Headlands Technologies LLC Buys New Holdings in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Headlands Technologies LLC purchased a new position in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) during the second quarter, HoldingsChannel reports. The firm purchased 64,988 shares of the company’s stock, valued at approximately $588,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KC. Bank of America Corp DE increased its holdings in shares of Kingsoft Cloud by 93.4% during the first quarter. Bank of America Corp DE now owns 165,504 shares of the company’s stock valued at $2,211,000 after acquiring an additional 79,910 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Kingsoft Cloud during the first quarter worth approximately $9,456,000. Cetera Investment Advisers lifted its holdings in shares of Kingsoft Cloud by 11.7% in the 1st quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock worth $442,000 after purchasing an additional 3,449 shares in the last quarter. XY Capital Ltd lifted its holdings in shares of Kingsoft Cloud by 84.2% in the 1st quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock worth $3,673,000 after purchasing an additional 125,671 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Kingsoft Cloud in the 1st quarter valued at $2,405,000. Institutional investors own 13.40% of the company’s stock.

Insider Transactions at Kingsoft Cloud

In related news, CEO Tao Zou sold 300,000 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $0.64, for a total value of $192,000.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 14.20% of the company’s stock.

Kingsoft Cloud Stock Up 0.1%

KC stock opened at $10.25 on Thursday. Kingsoft Cloud Holdings Limited Sponsored ADR has a twelve month low of $8.35 and a twelve month high of $18.52. 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 stock’s 50 day moving average is $10.48 and its 200-day moving average is $12.67. The firm has a market capitalization of $3.10 billion, a PE ratio of -36.61 and a beta of 1.97.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Bank of America reaffirmed a “buy” rating on shares of Kingsoft Cloud in a research note on Wednesday, August 19th. The Goldman Sachs Group set a $18.00 price objective on shares of Kingsoft Cloud in a report on Tuesday. Morgan Stanley initiated coverage on shares of Kingsoft Cloud in a report on Tuesday, July 7th. They set an “overweight” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday, August 19th. Five equities research 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, the company currently has an average rating of “Moderate Buy” and an average price target of $17.75.

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.