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

Kingsoft Cloud Holdings Limited (NASDAQ:KC) was the recipient of some unusual options trading activity on Monday. Stock traders bought 12,399 put options on the stock. This is an increase of approximately 752% compared to the average daily volume of 1,456 put options.

Wall Street Analyst Weigh In

KC has been the subject of several recent research reports. UBS Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.20 to $12.50 in a research report on Friday, December 6th. Nomura upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $2.30 to $6.70 in a research report on Friday, November 22nd. Finally, Nomura Securities upgraded Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kingsoft Cloud currently has an average rating of “Buy” and an average target price of $5.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Kingsoft Cloud during the third quarter worth approximately $47,000. Blue Trust Inc. raised its holdings in Kingsoft Cloud by 30.9% during the 3rd quarter. Blue Trust Inc. now owns 18,888 shares of the company’s stock valued at $56,000 after buying an additional 4,458 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Kingsoft Cloud by 12.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company’s stock valued at $205,000 after buying an additional 2,200 shares during the period. Yeomans Consulting Group Inc. bought a new stake in Kingsoft Cloud in the fourth quarter worth $318,000. Finally, Walleye Capital LLC bought a new position in Kingsoft Cloud during the third quarter valued at $119,000. 13.40% of the stock is currently owned by institutional investors.

Kingsoft Cloud Price Performance

Shares of NASDAQ:KC traded up $2.78 during mid-day trading on Monday, reaching $15.35. The stock had a trading volume of 9,906,574 shares, compared to its average volume of 2,622,407. The business’s 50 day moving average price is $9.60 and its 200 day moving average price is $5.30. Kingsoft Cloud has a 1 year low of $2.02 and a 1 year high of $16.34. The company has a market cap of $3.89 billion, a P/E ratio of -12.70 and a beta of 2.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10.

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.