Oppenheimer & Co. Inc. Raises Stake in Nebius Group N.V. $NBIS

Key Points

• Oppenheimer & Co. Inc. boosted its stake in Nebius by 90.9% in Q4 to 19,413 shares (worth about $1.625M), and other institutions including Millennium and UBS have opened sizable positions, leaving roughly 21.9% of the stock held by institutions.
• Nebius agreed to acquire Eigen AI for ~$643 million to add model‑optimization and inference capabilities to its Token Factory platform, a deal analysts say could lift margins and helped push the stock to recent all‑time highs.
• Key risks include weak operating cash flow (≈$402M in FY25, which included ~$983M of customer advances), management projecting contract cash to cover only ~60% of 2026 CapEx—raising dilution/refinancing concerns—alongside insider selling, negative EPS and a high beta (~4.03) that amplify execution risk.

Oppenheimer & Co. Inc. boosted its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,413 shares of the company's stock after acquiring an additional 9,246 shares during the period. Oppenheimer & Co. Inc.'s holdings in Nebius Group were worth $1,625,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NBIS. Royal Bank of Canada purchased a new position in Nebius Group during the 1st quarter valued at about $1,628,000. Millennium Management LLC purchased a new position in Nebius Group in the first quarter worth about $11,563,000. NewEdge Advisors LLC purchased a new position in Nebius Group in the first quarter worth about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Nebius Group in the first quarter worth about $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new position in Nebius Group in the second quarter worth about $68,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group News Summary

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

• Positive Sentiment: Nebius agreed to buy Eigen AI for roughly $643 million to add model-optimization and inference tech to its Token Factory platform, which could lift margins and help the company capture a larger share of production AI workloads. Nebius Breaks Out to All-Time Highs—Here's What's Driving It.
• Positive Sentiment: Large contracted backlog (reported near $50B, led by multi‑year deals with Meta and Microsoft) and recent financing (convertible debt) give revenue visibility and the capital to scale capacity into 2026 guidance of $3.0–$3.4B. NBIS News
• Positive Sentiment: Analyst and media coverage has turned bullish after the acquisition and strong AI tailwinds, helping push the stock to recent all‑time highs and attract new institutional interest. Nebius Group (NBIS) Soars 14% on $643-Million AI Startup Takeover
• Neutral Sentiment: Director Elena Bunina sold ~5,882 shares under a pre‑arranged Rule 10b5‑1 plan; the trade reduces her position but follows a disclosed plan, so it may not signal new negative information. Insider Sale Filing
• Neutral Sentiment: Q1 earnings are due May 13 — the report and management commentary on ARR, hyperscaler deployments and Eigen integration timing are near‑term catalysts that could swing the stock either way. Q1 Earnings Preview
• Negative Sentiment: Operating cash flow is a key concern: FY25 OCF was only ~$402M (which included nearly $983M of customer advances). Management expects contract cash flows to cover ~60% of 2026 CapEx, implying very large incremental funding needs if capex runs to guidance midpoints — a potential source of dilution or refinancing risk. CapEx Funding Debate
• Negative Sentiment: The stock’s rapid run and high implied expectations create execution risk: missing ARR/cash‑flow targets or delays integrating Eigen could trigger sharp pullbacks given elevated valuation and the company’s high beta. Assessing Valuation After Momentum

Nebius Group Stock Performance

Shares of NBIS stock opened at $175.92 on Wednesday. The company has a 50 day moving average price of $122.29 and a 200-day moving average price of $106.24. Nebius Group N.V. has a 52 week low of $23.25 and a 52 week high of $179.96. The firm has a market capitalization of $44.30 billion, a PE ratio of -120.49 and a beta of 4.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.71% and a net margin of 19.02%.The company had revenue of $227.70 million during the quarter, compared to the consensus estimate of $246.05 million. As a group, equities research analysts expect that Nebius Group N.V. will post -2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BWS Financial lifted their target price on shares of Nebius Group from $130.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, March 16th. Freedom Capital cut shares of Nebius Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. DA Davidson lifted their target price on shares of Nebius Group from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, March 16th. Cantor Fitzgerald assumed coverage on shares of Nebius Group in a report on Thursday, April 9th. They issued an "overweight" rating and a $129.00 target price for the company. Finally, Weiss Ratings upgraded shares of Nebius Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Nebius Group currently has a consensus rating of "Moderate Buy" and an average target price of $154.75.

Insider Activity at Nebius Group

In related news, CTO Danila Shtan sold 13,489 shares of the business's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total transaction of $1,332,443.42. Following the completion of the sale, the chief technology officer directly owned 307,378 shares in the company, valued at approximately $30,362,798.84. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrey Korolenko sold 31,357 shares of the business's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $111.20, for a total transaction of $3,486,898.40. Following the sale, the insider owned 585,209 shares of the company's stock, valued at $65,075,240.80. This trade represents a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 135,622 shares of company stock valued at $15,672,341 in the last three months.

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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