Insider Selling: Nebius Group (NASDAQ:NBIS) Director Sells $1,472,121.48 in Stock

Nebius Group N.V. (NASDAQ:NBISGet Free Report) Director John Wilson Iv Boynton sold 5,812 shares of Nebius Group stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the sale, the director owned 378,665 shares of the company’s stock, valued at approximately $95,912,057.85. This represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nebius Group Stock Up 6.0%

Shares of NASDAQ NBIS opened at $280.91 on Thursday. The stock has a market cap of $71.08 billion, a P/E ratio of 90.62 and a beta of 4.03. The firm has a 50 day moving average price of $193.98 and a 200 day moving average price of $131.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a 52-week low of $43.89 and a 52-week high of $297.93.

Nebius Group (NASDAQ:NBISGet Free Report) 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 net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. The company’s revenue for the quarter was up 684.0% compared to the same quarter last year. Analysts expect that Nebius Group N.V. will post -1.91 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NBIS. Parkside Financial Bank & Trust purchased a new position in shares of Nebius Group in the 4th quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in Nebius Group during the fourth quarter valued at about $26,000. SHP Wealth Management purchased a new stake in Nebius Group during the fourth quarter valued at about $26,000. Sound Income Strategies LLC increased its position in shares of Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 141 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BWS Financial raised their price target on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Citizens Jmp lifted their target price on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Morgan Stanley boosted their price target 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. Finally, Wolfe Research started coverage on shares of Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating for the company. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Nebius Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

Check Out Our Latest Research Report on NBIS

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Nebius Group Company Profile

(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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