Kingsoft Cloud Holdings Limited Sponsored ADR $KC Stock Position Reduced by Ghisallo Capital Management LLC

Key Points

• Ghisallo Capital trimmed its stake in Kingsoft Cloud by 28.1% in Q3, selling 195,000 shares and leaving 500,000 shares (about 0.17% of the company) worth roughly $7.46 million.
• Other institutional activity was notable: Artisan Partners opened a roughly $51.5 million position and Penserra Capital boosted holdings by 32.8%, while institutional investors now own about 13.4% of the stock.
• Analyst views are mixed but skew positive overall, with an average MarketBeat rating of “Moderate Buy” and an average target of $18.30; recent notes include Goldman Sachs upgrading to Buy ($15.60) and Weiss Ratings reiterating a Sell.

Ghisallo Capital Management LLC trimmed its position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Free Report) by 28.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,000 shares of the company's stock after selling 195,000 shares during the quarter. Ghisallo Capital Management LLC owned approximately 0.17% of Kingsoft Cloud worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KC. Vise Technologies Inc. acquired a new position in Kingsoft Cloud in the second quarter worth $264,000. Penserra Capital Management LLC raised its holdings in shares of Kingsoft Cloud by 32.8% during the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company's stock worth $9,421,000 after purchasing an additional 155,788 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Kingsoft Cloud in the 3rd quarter worth about $51,504,000. Envestnet Asset Management Inc. lifted its position in shares of Kingsoft Cloud by 13.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,481 shares of the company's stock worth $1,083,000 after buying an additional 10,292 shares during the last quarter. Finally, Infini Capital Management Ltd acquired a new position in shares of Kingsoft Cloud in the 2nd quarter valued at about $2,259,000. 13.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kingsoft Cloud in a research report on Thursday, January 22nd. The Goldman Sachs Group upgraded Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $15.60 target price for the company in a research note on Tuesday, February 10th. Finally, Zacks Research lowered Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Four 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $18.30.

Kingsoft Cloud Stock Performance

KC opened at $13.54 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $12.92 and its 200-day moving average is $13.05. The stock has a market cap of $4.09 billion, a PE ratio of -26.04 and a beta of 2.04. Kingsoft Cloud Holdings Limited Sponsored ADR has a twelve month low of $10.29 and a twelve month high of $19.57.

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.

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