Insider Selling: Nebius Group (NASDAQ:NBIS) Director Sells $1,289,593.80 in Stock

Key Points

• Nebius Group director John Wilson Iv Boynton sold 7,260 shares for approximately $1.29 million at an average price of $177.63 under a pre-arranged Rule 10b5-1 plan. He retains 403,522 shares valued at roughly $71.7 million.
• Nebius reported quarterly revenue of $582.3 million, up 454% year over year, and an adjusted loss of $0.12 per share that beat analyst expectations. Analysts forecast a full-year loss of approximately $3.00 per share.
• Despite the insider sale and significant stock volatility, analysts maintain a consensus “Moderate Buy” rating, with an average price target of $245.69 versus the reported opening price of $165.47.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) Director John Wilson Iv Boynton sold 7,260 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $177.63, for a total value of $1,289,593.80. Following the sale, the director owned 403,522 shares of the company's stock, valued at approximately $71,677,612.86. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wilson Iv Boynton also recently made the following trade(s):

• On Tuesday, September 29th, John Wilson Iv Boynton sold 50 shares of Nebius Group stock. The shares were sold at an average price of $235.01, for a total value of $11,750.50.
• On Friday, August 14th, John Wilson Iv Boynton sold 5,296 shares of Nebius Group stock. The stock was sold at an average price of $270.99, for a total transaction of $1,435,163.04.

Nebius Group Stock Performance

Shares of NBIS stock opened at $165.47 on Monday. Nebius Group N.V. has a 1-year low of $73.52 and a 1-year high of $299.86. The firm has a market cap of $41.87 billion, a PE ratio of -5,513.83 and a beta of 4.18. The company has a 50-day moving average of $223.57 and a two-hundred day moving average of $207.47. 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 announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.55. The business had revenue of $582.30 million for the quarter, compared to analysts' expectations of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%. The company's revenue for the quarter was up 454% compared to the same quarter last year. During the same period last year, the firm earned $2.38 earnings per share. On average, analysts predict that Nebius Group N.V. will post -3.00 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NBIS shares. Rothschild & Co Redburn began coverage on shares of Nebius Group in a research report on Monday, September 21st. They issued a "sell" rating and a $84.00 price objective on the stock. Northland Securities lifted their target price on shares of Nebius Group from $248.00 to $410.00 and gave the stock an "outperform" rating in a research report on Monday, July 20th. President Capital assumed coverage on shares of Nebius Group in a research report on Tuesday, June 30th. They set a "buy" rating for the company. Wall Street Zen raised shares of Nebius Group from a "strong sell" rating to a "sell" rating in a report on Sunday, August 16th. Finally, Citigroup increased their price target on shares of Nebius Group from $278.00 to $324.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.69.

Hedge Funds Weigh In On Nebius Group

A number of large investors have recently bought and sold shares of the stock. Confluence Investment Management LLC lifted its stake in Nebius Group by 2.0% during the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company's stock worth $684,000 after purchasing an additional 48 shares during the last quarter. Eastern Bank increased its stake in Nebius Group by 66.3% during the third quarter. Eastern Bank now owns 158 shares of the company's stock valued at $37,000 after purchasing an additional 63 shares during the last quarter. Jasper Ridge Partners L.P. increased its stake in 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 purchasing an additional 74 shares during the last quarter. Ancora Advisors LLC increased its stake in Nebius Group by 18.8% during the second quarter. Ancora Advisors LLC now owns 475 shares of the company's stock valued at $131,000 after purchasing an additional 75 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its holdings in shares of Nebius Group by 76.0% during the second quarter. N.E.W. Advisory Services LLC now owns 176 shares of the company's stock worth $49,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 21.90% of the company's stock.

About Nebius Group

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.