Insider Buying: Nebius Group (NASDAQ:NBIS) Director Purchases 148 Shares of Stock

Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) Director Arne Grimme acquired 148 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were purchased at an average cost of $169.99 per share, for a total transaction of $25,158.52. Following the purchase, the director directly owned 6,033 shares in the company, valued at approximately $1,025,549.67. This trade represents a 2.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS traded down $22.94 during trading on Friday, hitting $165.47. 34,731,574 shares of the stock traded hands, compared to its average volume of 17,930,492. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $224.02 and a two-hundred day moving average price of $206.95. Nebius Group N.V. has a 52-week low of $73.52 and a 52-week high of $299.86. The company has a market cap of $41.87 billion, a price-to-earnings ratio of -5,513.83 and a beta of 4.18.

Nebius Group (NASDAQ:NBIS – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to the consensus estimate of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm’s quarterly revenue was up 454% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.38 earnings per share. As a group, equities analysts predict that Nebius Group N.V. will post -3.48 EPS for the current year.

Institutional Trading of Nebius Group

Several institutional investors have recently modified their holdings of NBIS. BlackRock Inc. raised its position in shares of Nebius Group by 16.0% during the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock worth $3,184,591,000 after purchasing an additional 1,593,684 shares during the last quarter. Situational Awareness LP acquired a new stake in Nebius Group in the 2nd quarter worth about $1,232,895,000. State Street Corp boosted its holdings in Nebius Group by 16.2% in the 2nd quarter. State Street Corp now owns 4,069,875 shares of the company’s stock worth $1,123,977,000 after buying an additional 568,415 shares during the last quarter. Jennison Associates LLC boosted its holdings in Nebius Group by 134.3% in the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after buying an additional 2,283,676 shares during the last quarter. Finally, Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the 2nd quarter worth approximately $1,012,097,322. Institutional investors and hedge funds own 21.90% of the company’s stock.

More Nebius Group News

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

Analyst Ratings Changes

NBIS has been the subject of a number of analyst reports. Rothschild & Co Redburn initiated coverage on Nebius Group in a report on Monday, September 21st. They issued a “sell” rating and a $84.00 price target for the company. Northland Securities raised their price objective on Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, July 20th. BNP Paribas Exane raised Nebius Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $260.00 to $399.00 in a report on Thursday, September 24th. Truist Financial upgraded Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, President Capital began coverage on Nebius Group in a research note on Tuesday, June 30th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and an average target price of $245.69.

Read Our Latest Stock Report on NBIS

About Nebius Group

(Get Free Report)

Nebius Group N.V. is a technology company focused on artificial intelligence infrastructure and related services. Through its Nebius AI business, the company provides cloud-based computing infrastructure designed for developing, training and deploying machine-learning and generative AI applications, including access to accelerated computing, data storage, networking and managed cloud services.

The company also develops tools and services intended to support AI developers and businesses, including data and machine-learning infrastructure.

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