Nebius Group (NASDAQ:NBIS) Insider Andrey Korolenko Sells 31,357 Shares

Nebius Group N.V. (NASDAQ:NBIS) insider Andrey Korolenko sold 31,357 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $111.20, for a total transaction of $3,486,898.40. Following the completion of the sale, the insider owned 585,209 shares in the company, valued at approximately $65,075,240.80. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Andrey Korolenko also recently made the following trade(s):

• On Tuesday, March 31st, Andrey Korolenko sold 26,976 shares of Nebius Group stock. The stock was sold at an average price of $98.78, for a total transaction of $2,664,689.28.

Nebius Group Trading Up 6.3%

NASDAQ NBIS traded up $7.39 on Wednesday, hitting $124.79. 11,984,336 shares of the company were exchanged, compared to its average volume of 14,928,066. The company’s 50 day moving average price is $101.11 and its 200-day moving average price is $102.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57. The firm has a market capitalization of $31.42 billion, a P/E ratio of -85.46 and a beta of 4.20. Nebius Group N.V. has a twelve month low of $18.89 and a twelve month high of $141.10.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $246.05 million. Analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NBIS shares. BWS Financial boosted their price target on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Morgan Stanley initiated coverage on Nebius Group in a report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 target price for the company. Compass Point initiated coverage on Nebius Group in a report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 target price for the company. Freedom Capital upgraded Nebius Group to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Citigroup started coverage on Nebius Group in a report on Monday, March 16th. They issued a “buy” rating and a $169.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nebius Group presently has an average rating of “Moderate Buy” and a consensus target price of $157.09.

Institutional Trading of Nebius Group

A number of large investors have recently bought and sold shares of the stock. Harbor Advisors LLC grew its position in Nebius Group by 0.4% in the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock valued at $3,099,000 after acquiring an additional 100 shares during the period. Calton & Associates Inc. grew its holdings in shares of Nebius Group by 2.7% during the fourth quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock worth $400,000 after purchasing an additional 124 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Nebius Group by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after purchasing an additional 125 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Nebius Group by 5.7% during the fourth quarter. Keybank National Association OH now owns 2,584 shares of the company’s stock worth $216,000 after purchasing an additional 140 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Company 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.