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

Kingsoft Cloud Holdings Limited (NASDAQ:KC) saw some unusual options trading on Friday. Stock traders bought 5,497 call options on the company. This represents an increase of approximately 515% compared to the typical volume of 894 call options.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KC shares. UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.20 to $12.50 in a report on Friday, December 6th. Nomura upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $2.30 to $6.70 in a research note on Friday, November 22nd. Finally, Nomura Securities raised Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $5.93.

Kingsoft Cloud Stock Up 23.2 %

KC opened at $12.57 on Friday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -10.48 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $6.24 and its 200 day moving average is $3.88. Kingsoft Cloud has a fifty-two week low of $2.02 and a fifty-two week high of $12.84.

Institutional Investors Weigh In On Kingsoft Cloud

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in shares of Kingsoft Cloud by 383.5% in the third quarter. Jane Street Group LLC now owns 322,503 shares of the company’s stock worth $948,000 after buying an additional 255,795 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kingsoft Cloud during the 3rd quarter valued at approximately $326,000. GSA Capital Partners LLP raised its holdings in shares of Kingsoft Cloud by 90.2% during the 3rd quarter. GSA Capital Partners LLP now owns 172,415 shares of the company’s stock worth $507,000 after acquiring an additional 81,751 shares in the last quarter. XY Capital Ltd bought a new position in shares of Kingsoft Cloud during the 3rd quarter valued at approximately $214,000. Finally, Walleye Capital LLC purchased a new position in shares of Kingsoft Cloud in the third quarter valued at $119,000. Institutional investors own 13.40% of the company’s stock.

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.