Insider Selling: Nebius Group (NASDAQ:NBIS) CRO Sells 7,000 Shares of Stock

Nebius Group N.V. (NASDAQ:NBIS) CRO Marc Boroditsky sold 7,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $211.23, for a total transaction of $1,478,610.00. Following the completion of the transaction, the executive owned 7,000 shares in the company, valued at $1,478,610. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marc Boroditsky also recently made the following trade(s):

• On Wednesday, July 15th, Marc Boroditsky sold 22,386 shares of Nebius Group stock. The stock was sold at an average price of $197.00, for a total value of $4,410,042.00.
• On Monday, September 14th, Marc Boroditsky sold 7,000 shares of Nebius Group stock. The shares were sold at an average price of $209.08, for a total transaction of $1,463,560.00.

Nebius Group Stock Down 1.5%

Shares of NASDAQ:NBIS traded down $3.20 during trading hours on Tuesday, hitting $206.86. The company’s stock had a trading volume of 17,476,588 shares, compared to its average volume of 17,609,914. Nebius Group N.V. has a 52 week low of $73.52 and a 52 week high of $299.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market capitalization of $52.34 billion, a price-to-earnings ratio of -6,893.04 and a beta of 4.18. The firm’s fifty day moving average price is $225.09 and its 200 day moving average price is $205.13.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million during the quarter, compared to analysts’ expectations of $567.91 million. During the same quarter in the prior year, the company earned $2.38 EPS. The company’s revenue was up 454% compared to the same quarter last year. As a group, research analysts expect that Nebius Group N.V. will post -3.48 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Nebius Group by 16.0% in the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock worth $3,184,591,000 after acquiring an additional 1,593,684 shares in the last quarter. Situational Awareness LP purchased a new position in Nebius Group during the second quarter valued at $1,232,895,000. State Street Corp lifted its holdings in Nebius Group by 16.2% during the second quarter. State Street Corp now owns 4,069,875 shares of the company’s stock valued at $1,123,977,000 after purchasing an additional 568,415 shares in the last quarter. Jennison Associates LLC lifted its holdings in Nebius Group by 134.3% during the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock valued at $1,100,233,000 after purchasing an additional 2,283,676 shares in the last quarter. Finally, Accel Leaders 4 Associates L.P. acquired a new stake in shares of Nebius Group in the second quarter valued at about $1,012,097,322. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analysts Set New Price Targets

NBIS has been the topic of several recent analyst reports. Truist Financial raised Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Rosenblatt Securities started coverage on Nebius Group in a research note on Thursday, October 8th. They set a “buy” rating and a $304.00 price target on the stock. DA Davidson restated a “neutral” rating and set a $175.00 price objective on shares of Nebius Group in a report on Thursday, August 13th. Piper Sandler began coverage on shares of Nebius Group in a report on Monday, August 3rd. They set a “neutral” rating and a $224.00 price objective on the stock. Finally, William Blair initiated coverage on shares of Nebius Group in a research report on Wednesday, September 30th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Nebius Group has a consensus rating of “Moderate Buy” and a consensus target price of $245.69.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on artificial intelligence infrastructure and related services. Through its Nebius AI business, the company provides cloud-based computing infrastructure designed for developing, training and deploying machine-learning and generative AI applications, including access to accelerated computing, data storage, networking and managed cloud services.

The company also develops tools and services intended to support AI developers and businesses, including data and machine-learning infrastructure.