Triumph Capital Management Buys 5,408 Shares of Nebius Group N.V. $NBIS

Triumph Capital Management raised its stake in Nebius Group N.V. (NASDAQ:NBIS) by 10,203.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,461 shares of the company’s stock after buying an additional 5,408 shares during the quarter. Triumph Capital Management’s holdings in Nebius Group were worth $1,508,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nwam LLC purchased a new stake in shares of Nebius Group during the second quarter valued at about $5,189,000. Teza Capital Management LLC purchased a new position in shares of Nebius Group in the 2nd quarter worth approximately $397,000. F&V Capital Management LLC purchased a new position in shares of Nebius Group in the 2nd quarter worth approximately $257,000. Headlands Technologies LLC acquired a new position in shares of Nebius Group during the second quarter worth $885,000. Finally, Ancora Advisors LLC increased its position in Nebius Group by 18.8% during the 2nd quarter. Ancora Advisors LLC now owns 475 shares of the company’s stock valued at $131,000 after buying an additional 75 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $206.32 on Tuesday. The firm has a 50-day simple moving average of $216.41 and a 200-day simple moving average of $179.08. 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 stock has a market capitalization of $52.20 billion, a price-to-earnings ratio of -6,875.04 and a beta of 4.23. Nebius Group N.V. has a 52 week low of $63.26 and a 52 week high of $299.86.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same period in the previous year, the business posted $2.38 earnings per share. Nebius Group’s quarterly revenue was up 454% on a year-over-year basis. On average, equities analysts predict that Nebius Group N.V. will post -3.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Nebius Group from $250.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Weiss Ratings downgraded shares of Nebius Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson restated a “neutral” rating and issued a $175.00 price target on shares of Nebius Group in a research note on Thursday, August 13th. Citigroup lifted their price target on shares of Nebius Group from $278.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Insiders Place Their Bets

In other news, Director John Wilson Iv Boynton sold 5,812 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the transaction, the director directly owned 378,665 shares in the company, valued at $95,912,057.85. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the sale, the chief executive officer owned 821,662 shares of the company’s stock, valued at $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders 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.