Kingsoft Cloud (NASDAQ:KC) CEO Tao Zou Sells 300,000 Shares of Stock

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

Kingsoft Cloud Price Performance

Shares of Kingsoft Cloud stock traded up $0.14 on Tuesday, hitting $10.06. The company’s stock had a trading volume of 520,984 shares, compared to its average volume of 1,462,862. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $10.88 and a 200-day moving average price of $12.97. Kingsoft Cloud Holdings Limited Sponsored ADR has a 52-week low of $8.35 and a 52-week high of $18.52. The company has a market capitalization of $3.04 billion, a P/E ratio of -21.39 and a beta of 1.99.

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

Institutional Trading of Kingsoft Cloud

A number of institutional investors and hedge funds have recently made changes to their positions in KC. The Manufacturers Life Insurance Company acquired a new position in Kingsoft Cloud in the first quarter valued at $9,456,000. Defiance ETFs LLC purchased a new position in shares of Kingsoft Cloud in the 4th quarter worth about $6,463,000. Maxi Investments CY Ltd acquired a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $5,980,000. Artisan Partners Limited Partnership lifted its stake in shares of Kingsoft Cloud by 16.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after purchasing an additional 564,907 shares in the last quarter. Finally, LMR Partners LLP grew its holdings in shares of 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 purchasing an additional 475,533 shares during the period. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KC has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $17.00 price target on shares of Kingsoft Cloud in a report on Thursday, July 16th. Morgan Stanley initiated coverage on Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Friday, July 17th. Five 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.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.