Nebius Group (NASDAQ:NBIS) CTO Sells $3,987,816.65 in Stock

Nebius Group N.V. (NASDAQ:NBIS) CTO Danila Shtan sold 16,937 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer directly owned 274,763 shares of the company’s stock, valued at $64,692,948.35. The trade was a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Danila Shtan also recently made the following trade(s):

• On Thursday, June 4th, Danila Shtan sold 15,678 shares of Nebius Group stock. The stock was sold at an average price of $238.96, for a total value of $3,746,414.88.

Nebius Group Price Performance

NBIS traded up $2.85 during trading on Monday, reaching $218.47. 9,672,373 shares of the stock were exchanged, compared to its average volume of 16,376,606. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The company has a market capitalization of $55.28 billion, a price-to-earnings ratio of 70.41 and a beta of 4.10. Nebius Group N.V. has a 1 year low of $43.89 and a 1 year high of $299.86. The business’s 50 day moving average price is $219.69 and its two-hundred day moving average price is $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. The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue was up 684.0% on a year-over-year basis. As a group, equities research analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $200.00 to $250.00 in a research report on Monday, May 18th. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Bank of America increased their price objective on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Wolfe Research began coverage on Nebius Group in a research 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 given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.

Institutional Trading of Nebius Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in Nebius Group by 2,391.3% in the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares in the last quarter. Capital Research Global Investors bought a new position in Nebius Group during the fourth quarter worth about $231,635,000. Fred Alger Management LLC grew its stake in Nebius Group by 33.4% in the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after acquiring an additional 2,536,832 shares during the period. Accel Leaders 3 Associates L.P. acquired a new position in Nebius Group in the fourth quarter valued at about $188,496,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Nebius Group in the third quarter worth about $238,511,000. 21.90% of the stock is owned by 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.