Nebius Group (NASDAQ:NBIS) Stock Falls 8.3% After Insider Selling

Nebius Group N.V. (NASDAQ:NBIS)’s share price was down 8.3% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $140.60 and last traded at $141.39. 20,013,681 shares were traded during trading, an increase of 10% from the average daily volume of 18,158,324 shares. The stock had previously closed at $154.14.

Specifically, Director Wilson Boynton sold 333 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $173.07, for a total transaction of $57,632.31. Following the completion of the sale, the director directly owned 403,189 shares in the company, valued at approximately $69,779,920.23. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NBIS shares. Piper Sandler dropped their target price on shares of Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Rosenblatt Securities began coverage on shares of Nebius Group in a report on Thursday, October 8th. They issued a “buy” rating and a $304.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Nebius Group from $250.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Rothschild & Co Redburn assumed coverage on Nebius Group in a research report on Monday, September 21st. They issued a “sell” rating and a $84.00 price objective on the stock. Finally, Citigroup increased their target price on Nebius Group from $278.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.25.

Nebius Group Price Performance

The firm has a market capitalization of $35.77 billion, a PE ratio of -4,711.43 and a beta of 4.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a 50-day simple moving average of $209.70 and a 200-day simple moving average of $176.87.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million during the quarter, compared to analyst estimates of $567.91 million. During the same quarter in the prior year, the firm earned $2.38 EPS. The business’s revenue for the quarter was up 454% compared to the same quarter last year. As a group, equities analysts forecast that Nebius Group N.V. will post -3.19 earnings per share for the current year.

Institutional Trading of Nebius Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBIS. Allied Private Wealth LLC bought a new position in Nebius Group in the second quarter worth approximately $25,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Nebius Group during the 2nd quarter valued at $28,000. GoalVest Advisory LLC purchased a new stake in shares of Nebius Group in the 2nd quarter worth $28,000. Wealth Enhancement Trust Services Inc. increased its stake in shares of Nebius Group by 227.1% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 157 shares of the company’s stock worth $37,000 after purchasing an additional 109 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of Nebius Group by 66.3% in the 3rd quarter. Eastern Bank now owns 158 shares of the company’s stock worth $37,000 after purchasing an additional 63 shares in the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

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.