Cibc World Market Inc. Buys 55,030 Shares of Nebius Group N.V. $NBIS

Key Points

• Cibc World Market Inc. increased its stake in Nebius Group by 102.3% in the fourth quarter, buying 55,030 additional shares and bringing its total holding to 108,810 shares worth about $9.1 million.
• Despite the institutional buying, insider selling has been notable, including recent sales by the company’s CRO and CEO, with insiders selling 694,898 shares worth $130.7 million over the last three months.
• Nebius reported a strong quarterly update, with revenue up 684% year over year to $399 million and EPS of -$0.23, beating estimates; analysts remain broadly positive with a consensus rating of Moderate Buy and a $197 price target.

Cibc World Market Inc. raised its stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 102.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,810 shares of the company's stock after purchasing an additional 55,030 shares during the quarter. Cibc World Market Inc.'s holdings in Nebius Group were worth $9,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NBIS. Fred Alger Management LLC grew its stake in Nebius Group by 33.4% in the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company's stock valued at $1,137,551,000 after purchasing an additional 2,536,832 shares in the last quarter. Accel Leaders 3 Associates L.P. bought a new position in Nebius Group in the fourth quarter valued at approximately $188,496,000. Qube Research & Technologies Ltd bought a new position in Nebius Group in the third quarter valued at approximately $238,511,000. Orbis Allan Gray Ltd grew its stake in Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock valued at $976,681,000 after purchasing an additional 1,949,708 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Nebius Group by 1,095.7% in the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company's stock valued at $169,840,000 after purchasing an additional 1,875,612 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Key Nebius Group News

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

• Negative Sentiment: Nebius stock is being pressured by a hotter-than-expected U.S. jobs report, which reinforced concerns that interest rates may stay higher for longer and weighed on high-growth tech names. Article: Why Is Nebius Stock Falling On Friday?
• Negative Sentiment: Investor sentiment was also hurt by additional insider selling, including CTO Danila Shtan’s sale of 15,678 shares in a pre-arranged Rule 10b5-1 plan, following earlier CFO selling this week. Article: Danila Shtan insider transaction
• Neutral Sentiment: Recent commentary continues to highlight Nebius’ rapid AI cloud expansion, including acquisitions such as Tavily, Eigen AI and Clarifai, which could support longer-term growth but do not appear to be driving today’s move. Article: How Are Acquisitions Strengthening Nebius' AI Cloud Platform?
• Neutral Sentiment: Analysts remain constructive overall on Nebius’ AI demand and revenue growth, with recent pieces emphasizing strong contract momentum and a still-bullish long-term outlook. Article: Why Nebius Needs An Offering For Every Customer Type

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NBIS shares. Citizens Jmp raised their price target on Nebius Group from $175.00 to $270.00 and gave the company a "market outperform" rating in a research note on Thursday, May 14th. Bank of America raised their price target on Nebius Group from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Monday, May 11th. BWS Financial raised their price target on Nebius Group from $130.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Morgan Stanley raised their price target on Nebius Group from $126.00 to $144.00 and gave the company an "equal weight" rating in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald initiated coverage on Nebius Group in a research note on Thursday, April 9th. They issued an "overweight" rating and a $129.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Nebius Group currently has an average rating of "Moderate Buy" and a consensus price target of $197.00.

Insider Activity at Nebius Group

In other news, CRO Marc Boroditsky sold 10,776 shares of Nebius Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the completion of the transaction, the executive directly owned 26,886 shares in the company, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Arkadiy Volozh sold 33,358 shares of Nebius Group stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total value of $3,460,225.34. Following the transaction, the chief executive officer owned 868,289 shares of the company's stock, valued at $90,067,617.97. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 694,898 shares of company stock worth $130,681,379 in the last three months.

Nebius Group Stock Performance

Shares of NASDAQ NBIS opened at $227.81 on Friday. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group N.V. has a 12 month low of $43.89 and a 12 month high of $278.84. The stock has a 50 day moving average of $172.47 and a 200-day moving average of $122.98. The company has a market capitalization of $57.64 billion, a P/E ratio of 73.49 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group's quarterly revenue was up 684.0% compared to the same quarter last year. As a group, equities research analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Nebius Group Company Profile

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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