Steadview Capital Management LLC Acquires Shares of 50,710 Nebius Group N.V. $NBIS

Key Points

• Steadview Capital Management opened a $14 million position in Nebius Group, acquiring 50,710 shares during the second quarter. The stock now represents 4.2% of the fund’s portfolio, while institutional investors and hedge funds collectively own 21.9% of NBIS.
• Nebius reported strong quarterly momentum, with revenue rising 454% year over year to $582.3 million and adjusted earnings significantly outperforming estimates. Growth was driven by its AI Cloud business and expanding infrastructure contracts.
• Despite analyst optimism and a “Moderate Buy” consensus, NBIS faces substantial execution and valuation risks: the stock trades near its 52-week high, insiders sold shares, and some analysts maintain neutral ratings with targets below the current market price.

Steadview Capital Management LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 50,710 shares of the company's stock, valued at approximately $14,005,000. Nebius Group comprises 4.2% of Steadview Capital Management LLC's investment portfolio, making the stock its 9th biggest holding.

Other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc raised its position in shares of Nebius Group by 12.9% in the 2nd quarter. TD Asset Management Inc now owns 108,815 shares of the company's stock valued at $30,051,000 after purchasing an additional 12,404 shares in the last quarter. Choreo LLC grew its position in shares of Nebius Group by 3.8% during the second quarter. Choreo LLC now owns 5,382 shares of the company's stock worth $1,486,000 after buying an additional 195 shares in the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Nebius Group in the second quarter worth $504,000. Dockside LLC bought a new stake in shares of Nebius Group in the second quarter worth $493,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Nebius Group by 98.8% in the second quarter. Oppenheimer & Co. Inc. now owns 38,516 shares of the company's stock worth $10,637,000 after buying an additional 19,143 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $277.58 on Friday. The company has a current ratio of 4.03, a quick ratio of 8.33 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $70.23 billion, a price-to-earnings ratio of -9,249.58 and a beta of 4.23. Nebius Group N.V. has a twelve month low of $62.01 and a twelve month high of $299.86. The business has a 50 day simple moving average of $222.53 and a 200-day simple moving average of $168.13.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.55. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.The business had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same period in the prior year, the company posted $2.38 EPS. The business's revenue was up 454% compared to the same quarter last year. As a group, equities research analysts expect that Nebius Group N.V. will post -3.91 earnings per share for the current year.

Nebius Group News Roundup

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

• Positive Sentiment: Exceptional quarterly growth: Nebius reported revenue of $582.3 million, up 454% year over year, while adjusted EBITDA reached $236 million and annualized revenue run rate approached $3 billion. Its AI Cloud segment grew 514%, exceeding many investor expectations. Nebius Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: Large contracts and expanding capacity: Four AI infrastructure contracts reportedly exceed $1 billion in total value, helping push the contracted power target to 5 gigawatts and supporting a backlog of more than $40 billion. Investors see this as improving multiyear revenue visibility. Nebius Is Up After Multi-Billion AI Cloud Wins
• Positive Sentiment: Analyst optimism: Citigroup raised its target to $324 and maintained a buy rating, while Bank of America lifted its target to $310 and Robert W. Baird raised its target to $340 with an outperform rating. Northland Securities also reiterated its buy rating. Northland Securities Reiterates Buy Rating
• Positive Sentiment: UK expansion and trading momentum: Nebius is deploying NVIDIA-powered infrastructure at Vantage Data Centers’ Newport, Wales campus, expanding access to domestic UK AI compute. A reported “Power Inflow” order-flow signal also attracted momentum traders. Vantage and Nebius Expand UK AI Infrastructure
• Neutral Sentiment: Execution remains central: A capacity auction cleared above prior pricing records, and customer prepayments may fund a substantial portion of planned capital expenditures. These developments improve funding flexibility but increase expectations for timely capacity delivery and sustained premium pricing. Nebius Q3 Auction Broke Its Price Ceiling
• Negative Sentiment: Valuation and balance-sheet risks: Critics argue that Nebius is priced for very strong execution, while debt, asset depreciation and capital intensity could pressure long-term returns. Michael Burry’s reported short position and DA Davidson’s $175 neutral target add a bearish counterpoint. The Neoclouds Are a Trade, Not an Investment

Insider Activity

In other news, CTO Danila Shtan sold 16,937 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 $3,987,816.65. Following the transaction, the chief technology officer directly owned 274,763 shares in the company, valued at approximately $64,692,948.35. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arkadiy Volozh sold 46,627 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer directly owned 821,662 shares of the company's stock, valued at $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 136,310 shares of company stock valued at $32,569,613 over the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on NBIS shares. DA Davidson reiterated a "neutral" rating and set a $175.00 price objective on shares of Nebius Group in a research note on Thursday. Weiss Ratings downgraded shares of Nebius Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Robert W. Baird upped their target price on shares of Nebius Group from $250.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday. Zacks Research cut shares of Nebius Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Finally, BNP Paribas Exane started coverage on shares of Nebius Group in a research report on Tuesday, June 2nd. They set a "neutral" rating and a $255.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Nebius Group currently has an average rating of "Moderate Buy" and a consensus target price of $226.00.

About Nebius Group

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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