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

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up prior to trading on Friday . The stock had previously closed at $11.95, but opened at $12.56. Kingsoft Cloud shares last traded at $12.4870, with a volume of 296,582 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.65.

Kingsoft Cloud Stock Up 4.5%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $11.57 and its 200 day simple moving average is $13.21. The firm has a market cap of $3.77 billion, a P/E ratio of -24.02 and a beta of 2.03.

Institutional Investors Weigh In On Kingsoft Cloud

A number of hedge funds have recently added to or reduced their stakes in KC. Blue Trust Inc. increased its stake in Kingsoft Cloud by 34,905.6% during the 4th quarter. Blue Trust Inc. now owns 25,204 shares of the company’s stock valued at $261,000 after purchasing an additional 25,132 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Kingsoft Cloud during the third quarter valued at about $6,896,000. Verition Fund Management LLC bought a new stake in shares of Kingsoft Cloud during the third quarter worth about $1,000,000. Scientech Research LLC acquired a new stake in shares of Kingsoft Cloud in the 3rd quarter worth about $240,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Kingsoft Cloud in the 3rd quarter valued at about $908,000. 13.40% of the stock is currently owned by institutional investors.

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.