Tao Zou Sells 300,000 Shares of Kingsoft Cloud (NASDAQ:KC) Stock

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) CEO Tao Zou sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $0.64, for a total value of $192,000.00. Following the sale, the chief executive officer directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. This represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kingsoft Cloud Stock Performance

Kingsoft Cloud stock opened at $9.90 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03. Kingsoft Cloud Holdings Limited Sponsored ADR has a 12 month low of $8.35 and a 12 month high of $18.52. The company has a fifty day moving average price of $10.71 and a two-hundred day moving average price of $12.96. The company has a market cap of $2.99 billion, a PE ratio of -21.06 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last issued its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The business had revenue of $392.15 million for the quarter. Research analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Kingsoft Cloud

Hedge funds and other institutional investors have recently made changes to their positions in the business. Artisan Partners Limited Partnership increased its position in Kingsoft Cloud by 16.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after acquiring an additional 564,907 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Kingsoft Cloud in the first quarter worth $9,456,000. Defiance ETFs LLC bought a new position in shares of Kingsoft Cloud in the fourth quarter worth $6,463,000. Maxi Investments CY Ltd acquired a new position in shares of Kingsoft Cloud during the fourth quarter valued at $5,980,000. Finally, LMR Partners LLP raised its stake in shares of Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after purchasing an additional 475,533 shares in the last quarter. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KC. Jefferies Financial Group reissued a “buy” rating and issued a $17.00 price target on shares of Kingsoft Cloud in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Friday, July 17th. Finally, Morgan Stanley started coverage on Kingsoft Cloud in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.15.

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.