Kingsoft Cloud (NASDAQ:KC) Trading Down 5.2% – What’s Next?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) shares traded down 5.2% on Wednesday . The stock traded as low as $13.77 and last traded at $13.8290. 199,191 shares traded hands during trading, a decline of 86% from the average session volume of 1,436,685 shares. The stock had previously closed at $14.59.

Analyst Upgrades and Downgrades

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

Kingsoft Cloud Trading Down 4.4%

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day moving average of $15.15 and a 200-day moving average of $13.23. The firm has a market capitalization of $4.21 billion, a PE ratio of -28.45 and a beta of 2.04.

Institutional Trading of Kingsoft Cloud

Several hedge funds and other institutional investors have recently modified their holdings of the company. Artisan Partners Limited Partnership raised its holdings in shares of Kingsoft Cloud by 16.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after acquiring an additional 564,907 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Kingsoft Cloud during the first quarter worth $9,456,000. Penserra Capital Management LLC raised its holdings in shares of Kingsoft Cloud by 32.8% during the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock worth $9,421,000 after acquiring an additional 155,788 shares in the last quarter. Defiance ETFs LLC purchased a new stake in shares of Kingsoft Cloud during the fourth quarter worth $6,463,000. Finally, Maxi Investments CY Ltd purchased a new stake in shares of Kingsoft Cloud during the fourth quarter worth $5,980,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

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.