Nebius Group (NASDAQ:NBIS) CRO Sells $2,976,331.20 in Stock

Nebius Group N.V. (NASDAQ:NBIS) CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the sale, the executive directly owned 26,886 shares of the company’s stock, valued at $7,425,913.20. This trade represents a 28.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, May 15th, Marc Boroditsky sold 4,500 shares of Nebius Group stock. The stock was sold at an average price of $217.55, for a total value of $978,975.00.
• On Wednesday, April 15th, Marc Boroditsky sold 4,500 shares of Nebius Group stock. The stock was sold at an average price of $160.10, for a total value of $720,450.00.

Nebius Group Stock Down 4.0%

Shares of NBIS traded down $10.55 during midday trading on Wednesday, reaching $250.03. 6,226,493 shares of the stock were exchanged, compared to its average volume of 16,003,180. Nebius Group N.V. has a 12-month low of $37.12 and a 12-month high of $278.84. The firm has a 50 day simple moving average of $161.71 and a 200-day simple moving average of $118.68. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The company has a market cap of $63.26 billion, a price-to-earnings ratio of 80.66 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group’s revenue for the quarter was up 684.0% compared to the same quarter last year. Research analysts forecast that Nebius Group N.V. will post -2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NBIS shares. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Cantor Fitzgerald started coverage on Nebius Group in a research note on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective on the stock. BWS Financial raised their price objective on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wolfe Research started coverage on Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 period. J.W. Cole Advisors Inc. increased 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 worth $3,760,000 after buying an additional 18,533 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in Nebius Group in the 4th quarter worth approximately $24,756,000. Nordea Investment Management AB bought a new position in Nebius Group in the 4th quarter worth approximately $1,401,000. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in Nebius Group in the 3rd quarter worth approximately $41,687,000. 21.90% of the stock is owned by institutional investors.

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.