Kingsoft Cloud (NASDAQ:KC) Trading Down 5.6% – Should You Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s share price was down 5.6% during mid-day trading on Tuesday . The company traded as low as $10.25 and last traded at $10.3230. 178,699 shares changed hands during trading, a decline of 88% from the average daily volume of 1,481,230 shares. The stock had previously closed at $10.94.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group set a $18.00 price objective on shares of Kingsoft Cloud in a research note on Tuesday, September 1st. Bank of America restated a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday, August 19th. Morgan Stanley assumed coverage on shares of Kingsoft Cloud in a report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday, August 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

Kingsoft Cloud Stock Down 5.6%

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $12.59. The firm has a market cap of $3.12 billion, a P/E ratio of -36.87 and a beta of 1.97.

Insider Buying and Selling at Kingsoft Cloud

In related news, CEO Tao Zou sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $0.64, for a total transaction of $192,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. The trade was a 15.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kingsoft Cloud

Several large investors have recently added to or reduced their stakes in KC. Caitong International Asset Management Co. Ltd bought a new position in shares of Kingsoft Cloud in the fourth quarter worth approximately $63,000. Equitable Holdings Inc. purchased a new stake in shares of Kingsoft Cloud in the third quarter worth $150,000. Nomura Holdings Inc. bought a new stake in shares of Kingsoft Cloud during the 2nd quarter valued at $175,000. Engineers Gate Manager LP raised its position in shares of Kingsoft Cloud by 50.2% during the 4th quarter. Engineers Gate Manager LP now owns 17,025 shares of the company’s stock valued at $176,000 after purchasing an additional 5,690 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Kingsoft Cloud during the 4th quarter valued at $180,000. 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.