Insider Selling: Nebius Group (NASDAQ:NBIS) Director Sells 333 Shares of Stock

Nebius Group N.V. (NASDAQ:NBIS) Director Wilson Boynton sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $173.07, for a total value of $57,632.31. Following the completion of the sale, the director directly owned 403,189 shares in the company, valued at approximately $69,779,920.23. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wilson Iv Boynton also recently made the following trade(s):

• On Thursday, October 15th, Wilson Boynton sold 7,260 shares of Nebius Group stock. The shares were sold at an average price of $177.63, for a total value of $1,289,593.80.
• On Tuesday, September 29th, Wilson Boynton sold 50 shares of Nebius Group stock. The stock was sold at an average price of $235.01, for a total transaction of $11,750.50.
• On Friday, August 14th, Wilson Boynton sold 5,296 shares of Nebius Group stock. The shares were sold at an average price of $270.99, for a total transaction of $1,435,163.04.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $154.14 on Monday. Nebius Group N.V. has a 1 year low of $73.52 and a 1 year high of $299.86. The firm’s fifty day simple moving average is $209.70 and its 200 day simple moving average is $176.87. The firm has a market capitalization of $39.00 billion, a PE ratio of -5,136.29 and a beta of 4.63. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business had revenue of $582.30 million during the quarter, compared to analysts’ expectations of $567.91 million. During the same quarter last year, the company earned $2.38 earnings per share. The firm’s revenue was up 454% on a year-over-year basis. On average, sell-side analysts anticipate that Nebius Group N.V. will post -3.19 EPS for the current year.

Institutional Trading of Nebius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new stake in shares of Nebius Group in the 2nd quarter valued at about $25,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Nebius Group in the second quarter valued at about $28,000. GoalVest Advisory LLC acquired a new stake in Nebius Group during the second quarter worth about $28,000. Wealth Enhancement Trust Services Inc. boosted its holdings in shares of Nebius Group by 227.1% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 109 shares in the last quarter. Finally, Eastern Bank lifted its stake in Nebius Group by 66.3% in the 3rd quarter. Eastern Bank now owns 158 shares of the company’s stock valued at $37,000 after purchasing an additional 63 shares during the last quarter. 21.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Truist Financial upgraded Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Freedom Capital upgraded shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Rothschild & Co Redburn assumed coverage on Nebius Group in a research report on Monday, September 21st. They issued a “sell” rating and a $84.00 price objective for the company. Rosenblatt Securities began coverage on Nebius Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $304.00 price target on the stock. Finally, Zacks Research upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Nebius Group currently has an average rating of “Moderate Buy” and an average target price of $243.25.

About Nebius Group

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.