Nebius Group (NASDAQ:NBIS) CRO Marc Boroditsky Sells 10,776 Shares

Nebius Group N.V. (NASDAQ:NBIS) CRO Marc Boroditsky sold 10,776 shares of the business’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 owned 26,886 shares in the company, valued at $7,425,913.20. The trade was a 28.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $251.68 on Thursday. The business’s 50 day moving average price is $167.32 and its 200 day moving average price is $121.00. The firm has a market cap of $63.68 billion, a P/E ratio of 81.19 and a beta of 4.03. Nebius Group N.V. has a 52 week low of $37.12 and a 52 week high of $278.84. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating 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. The firm’s revenue was up 684.0% compared to the same quarter last year. On average, sell-side analysts expect that Nebius Group N.V. will post -1.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in Nebius Group during the 1st quarter worth $1,628,000. Millennium Management LLC purchased a new stake in shares of Nebius Group in the first quarter valued at approximately $11,563,000. NewEdge Advisors LLC acquired a new position in Nebius Group during the first quarter worth $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Nebius Group in the first quarter valued at $9,084,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Nebius Group during the 2nd quarter worth $68,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. BNP Paribas Exane assumed coverage on Nebius Group in a research report on Tuesday. They set a “neutral” rating and a $255.00 price objective for the company. Wolfe Research assumed coverage on Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $200.00 to $250.00 in a research report on Monday, May 18th. Finally, Citigroup raised their target price on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $188.31.

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.