Insider Selling: Nebius Group (NASDAQ:NBIS) CEO Sells 46,627 Shares

Nebius Group N.V. (NASDAQ:NBIS) CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the sale, the chief executive officer owned 821,662 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Nebius Group Price Performance

NASDAQ:NBIS traded up $2.85 during trading hours on Monday, hitting $218.47. 9,672,373 shares of the company’s stock traded hands, compared to its average volume of 16,376,606. The firm has a market cap of $55.28 billion, a P/E ratio of 70.41 and a beta of 4.10. Nebius Group N.V. has a 52 week low of $43.89 and a 52 week high of $299.86. The business’s fifty day simple moving average is $219.69 and its two-hundred day simple moving average is $145.28. 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 released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The business’s revenue was up 684.0% on a year-over-year basis. On average, research analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new stake in shares of Nebius Group during the 2nd quarter valued at about $934,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Nebius Group by 95.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 229 shares of the company’s stock worth $63,000 after purchasing an additional 112 shares during the period. Sarver Vrooman Wealth Advisors purchased a new position in shares of Nebius Group in the second quarter worth approximately $28,000. Confluence Investment Management LLC grew its position in Nebius Group by 2.0% during the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock valued at $684,000 after buying an additional 48 shares during the period. Finally, VectorGlobal IAG Inc. bought a new stake in Nebius Group during the first quarter valued at approximately $461,000. Institutional investors own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NBIS. Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. DA Davidson cut shares of Nebius Group from a “buy” rating to a “neutral” rating and upped their target price for the company from $200.00 to $250.00 in a research note on Monday, May 18th. Citizens Jmp raised their price target on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a report on Thursday, May 14th. 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. Finally, Bank of America boosted their price objective 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. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

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.