Nebius Group (NASDAQ:NBIS) Shares Down 1.2% After Insider Selling

Nebius Group N.V. (NASDAQ:NBIS)’s share price traded down 1.2% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $206.21 and last traded at $213.02. 14,759,809 shares changed hands during trading, a decline of 10% from the average daily volume of 16,419,322 shares. The stock had previously closed at $215.62.

Specifically, CTO Danila Shtan sold 16,937 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the transaction, the chief technology officer directly owned 274,763 shares in the company, valued at $64,692,948.35. The trade was a 5.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the transaction, the chief executive officer owned 821,662 shares of the company’s stock, valued at $193,460,317.90. This represents a 5.37% decrease in their position. The SEC filing for this sale provides additional information. In related news, insider Andrey Korolenko sold 33,871 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the sale, the insider directly owned 551,338 shares of the company’s stock, valued at $129,812,532.10. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NBIS. BNP Paribas Exane started coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price objective on the stock. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Citizens Jmp lifted their price target on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Wolfe Research began coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. Finally, Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Trading Down 1.2%

The stock has a 50 day moving average of $219.69 and a 200-day moving average of $145.28. The company has a market capitalization of $53.90 billion, a P/E ratio of 68.72 and a beta of 4.10. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.77) by $0.54. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s quarterly revenue was up 684.0% compared to the same quarter last year. On average, research analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada bought a new stake in Nebius Group during the first quarter valued at about $1,628,000. Millennium Management LLC bought a new stake in shares of Nebius Group during the first quarter valued at approximately $11,563,000. NewEdge Advisors LLC purchased a new position in shares of Nebius Group in the first quarter worth $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Nebius Group in the first quarter worth $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Nebius Group in the second quarter worth $68,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

About Nebius Group

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.