Nebius Group (NASDAQ:NBIS) Stock Falls 8.3% Following Insider Selling

Shares of Nebius Group N.V. (NASDAQ:NBIS) traded down 8.3% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $140.60 and last traded at $141.39. Approximately 20,013,681 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 18,158,324 shares. The stock had previously closed at $154.14.

Specifically, Director Wilson Boynton sold 333 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $173.07, for a total value of $57,632.31. Following the completion of the sale, the director owned 403,189 shares in the company, valued at $69,779,920.23. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several research firms have recently commented on NBIS. Truist Financial raised Nebius Group to a “strong-buy” rating in a research note on Thursday, September 10th. William Blair started coverage on Nebius Group in a research note on Wednesday, September 30th. They set an “outperform” rating for the company. Weiss Ratings lowered shares of Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Rothschild & Co Redburn started coverage on shares of Nebius Group in a research note on Monday, September 21st. They set a “sell” rating and a $84.00 target price on the stock. Finally, BNP Paribas Exane upgraded shares of Nebius Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $260.00 to $399.00 in a research note on Thursday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.25.

Nebius Group Stock Performance

The stock has a market cap of $35.77 billion, a P/E ratio of -4,711.43 and a beta of 4.63. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $209.70 and a two-hundred day moving average price of $176.87.

Nebius Group (NASDAQ:NBIS) last released 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 firm 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 revenue was up 454% on a year-over-year basis. During the same quarter last year, the business posted $2.38 earnings per share. On average, sell-side analysts forecast that Nebius Group N.V. will post -3.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC purchased a new stake in Nebius Group during the 2nd quarter valued at approximately $25,000. Sound Income Strategies LLC raised its position in shares of Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Nebius Group in the second quarter worth $28,000. GoalVest Advisory LLC purchased a new position in shares of Nebius Group in the second quarter worth $28,000. Finally, Eastern Bank lifted its holdings in shares of Nebius Group by 66.3% in the third quarter. Eastern Bank now owns 158 shares of the company’s stock worth $37,000 after buying an additional 63 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

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.