Nebius Group (NASDAQ:NBIS) Shares Down 1.2% After Insider Selling

Nebius Group N.V. (NASDAQ:NBIS) shares fell 1.2% on Monday after an insider sold shares in the company. The stock traded as low as $206.21 and last traded at $213.02. Approximately 14,759,809 shares changed hands during trading, a decline of 10% from the average daily volume of 16,419,322 shares. The stock had previously closed at $215.62.

Specifically, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $3,987,816.65. Following the sale, the chief technology officer directly owned 274,763 shares in the company, valued at approximately $64,692,948.35. The trade was a 5.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Arkadiy Volozh sold 46,627 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. This trade represents a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, insider Andrey Korolenko sold 33,871 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the completion of the transaction, the insider owned 551,338 shares in the company, valued at $129,812,532.10. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NBIS. BNP Paribas Exane assumed coverage on Nebius Group in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price on the stock. Bank of America lifted their price objective on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Freedom Capital cut Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley increased their target price on Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Finally, Wolfe Research started coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Price Performance

The firm has a market capitalization of $53.90 billion, a P/E ratio of 68.72 and a beta of 4.10. 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 50 day moving average price of $219.69 and a 200-day moving average price of $145.28.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating 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 firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The business’s quarterly revenue was up 684.0% on a year-over-year basis. On average, analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Meadowbrook Wealth Management LLC increased its position in Nebius Group by 15.6% during the second quarter. Meadowbrook Wealth Management LLC now owns 21,390 shares of the company’s stock valued at $5,907,000 after acquiring an additional 2,883 shares during the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of Nebius Group in the 2nd quarter worth about $934,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Nebius Group by 95.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 229 shares of the company’s stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Nebius Group during the 2nd quarter worth about $28,000. Finally, Confluence Investment Management LLC grew its holdings in Nebius Group by 2.0% during the 2nd quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock valued at $684,000 after purchasing an additional 48 shares during the last quarter. 21.90% of the stock is owned by hedge funds and other 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.