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

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $13.12, but opened at $14.42. Kingsoft Cloud shares last traded at $14.2830, with a volume of 1,735,392 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a research note on Tuesday. Finally, Zacks Research raised Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

Kingsoft Cloud Trading Down 2.4%

The stock’s fifty day moving average price is $11.98 and its 200 day moving average price is $13.14. The stock has a market cap of $4.37 billion, a P/E ratio of -27.85 and a beta of 2.07. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39.

Institutional Trading of Kingsoft Cloud

Several hedge funds and other institutional investors have recently made changes to their positions in KC. Goldman Sachs Group Inc. raised its stake in Kingsoft Cloud by 9.6% during the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock valued at $1,919,000 after buying an additional 11,720 shares during the last quarter. Bayforest Capital Ltd increased its holdings in shares of Kingsoft Cloud by 417.5% during the second quarter. Bayforest Capital Ltd now owns 28,020 shares of the company’s stock valued at $351,000 after acquiring an additional 22,606 shares in the last quarter. Beverly Hills Private Wealth LLC purchased a new position in shares of Kingsoft Cloud in the 2nd quarter worth about $126,000. Envestnet Asset Management Inc. boosted its stake in Kingsoft Cloud by 13.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,481 shares of the company’s stock worth $1,083,000 after purchasing an additional 10,292 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in Kingsoft Cloud by 19.0% in the 2nd quarter. Atria Investments Inc now owns 17,447 shares of the company’s stock worth $218,000 after purchasing an additional 2,785 shares in the last quarter. Hedge funds and other 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.