Kingsoft Cloud (NASDAQ:KC) Stock Price Down 11% – Here’s What Happened

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)’s stock price dropped 11% during trading on Friday . The company traded as low as $12.99 and last traded at $12.9950. Approximately 632,387 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 1,548,081 shares. The stock had previously closed at $14.60.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KC. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

Kingsoft Cloud Trading Down 9.1%

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 business has a 50-day simple moving average of $13.22 and a 200-day simple moving average of $13.01. The company has a market cap of $4.01 billion, a PE ratio of -25.52 and a beta of 2.04.

Hedge Funds Weigh In On Kingsoft Cloud

Several hedge funds have recently bought and sold shares of KC. Caitong International Asset Management Co. Ltd purchased a new position in Kingsoft Cloud during the 4th quarter valued at about $63,000. Farther Finance Advisors LLC increased its stake in Kingsoft Cloud by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 9,053 shares of the company’s stock worth $135,000 after purchasing an additional 1,053 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kingsoft Cloud by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after purchasing an additional 1,170 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in shares of Kingsoft Cloud during the third quarter worth about $150,000. Finally, Burns Matteson Capital Management LLC boosted its stake in shares of Kingsoft Cloud by 23.1% in the third quarter. Burns Matteson Capital Management LLC now owns 11,741 shares of the company’s stock valued at $175,000 after purchasing an additional 2,207 shares during the period. Institutional investors and hedge funds 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.