Triumph Capital Management Increases Holdings in Nebius Group N.V. $NBIS

Key Points

• Triumph Capital Management increased its Nebius Group stake by 10,203.8% in the second quarter, acquiring 5,408 additional shares and ending with a position worth approximately $1.5 million. Institutional investors collectively own 21.9% of NBIS.
• Nebius reported stronger-than-expected quarterly results, with revenue of $582.3 million—up 454% year over year—and an adjusted EPS loss of $0.12 versus the consensus estimate of a $0.67 loss.
• NBIS was trading at $206.32, down 1.4%, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $226. However, insiders sold about $42.9 million of stock over the past three months.

Triumph Capital Management grew its stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 10,203.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,461 shares of the company's stock after acquiring an additional 5,408 shares during the quarter. Triumph Capital Management's holdings in Nebius Group were worth $1,508,000 at the end of the most recent quarter.

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

Nebius Group Stock Down 1.4%

NASDAQ:NBIS opened at $206.32 on Tuesday. Nebius Group N.V. has a 1-year low of $63.26 and a 1-year high of $299.86. The company has a 50-day moving average of $216.41 and a 200 day moving average of $179.08. The firm has a market cap of $52.20 billion, a PE ratio of -6,875.04 and a beta of 4.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.55. The company had revenue of $582.30 million for the quarter, compared to analysts' expectations of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm's quarterly revenue was up 454% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 EPS. As a group, research analysts anticipate that Nebius Group N.V. will post -3.76 EPS for the current fiscal year.

Analyst Ratings Changes

NBIS has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Nebius Group from $250.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Citizens Jmp increased their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the company a "market outperform" rating in a research report on Thursday, May 14th. Bank of America raised their price objective on Nebius Group from $240.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, June 8th. Wall Street Zen raised shares of Nebius Group from a "strong sell" rating to a "sell" rating in a research note on Sunday, August 16th. Finally, Zacks Research cut Nebius Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Nebius Group currently has an average rating of "Moderate Buy" and a consensus price target of $226.00.

Insider Transactions at Nebius Group

In other news, CTO Danila Shtan sold 16,937 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrey Korolenko sold 33,871 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the transaction, the insider owned 551,338 shares in the company, valued at approximately $129,812,532.10. This represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 174,221 shares of company stock worth $42,871,270.

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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