Sigma Planning Corp Has $1.81 Million Stock Position in Nebius Group N.V. $NBIS

Sigma Planning Corp boosted its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 60.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,552 shares of the company’s stock after purchasing an additional 2,460 shares during the quarter. Sigma Planning Corp’s holdings in Nebius Group were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group during the 2nd quarter worth $1,012,097,322. State Street Corp lifted its stake in shares of Nebius Group by 2,391.3% in the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares during the period. Capital Research Global Investors acquired a new position in shares of Nebius Group in the 4th quarter valued at $231,635,000. Jennison Associates LLC boosted its position in shares of Nebius Group by 134.3% in the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after purchasing an additional 2,283,676 shares during the last quarter. Finally, Accel Leaders 3 Associates L.P. bought a new position in shares of Nebius Group in the 2nd quarter worth $621,908,604. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on Nebius Group from $278.00 to $324.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Piper Sandler started coverage on Nebius Group in a research note on Monday, August 3rd. They issued a “neutral” rating and a $224.00 target price on the stock. Zacks Research lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. BNP Paribas Exane assumed coverage on Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target for the company. Finally, Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $206.32 on Tuesday. The company has a market capitalization of $52.20 billion, a PE ratio of -6,875.04 and a beta of 4.23. Nebius Group N.V. has a 12 month low of $63.26 and a 12 month high of $299.86. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $216.41 and its 200 day simple moving average is $179.08.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million during the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.The company’s revenue was up 454% on a year-over-year basis. During the same period in the previous year, the firm earned $2.38 earnings per share. On average, research analysts predict that Nebius Group N.V. will post -3.76 EPS for the current year.

Insiders Place Their Bets

In related news, Director John Wilson Iv Boynton sold 5,812 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the sale, the director directly owned 378,665 shares in the company, valued at $95,912,057.85. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the sale, the chief executive officer directly owned 821,662 shares in the company, valued at $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 174,221 shares of company stock worth $42,871,270 in the last three months.

Nebius Group Profile

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.