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

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s share price gapped up prior to trading on Monday . The stock had previously closed at $11.02, but opened at $12.75. Kingsoft Cloud shares last traded at $13.11, with a volume of 857,831 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Kingsoft Cloud in a research note on Tuesday, September 16th. They issued a “buy” rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.65.

Kingsoft Cloud Stock Up 1.1%

The firm has a market capitalization of $3.92 billion, a PE ratio of -24.94 and a beta of 2.03. The firm’s 50-day moving average is $11.52 and its 200 day moving average is $13.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93.

Hedge Funds Weigh In On Kingsoft Cloud

A number of institutional investors have recently made changes to their positions in KC. Goldman Sachs Group Inc. lifted its position in Kingsoft Cloud by 9.6% during the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company’s stock valued at $1,919,000 after buying an additional 11,720 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Kingsoft Cloud in the 2nd quarter valued at $100,000. Bayforest Capital Ltd lifted its holdings in shares of Kingsoft Cloud by 417.5% during the 2nd quarter. Bayforest Capital Ltd now owns 28,020 shares of the company’s stock valued at $351,000 after acquiring an additional 22,606 shares in the last quarter. Beverly Hills Private Wealth LLC acquired a new stake in Kingsoft Cloud in the 2nd quarter valued at $126,000. Finally, Envestnet Asset Management Inc. increased its holdings in Kingsoft Cloud by 13.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,481 shares of the company’s stock valued at $1,083,000 after purchasing an additional 10,292 shares in the last quarter. 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.