Insider Selling: Nebius Group (NASDAQ:NBIS) CEO Sells $8,846,096.48 in Stock

Key Points

• CEO Arkadiy Volozh sold 37,778 Nebius shares at an average price of $234.16, generating approximately $8.85 million. He retained 785,236 shares valued at about $183.9 million, a 4.59% reduction in his position.
• Nebius shares traded at $234.96, with a market capitalization of approximately $59.45 billion and a 52-week range of $73.52 to $299.86. The stock’s valuation remains highly elevated, with a reported P/E ratio of -7,842.82.
• The company’s latest quarterly results exceeded expectations, including a loss of $0.12 per share versus the expected $0.67 loss and revenue of $582.3 million, up 454% year over year. Analysts maintain a consensus “Moderate Buy” rating, though price targets vary widely from $84 to $399.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) CEO Arkadiy Volozh sold 37,778 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $234.16, for a total transaction of $8,846,096.48. Following the completion of the transaction, the chief executive officer owned 785,236 shares in the company, valued at $183,870,861.76. This trade represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Nebius Group Stock Performance

NASDAQ NBIS traded down $7.86 during trading hours on Monday, hitting $234.96. 4,780,400 shares of the company's stock traded hands, compared to its average volume of 17,566,115. The business's fifty day moving average price is $219.62 and its two-hundred day moving average price is $200.43. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $59.45 billion, a P/E ratio of -7,842.82 and a beta of 4.18. Nebius Group N.V. has a 52 week low of $73.52 and a 52 week high of $299.86.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.67) by $0.55. The business had revenue of $582.30 million during 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 revenue was up 454% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 earnings per share. Equities research analysts predict that Nebius Group N.V. will post -3.48 EPS for the current year.

Hedge Funds Weigh In On Nebius Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Confluence Investment Management LLC lifted its position in Nebius Group by 2.0% during the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company's stock valued at $684,000 after purchasing an additional 48 shares during the last quarter. Jasper Ridge Partners L.P. grew its stake in shares of Nebius Group by 0.5% during the second quarter. Jasper Ridge Partners L.P. now owns 16,132 shares of the company's stock valued at $4,455,000 after buying an additional 74 shares during the last quarter. Ancora Advisors LLC increased its stake in Nebius Group by 18.8% in the second quarter. Ancora Advisors LLC now owns 475 shares of the company's stock worth $131,000 after purchasing an additional 75 shares during the period. N.E.W. Advisory Services LLC lifted its holdings in Nebius Group by 76.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 176 shares of the company's stock valued at $49,000 after buying an additional 76 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Nebius Group by 2.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company's stock valued at $309,000 after purchasing an additional 79 shares during the period. 21.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of recent research reports. Citigroup raised their target price on Nebius Group from $278.00 to $324.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Robert W. Baird upped their price target on Nebius Group from $250.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Rothschild & Co Redburn started coverage on Nebius Group in a research report on Monday, September 21st. They issued a "sell" rating and a $84.00 price target for the company. BNP Paribas Exane raised Nebius Group from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $260.00 to $399.00 in a research note on Thursday, September 24th. Finally, Piper Sandler initiated coverage on Nebius Group in a research report on Monday, August 3rd. They set a "neutral" rating and a $224.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $241.80.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on artificial intelligence infrastructure and related services. Through its Nebius AI business, the company provides cloud-based computing infrastructure designed for developing, training and deploying machine-learning and generative AI applications, including access to accelerated computing, data storage, networking and managed cloud services.

The company also develops tools and services intended to support AI developers and businesses, including data and machine-learning infrastructure.

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