Pinnacle Associates Ltd. Sells 23,385 Shares of Nebius Group N.V. $NBIS

Pinnacle Associates Ltd. decreased its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 23.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,800 shares of the company’s stock after selling 23,385 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Nebius Group were worth $21,210,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Dockside LLC bought a new position in shares of Nebius Group during the 2nd quarter valued at $493,000. Oppenheimer & Co. Inc. lifted its stake in shares of Nebius Group by 98.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 38,516 shares of the company’s stock valued at $10,637,000 after purchasing an additional 19,143 shares during the last quarter. Jennison Associates LLC boosted its holdings in Nebius Group by 134.3% in the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after purchasing an additional 2,283,676 shares in the last quarter. Fire Capital Management LLC bought a new stake in Nebius Group in the second quarter worth $248,000. Finally, Fulcrum Equity Management increased its position in Nebius Group by 42.5% during the second quarter. Fulcrum Equity Management now owns 3,887 shares of the company’s stock worth $1,073,000 after buying an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $277.58 on Friday. The firm has a market capitalization of $70.23 billion, a PE ratio of -9,249.58 and a beta of 4.23. Nebius Group N.V. has a 1 year low of $62.01 and a 1 year high of $299.86. The company has a current ratio of 4.03, a quick ratio of 8.33 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $222.53 and its 200 day simple moving average is $168.13.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Wednesday, August 12th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million during the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business’s revenue was up 454% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 EPS. On average, sell-side analysts anticipate that Nebius Group N.V. will post -3.91 EPS for the current year.

Key Nebius Group News

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

• Positive Sentiment: Exceptional quarterly growth: Nebius reported revenue of $582.3 million, up 454% year over year, while adjusted EBITDA reached $236 million and annualized revenue run rate approached $3 billion. Its AI Cloud segment grew 514%, exceeding many investor expectations. Nebius Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: Large contracts and expanding capacity: Four AI infrastructure contracts reportedly exceed $1 billion in total value, helping push the contracted power target to 5 gigawatts and supporting a backlog of more than $40 billion. Investors see this as improving multiyear revenue visibility. Nebius Is Up After Multi-Billion AI Cloud Wins
• Positive Sentiment: Analyst optimism: Citigroup raised its target to $324 and maintained a buy rating, while Bank of America lifted its target to $310 and Robert W. Baird raised its target to $340 with an outperform rating. Northland Securities also reiterated its buy rating. Northland Securities Reiterates Buy Rating
• Positive Sentiment: UK expansion and trading momentum: Nebius is deploying NVIDIA-powered infrastructure at Vantage Data Centers’ Newport, Wales campus, expanding access to domestic UK AI compute. A reported “Power Inflow” order-flow signal also attracted momentum traders. Vantage and Nebius Expand UK AI Infrastructure
• Neutral Sentiment: Execution remains central: A capacity auction cleared above prior pricing records, and customer prepayments may fund a substantial portion of planned capital expenditures. These developments improve funding flexibility but increase expectations for timely capacity delivery and sustained premium pricing. Nebius Q3 Auction Broke Its Price Ceiling
• Negative Sentiment: Valuation and balance-sheet risks: Critics argue that Nebius is priced for very strong execution, while debt, asset depreciation and capital intensity could pressure long-term returns. Michael Burry’s reported short position and DA Davidson’s $175 neutral target add a bearish counterpoint. The Neoclouds Are a Trade, Not an Investment

Analysts Set New Price Targets

Several equities analysts have weighed in on NBIS shares. Robert W. Baird raised their target price on Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America upped their price target on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Weiss Ratings lowered Nebius Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Piper Sandler began coverage on Nebius Group in a research note on Monday, August 3rd. They issued a “neutral” rating and a $224.00 price objective on the stock. Finally, Wall Street Zen downgraded Nebius Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $226.00.

Insider Buying and Selling

In other news, Director John Wilson Iv Boynton sold 5,812 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $253.29, for a total value of $1,472,121.48. Following the sale, the director directly owned 378,665 shares of the company’s stock, valued at approximately $95,912,057.85. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 33,871 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $7,974,926.95. Following the completion of the transaction, the insider owned 551,338 shares in the company, valued at $129,812,532.10. The trade was a 5.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 136,310 shares of company stock valued at $32,569,613 in the last quarter.

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.