Kingsoft Cloud (NASDAQ:KC) Shares Down 9% – Here’s What Happened

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) dropped 9% during trading on Monday . The company traded as low as $12.54 and last traded at $12.5850. Approximately 1,506,750 shares were traded during trading, an increase of 6% from the average daily volume of 1,419,694 shares. The stock had previously closed at $13.83.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KC shares. The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a research report on Tuesday, February 10th. Zacks Research raised Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.30.

Kingsoft Cloud Stock Down 9.0%

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 has a market cap of $3.80 billion, a P/E ratio of -24.21 and a beta of 2.07. The company’s 50 day moving average price is $12.27 and its two-hundred day moving average price is $13.13.

Institutional Investors Weigh In On Kingsoft Cloud

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Kingsoft Cloud by 9.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock worth $1,919,000 after buying an additional 11,720 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Kingsoft Cloud by 13.5% in the second quarter. Envestnet Asset Management Inc. now owns 86,481 shares of the company’s stock valued at $1,083,000 after acquiring an additional 10,292 shares in the last quarter. Atria Investments Inc lifted its stake in Kingsoft Cloud by 19.0% in the second quarter. Atria Investments Inc now owns 17,447 shares of the company’s stock worth $218,000 after acquiring an additional 2,785 shares during the period. AdvisorShares Investments LLC grew its holdings in Kingsoft Cloud by 18.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 59,552 shares of the company’s stock worth $746,000 after acquiring an additional 9,092 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Kingsoft Cloud during the 2nd quarter worth about $27,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

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.