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

Nebius Group N.V. (NASDAQ:NBIS) 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 directly owned 821,662 shares in the company, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS traded up $2.85 during mid-day trading on Monday, reaching $218.47. 9,672,373 shares of the company traded hands, compared to its average volume of 16,376,606. The company’s 50 day moving average price is $219.69 and its 200-day moving average price is $145.28. The firm has a market cap of $55.28 billion, a PE ratio of 70.41 and a beta of 4.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. Nebius Group N.V. has a 52 week low of $43.89 and a 52 week high of $299.86.

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. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 684.0% compared to the same quarter last year. On average, equities analysts expect that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NBIS shares. Bank of America raised their price target 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. BNP Paribas Exane initiated coverage on shares of Nebius Group in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price for the company. DA Davidson downgraded shares of Nebius Group from a “buy” rating to a “neutral” rating and raised their target price for the company from $200.00 to $250.00 in a research note on Monday, May 18th. Morgan Stanley lifted their price target on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, Wolfe Research began coverage on Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating on the stock. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.25.

Institutional Investors Weigh In On Nebius Group

Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nebius Group by 34,371.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock valued at $7,848,000 after acquiring an additional 93,490 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Nebius Group during the 4th quarter worth about $24,756,000. Nordea Investment Management AB acquired a new stake in Nebius Group during the 4th quarter worth about $1,401,000. Geode Capital Management LLC lifted its position in Nebius Group by 1,095.7% during the 4th quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock worth $169,840,000 after acquiring an additional 1,875,612 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Nebius Group during the 4th quarter valued at about $8,111,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.