Nebius Group N.V. $NBIS Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Nebius Group stake by 86.1% in the second quarter, acquiring 9,675 shares for a total holding of 20,913 shares valued at approximately $5.4 million. Institutional investors collectively own 21.9% of NBIS.
• Nebius reported stronger-than-expected results, with quarterly revenue of $399 million, up 684% year over year, and an adjusted loss substantially narrower than analyst expectations. Recent updates also highlighted rapidly expanding AI-cloud demand and improving operating metrics.
• NBIS has attracted largely positive analyst ratings but carries substantial volatility and valuation risks: the stock trades at a high price-to-earnings ratio, consensus price targets are below its recent price, and insiders—including the CEO and CTO—have recently sold shares.

Assenagon Asset Management S.A. raised its stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 86.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,913 shares of the company's stock after acquiring an additional 9,675 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Nebius Group were worth $5,374,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NBIS. State Street Corp boosted its holdings in Nebius Group by 2,391.3% during the fourth quarter. State Street Corp now owns 3,219,326 shares of the company's stock worth $269,474,000 after buying an additional 3,090,103 shares in the last quarter. Capital Research Global Investors purchased a new position in Nebius Group in the fourth quarter valued at $231,635,000. Accel Leaders 3 Associates L.P. acquired a new position in shares of Nebius Group in the fourth quarter worth about $188,496,000. Qube Research & Technologies Ltd acquired a new position in shares of Nebius Group in the third quarter worth about $238,511,000. Finally, Orbis Allan Gray Ltd boosted its stake in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after acquiring an additional 1,949,708 shares in the last quarter. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

NASDAQ NBIS opened at $259.20 on Thursday. The company has a market cap of $65.58 billion, a PE ratio of 83.61 and a beta of 4.23. The stock's 50 day simple moving average is $221.63 and its 200-day simple moving average is $166.23. Nebius Group N.V. has a 1-year low of $62.01 and a 1-year high of $299.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm had revenue of $399.00 million during the quarter, compared to analysts' expectations of $375.13 million. The firm's revenue was up 684.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Nebius Group N.V. will post -3.91 EPS for the current fiscal year.

Nebius Group News Roundup

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

• Positive Sentiment: Revenue and earnings exceeded expectations. Second-quarter revenue reached approximately $582.3 million, ahead of analyst estimates near $570 million, while the adjusted loss of $0.12 per share was considerably narrower than the expected $0.67 loss. Nebius beats quarterly revenue estimates as AI demand fuels growth
• Positive Sentiment: AI cloud growth remained exceptional. Core AI revenue rose more than fivefold year over year, accounting for roughly 98% of total sales. Management said demand for AI computing capacity continues to grow exponentially, supporting higher pricing and larger customer contracts. NBIS Stock Surges After Nebius Q2 Revenue Soars
• Positive Sentiment: Operating indicators strengthened. Annualized recurring revenue reportedly reached about $3 billion, contracted value quadrupled, contracted power guidance rose to 5 gigawatts, and AI operations generated an adjusted EBITDA margin near 50%. Nebius also selected Bloom Energy as a behind-the-meter power partner for a flagship data center, highlighting progress in solving power constraints. Nebius’ Q2 Just Made The Bull Case Stronger
• Positive Sentiment: The broader AI data-center trade regained momentum, with Nebius, CoreWeave and other infrastructure names leading a sector rebound after earlier forced selling. Jim Cramer says the AI data center trade is back
• Neutral Sentiment: Analysts and technical commentators identified bullish momentum and breakout potential, but several price targets cluster near recent trading levels, suggesting much of the growth outlook may already be reflected in the stock.
• Negative Sentiment: Full-year guidance was a potential restraint. Nebius forecast 2026 revenue of $3.0 billion to $3.4 billion, with the upper end roughly matching or slightly trailing consensus expectations. Investors also continue to monitor data-center construction timing, heavy capital spending and execution risk.
• Negative Sentiment: Michael Burry’s reported short position, substantial insider selling, and concerns about valuation and infrastructure spending remain sources of volatility despite the earnings beat. Michael Burry Is Short Nebius and Palantir

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NBIS shares. Morgan Stanley raised their target price on Nebius Group from $126.00 to $144.00 and gave the company an "equal weight" rating in a research report on Thursday, May 14th. Citigroup dropped their price objective on Nebius Group from $287.00 to $278.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. DA Davidson cut their price objective on Nebius Group from $250.00 to $175.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Bank of America upped their target price on Nebius Group from $240.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, June 8th. Finally, Northland Securities lifted their price target on shares of Nebius Group from $248.00 to $410.00 and gave the company an "outperform" rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $216.29.

Insider Activity at Nebius Group

In other news, CEO Arkadiy Volozh sold 46,627 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 $10,978,327.15. Following the transaction, the chief executive officer directly owned 821,662 shares of the company's stock, valued at approximately $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Danila Shtan sold 16,937 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the transaction, the chief technology officer owned 274,763 shares in the company, valued at $64,692,948.35. The trade was a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 140,810 shares of company stock worth $33,548,588 over the last 90 days.

Nebius Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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