Nebius Group (NASDAQ:NBIS) CEO Arkadiy Volozh Sells 33,358 Shares

Nebius Group N.V. (NASDAQ:NBIS) CEO Arkadiy Volozh sold 33,358 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total value of $3,460,225.34. Following the sale, the chief executive officer owned 868,289 shares of the company’s stock, valued at $90,067,617.97. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Nebius Group Trading Up 6.1%

NBIS stock traded up $6.23 during midday trading on Thursday, reaching $108.18. 4,370,785 shares of the company’s stock traded hands, compared to its average volume of 14,888,048. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The business has a 50-day moving average price of $99.77 and a two-hundred day moving average price of $101.63. The company has a market capitalization of $27.24 billion, a P/E ratio of -73.00 and a beta of 4.20.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. The business had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $246.05 million. Equities research analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Nebius Group

Several large investors have recently added to or reduced their stakes in the stock. Trek Financial LLC acquired a new stake in shares of Nebius Group in the third quarter valued at approximately $2,309,000. J.W. Cole Advisors Inc. boosted its position in shares of Nebius Group by 123.9% during the third quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock worth $3,760,000 after buying an additional 18,533 shares during the period. Invesco Ltd. increased its position in Nebius Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after acquiring an additional 92,710 shares during the period. Salem Investment Counselors Inc. increased its position in Nebius Group by 2,272.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock valued at $3,023,000 after acquiring an additional 25,795 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Nebius Group by 52.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,169 shares of the company’s stock valued at $9,674,000 after purchasing an additional 29,494 shares in the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NBIS has been the topic of several recent research reports. BWS Financial boosted their price target on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Citigroup began coverage on Nebius Group in a research note on Monday, March 16th. They set a “buy” rating and a $169.00 price objective for the company. Morgan Stanley assumed coverage on shares of Nebius Group in a research report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 target price for the company. DA Davidson increased their target price on Nebius Group from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, Compass Point assumed coverage on Nebius Group in a report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.09.

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.