Key Points
- CEO Tao Zou sold 300,000 shares at an average price of $0.64, generating $192,000 and reducing his direct ownership by 15% to 1.7 million shares.
- Kingsoft Cloud reported a quarterly loss of $0.17 per share on $392.15 million in revenue, with negative net margin and return on equity; analysts expect a full-year loss of $0.45 per share.
- Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and a $17.15 average price target, despite one sell rating and the stock trading below its 52-week high.
Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) CEO Tao Zou sold 300,000 shares of the firm'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 transaction, the chief executive officer directly owned 1,700,000 shares of the company's stock, valued at approximately $1,088,000. This trade represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Kingsoft Cloud Trading Up 1.8%
Shares of KC opened at $10.11 on Wednesday. The stock has a market capitalization of $3.05 billion, a PE ratio of -21.51 and a beta of 1.99. The company's fifty day moving average is $10.79 and its 200 day moving average is $12.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.03. Kingsoft Cloud Holdings Limited Sponsored ADR has a fifty-two week low of $8.35 and a fifty-two week high of $18.52.
Kingsoft Cloud (NASDAQ:KC - Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%. The business had revenue of $392.15 million for the quarter. Sell-side analysts expect that Kingsoft Cloud Holdings Limited Sponsored ADR will post -0.45 earnings per share for the current fiscal year.
Analysts Set New Price Targets
KC has been the subject of several recent research reports. Morgan Stanley initiated coverage on Kingsoft Cloud in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $15.00 price target for the company. Jefferies Financial Group restated a "buy" rating and set a $17.00 price objective on shares of Kingsoft Cloud in a research report on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.15.
Get Our Latest Stock Analysis on Kingsoft Cloud
Institutional Investors Weigh In On Kingsoft Cloud
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Kingsoft Cloud in the 4th quarter worth about $63,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kingsoft Cloud by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company's stock valued at $95,000 after purchasing an additional 1,170 shares during the last quarter. CWM LLC purchased a new stake in Kingsoft Cloud in the 4th quarter worth about $132,000. Equitable Holdings Inc. purchased a new stake in Kingsoft Cloud in the 3rd quarter worth about $150,000. Finally, Nomura Holdings Inc. bought a new stake in Kingsoft Cloud in the second quarter worth about $175,000. Hedge funds and other institutional investors own 13.40% of the company's stock.
Kingsoft Cloud Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
