Insider Selling: Nebius Group (NASDAQ:NBIS) Director Sells 7,260 Shares of Company Stock

Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) Director John Wilson Iv Boynton sold 7,260 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $177.63, for a total transaction of $1,289,593.80. Following the sale, the director owned 403,522 shares in the company, valued at approximately $71,677,612.86. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Tuesday, September 29th, John Wilson Iv 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, John Wilson Iv Boynton sold 5,296 shares of Nebius Group stock. The shares were sold at an average price of $270.99, for a total value of $1,435,163.04.

Nebius Group Price Performance

NASDAQ:NBIS opened at $165.47 on Monday. The firm has a market capitalization of $41.87 billion, a PE ratio of -5,513.83 and a beta of 4.18. The stock has a 50 day moving average of $223.57 and a 200-day moving average of $207.47. Nebius Group N.V. has a 52 week low of $73.52 and a 52 week high of $299.86. 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 – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The business had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%. The business’s quarterly revenue was up 454% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 EPS. Analysts predict that Nebius Group N.V. will post -3.00 EPS for the current year.

Analyst Ratings Changes

NBIS has been the topic of several analyst reports. Piper Sandler started coverage on Nebius Group in a research report on Monday, August 3rd. They issued a “neutral” rating and a $224.00 target price on the stock. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. Freedom Capital upgraded shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Truist Financial raised shares of Nebius Group to a “strong-buy” rating in a report on Thursday, September 10th. Finally, Zacks Research downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.69.

Read Our Latest Stock Analysis on Nebius Group

Institutional Trading of Nebius Group

Several hedge funds have recently added to or reduced their stakes in NBIS. Onyx Bridge Wealth Group LLC acquired a new position in shares of Nebius Group during the third quarter valued at $700,000. SteelPeak Wealth LLC raised its stake in shares of Nebius Group by 13.8% during the third quarter. SteelPeak Wealth LLC now owns 6,696 shares of the company’s stock valued at $1,579,000 after purchasing an additional 810 shares in the last quarter. Encompass More Asset Management bought a new stake in shares of Nebius Group during the third quarter valued at about $301,000. Absolute Capital Management LLC acquired a new stake in Nebius Group in the third quarter worth about $264,000. Finally, Hengehold Capital Management LLC lifted its holdings in Nebius Group by 59.5% in the third quarter. Hengehold Capital Management LLC now owns 2,073 shares of the company’s stock worth $489,000 after purchasing an additional 773 shares during the period. Institutional investors own 21.90% of the company’s stock.

About Nebius Group

(Get Free Report)

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.

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

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