Stock Traders Purchase Large Volume of Kingsoft Cloud Call Options (NASDAQ:KC)

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KCGet Free Report) was the target of some unusual options trading on Tuesday. Stock investors purchased 4,277 call options on the stock. This is an increase of approximately 82% compared to the average daily volume of 2,353 call options.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.65.

View Our Latest Stock Analysis on KC

Kingsoft Cloud Trading Up 2.0%

KC stock opened at $14.80 on Thursday. Kingsoft Cloud has a 52-week low of $10.29 and a 52-week high of $22.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.47 billion, a P/E ratio of -28.46 and a beta of 2.03. The company’s 50-day simple moving average is $11.71 and its 200-day simple moving average is $13.27.

Institutional Investors Weigh In On Kingsoft Cloud

A number of institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership acquired a new position in Kingsoft Cloud during the third quarter worth $51,504,000. JPMorgan Chase & Co. increased its stake in shares of Kingsoft Cloud by 2,541.3% during the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after purchasing an additional 1,086,372 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Kingsoft Cloud during the 2nd quarter worth about $5,955,000. LMR Partners LLP boosted its holdings in Kingsoft Cloud by 1,114.5% in the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after buying an additional 475,533 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Kingsoft Cloud in the 3rd quarter worth about $6,896,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

About Kingsoft Cloud

(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.

Further Reading

Receive News & Ratings for Kingsoft Cloud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingsoft Cloud and related companies with MarketBeat.com's FREE daily email newsletter.