Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Time to Buy?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up before the market opened on Friday . The stock had previously closed at $11.95, but opened at $12.56. Kingsoft Cloud shares last traded at $12.4870, with a volume of 296,582 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday. Three 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.com, the company has a consensus rating of “Hold” and an average price target of $19.65.

Kingsoft Cloud Trading Up 3.3%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -23.73 and a beta of 2.03. The business has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $13.21.

Institutional Investors Weigh In On Kingsoft Cloud

Several hedge funds have recently added to or reduced their stakes in KC. Artisan Partners Limited Partnership acquired a new position in shares of Kingsoft Cloud in the 3rd quarter worth approximately $51,504,000. JPMorgan Chase & Co. increased its position in shares of Kingsoft Cloud by 2,541.3% during the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after buying an additional 1,086,372 shares during the period. Penserra Capital Management LLC bought a new position in Kingsoft Cloud during the second quarter worth $5,955,000. LMR Partners LLP lifted its holdings in Kingsoft Cloud by 1,114.5% in the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after buying an additional 475,533 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in Kingsoft Cloud during the third quarter valued at $6,896,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

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.