Nebius Group N.V. $NBIS Stock Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 25.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,994 shares of the company’s stock after selling 19,806 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Nebius Group were worth $13,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Situational Awareness LP purchased a new stake in Nebius Group in the 2nd quarter worth about $1,232,895,000. Accel Leaders 4 Associates L.P. purchased a new position in shares of Nebius Group during the second quarter valued at approximately $1,012,097,322. Jennison Associates LLC boosted its position in shares of 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 buying an additional 2,283,676 shares during the period. Accel Leaders 3 Associates L.P. bought a new position in shares of Nebius Group during the second quarter valued at approximately $621,908,604. Finally, BlackRock Inc. grew its stake in shares of Nebius Group by 16.0% during the second quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock valued at $3,184,591,000 after buying an additional 1,593,684 shares during the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Trading Up 0.1%

Shares of NBIS opened at $171.57 on Thursday. Nebius Group N.V. has a 1-year low of $73.52 and a 1-year high of $299.86. The company has a 50-day moving average of $221.10 and a 200 day moving average of $208.87. The firm has a market capitalization of $43.41 billion, a price-to-earnings ratio of -5,717.09 and a beta of 4.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03.

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

Key Stories Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Nebius’ Chief Revenue Officer Marc Boroditsky said AI-computing prices continue to rise faster than expected, countering concerns that a supply glut could undermine neocloud economics. SpaceX executives also said new AI-compute deployments are generating payback in less than a year, supporting broader demand for GPU infrastructure. Investors question neocloud business model
• Positive Sentiment: Director Arne Grimme bought a combined 299 shares for roughly $49,700 in transactions on October 20 and 21. Although both purchases were made under a pre-arranged Rule 10b5-1 plan, the increased position provides a modest confidence signal. SEC insider purchase filing
• Positive Sentiment: Nebius announced public live spot pricing for GPU compute and participated in a robotics project with NVIDIA, Sereact, CEVA Logistics and Zalando. Greater pricing transparency and real-world AI deployments could help attract customers and validate its platform. Nebius announces public GPU spot pricing
• Neutral Sentiment: Longer-term bullish commentary argues the AI infrastructure buildout is still in its early stages, with substantial future spending expected on GPUs, data centers, power and networking. However, this view does not resolve Nebius’ near-term profitability and execution requirements.
• Negative Sentiment: Piper Sandler cut its Nebius price target from $237 to $185 and assigned a neutral rating. The downgrade reflects valuation and financing concerns, even though the new target remains above the current trading level. Piper Sandler cuts Nebius target
• Negative Sentiment: Investors remain concerned about debt-funded expansion, heavy capital expenditures and the possibility of excess AI-compute capacity. These concerns have pressured Nebius and CoreWeave despite supportive comments from SpaceX executives. Why CoreWeave and Nebius stocks are under pressure
• Negative Sentiment: Investor Michael Burry’s reported short position in Nebius adds to negative sentiment, while a recent director sale of 7,260 shares worth about $1.29 million reinforces caution. The sale was also made under a pre-arranged trading plan, limiting its significance. Michael Burry shorting Nebius

Analyst Upgrades and Downgrades

NBIS has been the topic of several recent analyst reports. Piper Sandler reduced their price target on Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. William Blair began coverage on Nebius Group in a report on Wednesday, September 30th. They set an “outperform” rating for the company. Freedom Capital raised Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Zacks Research upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Nebius Group currently has an average rating of “Moderate Buy” and a consensus price target of $243.25.

Insider Activity

In other news, CTO Danila Shtan sold 14,546 shares of Nebius Group stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $234.16, for a total transaction of $3,406,091.36. Following the completion of the sale, the chief technology officer owned 260,217 shares of the company’s stock, valued at approximately $60,932,412.72. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Marc Boroditsky sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $211.23, for a total value of $1,478,610.00. Following the completion of the sale, the executive owned 7,000 shares of the company’s stock, valued at $1,478,610. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have purchased 595 shares of company stock valued at $100,030 and have sold 158,490 shares valued at $38,111,200.

About Nebius Group

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.