Seven Grand Managers LLC Trims Position in Nebius Group N.V. $NBIS

Key Points

• Seven Grand Managers LLC cut its Nebius Group stake by 50% in the fourth quarter, selling 100,000 shares and leaving it with 100,000 shares worth about $8.37 million.
• Nebius Group reported strong quarterly results, with revenue of $399 million up 684% year over year and EPS of ($0.23), beating analyst expectations by a wide margin.
• Insider selling has been notable: director Elena Bunina and CRO Marc Boroditsky both sold shares, and insiders have sold 666,935 shares worth about $123.5 million over the last 90 days.

Seven Grand Managers LLC cut its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,000 shares of the company's stock after selling 100,000 shares during the period. Seven Grand Managers LLC's holdings in Nebius Group were worth $8,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Harbor Advisors LLC increased its stake in shares of Nebius Group by 0.4% during the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company's stock valued at $3,099,000 after buying an additional 100 shares during the period. Keybank National Association OH increased its stake in shares of Nebius Group by 5.7% during the fourth quarter. Keybank National Association OH now owns 2,584 shares of the company's stock valued at $216,000 after buying an additional 140 shares during the period. Blue Trust Inc. increased its stake in shares of Nebius Group by 73.8% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $28,000 after buying an additional 141 shares during the period. WealthCare Investment Partners LLC increased its stake in shares of Nebius Group by 6.2% during the fourth quarter. WealthCare Investment Partners LLC now owns 2,589 shares of the company's stock valued at $233,000 after buying an additional 150 shares during the period. Finally, CWM LLC increased its stake in shares of Nebius Group by 6.1% during the fourth quarter. CWM LLC now owns 2,628 shares of the company's stock valued at $220,000 after buying an additional 152 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Trading Up 0.1%

Nebius Group stock opened at $208.37 on Thursday. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The business's fifty day simple moving average is $154.40 and its two-hundred day simple moving average is $115.88. Nebius Group N.V. has a 12 month low of $34.72 and a 12 month high of $233.73. The company has a market capitalization of $52.72 billion, a price-to-earnings ratio of 67.22 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released 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 business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. Nebius Group's revenue for the quarter was up 684.0% compared to the same quarter last year. As a group, equities analysts predict that Nebius Group N.V. will post -2.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nebius Group news, Director Elena Bunina sold 10,894 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total value of $2,253,641.78. Following the sale, the director directly owned 10,772 shares of the company's stock, valued at approximately $2,228,403.64. The trade was a 50.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 4,500 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $217.55, for a total value of $978,975.00. Following the completion of the sale, the executive directly owned 37,662 shares in the company, valued at $8,193,368.10. This trade represents a 10.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 666,935 shares of company stock valued at $123,541,848.

Analysts Set New Price Targets

NBIS has been the topic of several research analyst reports. Wall Street Zen raised Nebius Group from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Nebius Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 20th. Freedom Capital lowered Nebius Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Bank of America lifted their price target on Nebius Group from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Finally, Wolfe Research assumed coverage on Nebius Group in a research report on Thursday, April 16th. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $182.75.

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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