Insider Selling: Nebius Group (NASDAQ:NBIS) Insider Sells $7,974,926.95 in Stock

Nebius Group N.V. (NASDAQ:NBISGet Free Report) insider Andrey Korolenko sold 33,871 shares of the stock in a transaction that occurred on 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 directly owned 551,338 shares of the company’s stock, valued at approximately $129,812,532.10. The trade was a 5.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Andrey Korolenko also recently made the following trade(s):

  • On Wednesday, May 13th, Andrey Korolenko sold 500,000 shares of Nebius Group stock. The stock was sold at an average price of $203.24, for a total value of $101,620,000.00.

Nebius Group Price Performance

Shares of NBIS stock opened at $216.48 on Thursday. The stock’s fifty day simple moving average is $223.20 and its 200 day simple moving average is $148.02. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The firm has a market cap of $54.77 billion, a price-to-earnings ratio of 69.83 and a beta of 4.10. Nebius Group N.V. has a one year low of $43.89 and a one year high of $299.86.

Nebius Group (NASDAQ:NBISGet Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.58. 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 during the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s quarterly revenue was up 684.0% compared to the same quarter last year. On average, analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Key Stories Impacting Nebius Group

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

Wall Street Analysts Forecast Growth

NBIS has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. BWS Financial upped their price objective 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. Wolfe Research started coverage on shares of Nebius Group in a report on Thursday, April 16th. They set a “peer perform” rating for the company. Finally, Citizens Jmp lifted their target price on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a research note on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Nebius Group has an average rating of “Moderate Buy” and a consensus price target of $203.25.

Check Out Our Latest Report on Nebius Group

Institutional Trading of Nebius Group

Several large investors have recently made changes to their positions in NBIS. Royal Bank of Canada acquired a new stake in shares of Nebius Group in the first quarter valued at $1,628,000. Millennium Management LLC acquired a new position in Nebius Group during the 1st quarter worth about $11,563,000. NewEdge Advisors LLC acquired a new position in Nebius Group during the 1st quarter worth about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Nebius Group during the 1st quarter worth about $9,084,000. Finally, Daiwa Securities Group Inc. bought a new stake in Nebius Group during the 2nd quarter worth about $68,000. Institutional investors own 21.90% of the company’s stock.

About Nebius Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Nebius Group (NASDAQ:NBIS)

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