Insider Selling: Kingsoft Cloud (NASDAQ:KC) CEO Sells $192,000.00 in Stock

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) CEO Tao Zou sold 300,000 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $0.64, for a total value of $192,000.00. Following the completion of the sale, the chief executive officer directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kingsoft Cloud Price Performance

KC opened at $10.14 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -21.57 and a beta of 1.99. The stock has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $12.95. Kingsoft Cloud Holdings Limited Sponsored ADR has a 12-month low of $8.35 and a 12-month high of $18.52.

Kingsoft Cloud (NASDAQ:KC) last announced its earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. The business had revenue of $392.15 million for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. Research analysts predict that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vident Advisory LLC grew its holdings in shares of Kingsoft Cloud by 1.8% during the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after buying an additional 898 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after acquiring an additional 1,170 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Kingsoft Cloud by 9.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 22,686 shares of the company’s stock valued at $338,000 after acquiring an additional 1,874 shares in the last quarter. Cetera Investment Advisers boosted its stake in Kingsoft Cloud by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock valued at $442,000 after purchasing an additional 3,449 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Kingsoft Cloud by 10.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 41,805 shares of the company’s stock valued at $432,000 after purchasing an additional 3,862 shares during the last quarter. 13.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on KC. Morgan Stanley assumed coverage on shares of Kingsoft Cloud in a report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price objective on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $17.00 target price on shares of Kingsoft Cloud in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Friday, July 17th. Five equities 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 MarketBeat, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average price target of $17.15.

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.