Nebius Group (NASDAQ:NBIS) CEO Sells $10,978,327.15 in Stock

Nebius Group N.V. (NASDAQ:NBISGet Free Report) CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the transaction, the chief executive officer owned 821,662 shares in the company, valued at approximately $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Nebius Group Stock Up 10.9%

Nebius Group stock opened at $216.48 on Thursday. The stock has a market cap of $54.77 billion, a PE ratio of 69.83 and a beta of 4.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a one year low of $43.89 and a one year high of $299.86. The stock has a fifty day moving average of $223.20 and a 200 day moving average of $148.02.

Nebius Group (NASDAQ:NBISGet Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.58. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.Nebius Group’s revenue was up 684.0% compared to the same quarter last year. As a group, sell-side analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Institutional Investors Weigh In On Nebius Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. Sarver Vrooman Wealth Advisors bought a new position in shares of Nebius Group in the second quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Nebius Group by 95.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 229 shares of the company’s stock valued at $63,000 after buying an additional 112 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Caldwell Trust Co bought a new position in Nebius Group in the 1st quarter worth $31,000. Finally, Parkside Financial Bank & Trust bought a new position in Nebius Group in the 4th quarter worth $25,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group News Roundup

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on NBIS. Bank of America upped their target price on shares of Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday, June 8th. BWS Financial lifted their price target on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Morgan Stanley upped their price objective on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald assumed coverage on Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.25.

View Our Latest Research Report on Nebius Group

About Nebius Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Nebius Group (NASDAQ:NBIS)

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