP grew its stake in shares of Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after purchasing an additional 475,533 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Kingsoft Cloud in the third quarter valued at $6,896,000. 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.