Kingsoft Cloud (NASDAQ:KC) Shares Gap Up – Still a Buy?

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) gapped up before the market opened on Friday . The stock had previously closed at $12.60, but opened at $13.50. Kingsoft Cloud shares last traded at $13.5110, with a volume of 819,059 shares changing hands.

Analysts Set New Price Targets

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

Kingsoft Cloud Stock Performance

The firm’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $13.11. The firm has a market cap of $4.07 billion, a PE ratio of -25.92 and a beta of 2.07. 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 hedge funds and other institutional investors have recently bought and sold shares of KC. Vise Technologies Inc. acquired a new stake in shares of Kingsoft Cloud during the second quarter worth about $264,000. ABC Arbitrage SA lifted its holdings in shares of Kingsoft Cloud by 49.0% in the 2nd quarter. ABC Arbitrage SA now owns 134,331 shares of the company’s stock valued at $1,682,000 after buying an additional 44,206 shares during the period. Penserra Capital Management LLC acquired a new stake in Kingsoft Cloud in the second quarter valued at $5,955,000. Envestnet Asset Management Inc. grew its stake in shares of Kingsoft Cloud by 13.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 86,481 shares of the company’s stock worth $1,083,000 after purchasing an additional 10,292 shares during the period. Finally, Infini Capital Management Ltd purchased a new position in shares of Kingsoft Cloud in the 2nd quarter valued at about $2,259,000. 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.