Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Here’s Why

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Wednesday . The stock had previously closed at $13.12, but opened at $15.18. Kingsoft Cloud shares last traded at $14.7870, with a volume of 1,711,259 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on KC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a research report on Tuesday, February 10th. Four 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.30.

Kingsoft Cloud Price Performance

The company has a 50-day moving average of $13.02 and a two-hundred day moving average of $13.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $4.41 billion, a PE ratio of -28.10 and a beta of 2.04.

Institutional Investors Weigh In On Kingsoft Cloud

Several hedge funds have recently modified their holdings of KC. Artisan Partners Limited Partnership increased its position in 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 purchasing an additional 564,907 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Kingsoft Cloud by 2,541.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock valued at $14,137,000 after buying an additional 1,086,372 shares during the period. Penserra Capital Management LLC grew its stake in shares of Kingsoft Cloud by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock valued at $9,421,000 after buying an additional 155,788 shares during the period. Defiance ETFs LLC acquired a new stake in shares of Kingsoft Cloud during the 4th quarter worth $6,463,000. Finally, Maxi Investments CY Ltd purchased a new position in shares of Kingsoft Cloud in the 4th quarter worth $5,980,000. 13.40% of the stock is owned by institutional investors and hedge funds.

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.