Kingsoft Cloud Holdings Limited Sponsored ADR (KC) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Four of six analysts rate Kingsoft Cloud a buy, while one rates it a hold and one a sell. The average 12-month price target is $16.67 versus a reported share price of $9.32.
• The stock remains well below its recent high: Kingsoft Cloud has traded between $8.35 and $18.52 over the past year, with its 50-day and 200-day moving averages at $10.32 and $11.89, respectively.
• Ownership activity is mixed: CEO Tao Zou sold 300,000 shares, reducing his position by 15%, while hedge funds and other institutional investors own 13.4% of the company and several institutions recently added or initiated positions.

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.67.

Several equities research analysts recently commented on the company. Bank of America reiterated a "buy" rating on shares of Kingsoft Cloud in a report on Wednesday, August 19th. Morgan Stanley started coverage on shares of Kingsoft Cloud in a research note on Tuesday, July 7th. They set an "overweight" rating and a $15.00 target price on the stock. Jefferies Financial Group restated a "buy" rating on shares of Kingsoft Cloud in a research note on Wednesday, August 19th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kingsoft Cloud in a report on Friday, July 17th. Finally, The Goldman Sachs Group set a $18.00 price target on shares of Kingsoft Cloud in a research note on Tuesday, September 1st.

Insiders Place Their Bets

In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of the business's stock in a transaction on Friday, July 17th. The shares were sold at an average price of $0.64, for a total transaction of $192,000.00. Following the completion of the sale, the chief executive officer directly owned 1,700,000 shares in the company, valued at approximately $1,088,000. The trade was a 15.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.20% of the company's stock.

Hedge Funds Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently modified their holdings of KC. Caitong International Asset Management Co. Ltd purchased a new position in Kingsoft Cloud during the fourth quarter valued at $73,000. Cetera Investment Advisers grew its holdings in Kingsoft Cloud by 11.7% during the first quarter. Cetera Investment Advisers now owns 33,049 shares of the company's stock valued at $442,000 after purchasing an additional 3,449 shares during the period. ABC Arbitrage SA bought a new stake in Kingsoft Cloud during the first quarter valued at about $442,000. Blue Trust Inc. increased its position in Kingsoft Cloud by 39.2% in the first quarter. Blue Trust Inc. now owns 35,085 shares of the company's stock worth $469,000 after buying an additional 9,881 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Kingsoft Cloud in the second quarter worth about $588,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

Kingsoft Cloud Trading Up 0.8%

Shares of NASDAQ:KC opened at $9.32 on Wednesday. The company has a market cap of $2.82 billion, a P/E ratio of -33.28 and a beta of 1.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 1.01. Kingsoft Cloud has a 1 year low of $8.35 and a 1 year high of $18.52. The stock's fifty day moving average price is $10.32 and its 200-day moving average price is $11.89.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited is a cloud service provider headquartered in China. The company delivers cloud infrastructure, platform services and industry-specific solutions to businesses, government organizations and other institutions. Its offerings are designed to support applications such as data processing, enterprise software, online services and digital transformation initiatives.

Kingsoft Cloud's services include computing, storage, networking, databases, content delivery, cybersecurity, big data and artificial intelligence capabilities.

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