Nebius Group (NASDAQ:NBIS) CRO Sells 7,000 Shares of Company Stock

Key Points

• Nebius Group CRO Marc Boroditsky sold 7,000 shares at an average price of $211.23, generating $1.48 million. The Rule 10b5-1 transaction reduced his direct ownership by 50% to 7,000 shares.
• NBIS shares fell 1.5% to $206.86, while the stock has traded between $73.52 and $299.86 over the past year. The company reported quarterly revenue of $582.3 million, up 454% year over year, and beat EPS expectations.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $245.69; institutional investors own 21.9% of the company.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) CRO Marc Boroditsky sold 7,000 shares of the business's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $211.23, for a total value of $1,478,610.00. Following the completion of the sale, the executive directly owned 7,000 shares in the company, valued at approximately $1,478,610. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marc Boroditsky also recently made the following trade(s):

• On Wednesday, July 15th, Marc Boroditsky sold 22,386 shares of Nebius Group stock. The stock was sold at an average price of $197.00, for a total value of $4,410,042.00.
• On Monday, September 14th, Marc Boroditsky sold 7,000 shares of Nebius Group stock. The stock was sold at an average price of $209.08, for a total value of $1,463,560.00.

Nebius Group Stock Down 1.5%

NBIS stock traded down $3.20 on Tuesday, reaching $206.86. 17,476,588 shares of the company traded hands, compared to its average volume of 17,609,914. Nebius Group N.V. has a one year low of $73.52 and a one year high of $299.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market cap of $52.34 billion, a P/E ratio of -6,893.04 and a beta of 4.18. The firm has a fifty day simple moving average of $225.09 and a 200-day simple moving average of $205.13.

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 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 negative return on equity of 6.03% and a net margin of 4.55%. The firm's quarterly revenue was up 454% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 earnings per share. Research analysts anticipate that Nebius Group N.V. will post -3.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on NBIS shares. DA Davidson reissued a "neutral" rating and issued a $175.00 target price on shares of Nebius Group in a report on Thursday, August 13th. BNP Paribas Exane raised Nebius Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $260.00 to $399.00 in a report on Thursday, September 24th. William Blair initiated coverage on Nebius Group in a report on Wednesday, September 30th. They set an "outperform" rating on the stock. Weiss Ratings raised Nebius Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, September 25th. Finally, Truist Financial upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of "Moderate Buy" and an average price target of $245.69.

Institutional Investors Weigh In On Nebius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Saudi Central Bank grew its position in Nebius Group by 110.0% in the 2nd quarter. Saudi Central Bank now owns 167,819 shares of the company's stock valued at $46,347,000 after acquiring an additional 87,896 shares during the last quarter. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Nebius Group during the first quarter worth $1,087,000. Situational Awareness LP bought a new stake in shares of Nebius Group during the second quarter worth $1,232,895,000. HB Wealth Management LLC purchased a new stake in shares of Nebius Group during the first quarter valued at $735,000. Finally, Amundi boosted its stake in shares of Nebius Group by 10.6% during the first quarter. Amundi now owns 1,343,954 shares of the company's stock valued at $139,449,000 after purchasing an additional 128,380 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 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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