Nebius Group N.V. $NBIS Shares Sold by Cygnus Capital Advisors LLC

Cygnus Capital Advisors LLC trimmed its position in Nebius Group N.V. (NASDAQ:NBISFree Report) by 36.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,800 shares of the company’s stock after selling 9,200 shares during the period. Nebius Group comprises about 2.9% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 14th largest position. Cygnus Capital Advisors LLC’s holdings in Nebius Group were worth $4,363,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NBIS. Allied Private Wealth LLC purchased a new position in shares of Nebius Group during the second quarter valued at approximately $25,000. Parkside Financial Bank & Trust purchased a new stake in Nebius Group in the 4th quarter worth approximately $25,000. Root Financial Partners LLC purchased a new stake in Nebius Group in the 4th quarter worth approximately $26,000. SHP Wealth Management acquired a new position in Nebius Group in the 4th quarter valued at $26,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the period. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Price Performance

NBIS opened at $226.39 on Tuesday. Nebius Group N.V. has a 1 year low of $63.26 and a 1 year high of $299.86. The firm has a 50 day moving average price of $211.89 and a 200 day moving average price of $183.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. The company has a market cap of $57.28 billion, a PE ratio of -7,543.82 and a beta of 4.23.

Nebius Group (NASDAQ:NBISGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. During the same period in the previous year, the company posted $2.38 earnings per share. Nebius Group’s revenue was up 454% compared to the same quarter last year. Sell-side analysts expect that Nebius Group N.V. will post -3.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Charles E. Ryan sold 50,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $265.53, for a total value of $13,276,500.00. Following the completion of the sale, the director directly owned 272,533 shares in the company, valued at approximately $72,365,687.49. This represents a 15.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 33,871 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 $7,974,926.95. Following the completion of the transaction, the insider directly owned 551,338 shares in the company, valued at $129,812,532.10. This trade represents a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 159,013 shares of company stock worth $39,216,975.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NBIS. Bank of America lifted their price objective on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Citizens Jmp increased their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Weiss Ratings lowered Nebius Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, August 16th. Finally, BNP Paribas Exane initiated coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Nebius Group currently has a consensus rating of “Moderate Buy” and an average target price of $226.00.

Read Our Latest Report on Nebius Group

About Nebius Group

(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.

Further Reading

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Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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