Kingsoft Cloud Target of Unusually Large Options Trading (NASDAQ:KC)

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 5,591 call options on the stock. This is an increase of approximately 111% compared to the average volume of 2,649 call options.

Kingsoft Cloud Stock Performance

Shares of NASDAQ:KC traded up $2.07 on Tuesday, reaching $14.78. 2,450,127 shares of the company's stock were exchanged, compared to its average volume of 2,903,685. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -13.45 and a beta of 2.10. Kingsoft Cloud has a fifty-two week low of $2.02 and a fifty-two week high of $22.26. The business's 50-day moving average is $12.70 and its two-hundred day moving average is $13.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kingsoft Cloud by 0.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 332,906 shares of the company's stock valued at $4,781,000 after purchasing an additional 1,710 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Kingsoft Cloud by 13.8% in the fourth quarter. Two Sigma Advisers LP now owns 27,200 shares of the company's stock worth $285,000 after buying an additional 3,300 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Kingsoft Cloud in the first quarter worth about $65,000. Invesco Ltd. boosted its holdings in shares of Kingsoft Cloud by 8.4% in the fourth quarter. Invesco Ltd. now owns 62,855 shares of the company's stock worth $659,000 after buying an additional 4,878 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in shares of Kingsoft Cloud in the first quarter worth approximately $78,000. Institutional investors own 13.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KC. Wall Street Zen cut shares of Kingsoft Cloud from a "hold" rating to a "sell" rating in a research note on Saturday. Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price for the company in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.33.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.

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