Nebius Group (NASDAQ:NBIS) Trading Down 7% Following Insider Selling

Nebius Group N.V. (NASDAQ:NBIS)’s stock price traded down 7% during trading on Monday following insider selling activity. The company traded as low as $200.06 and last traded at $204.6180. 4,252,362 shares were traded during trading, a decline of 73% from the average session volume of 15,717,213 shares. The stock had previously closed at $219.94.

Specifically, insider Andrey Korolenko sold 500,000 shares of Nebius Group stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the sale, the insider directly owned 585,209 shares of the company’s stock, valued at $118,937,877.16. The trade was a 46.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elena Bunina sold 10,894 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total transaction of $2,253,641.78. Following the completion of the transaction, the director directly owned 10,772 shares of the company’s stock, valued at approximately $2,228,403.64. This trade represents a 50.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NBIS shares. Cantor Fitzgerald initiated coverage on shares of Nebius Group in a research report on Thursday, April 9th. They set an “overweight” rating and a $129.00 target price on the stock. Citigroup increased their target price on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research began coverage on Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating on the stock. DA Davidson cut shares of Nebius Group from a “buy” rating to a “neutral” rating and set a $250.00 target price on the stock. in a report on Monday. Finally, Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.75.

Nebius Group Trading Down 10.3%

The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $49.90 billion, a price-to-earnings ratio of 64.90 and a beta of 4.03. The company has a fifty day moving average price of $138.08 and a two-hundred day moving average price of $110.98.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. The company’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, research analysts forecast that Nebius Group N.V. will post -2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nebius Group

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Nebius Group by 34,371.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock worth $7,848,000 after buying an additional 93,490 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in Nebius Group by 123.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock valued at $3,760,000 after acquiring an additional 18,533 shares in the last quarter. Trek Financial LLC purchased a new stake in Nebius Group during the third quarter valued at approximately $2,309,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Nebius Group during the fourth quarter valued at approximately $24,756,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Nebius Group by 52.0% during the 3rd 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 during the last quarter. Institutional investors and hedge funds 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.