Nebius Group (NASDAQ:NBIS) Insider Andrey Korolenko Sells 33,871 Shares of Stock

Nebius Group N.V. (NASDAQ:NBIS) insider Andrey Korolenko sold 33,871 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the completion of the transaction, the insider owned 551,338 shares of the company’s stock, valued at $129,812,532.10. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Andrey Korolenko also recently made the following trade(s):

• On Wednesday, May 13th, Andrey Korolenko sold 500,000 shares of Nebius Group stock. The shares were sold at an average price of $203.24, for a total value of $101,620,000.00.

Nebius Group Price Performance

NASDAQ NBIS traded up $7.53 during trading hours on Monday, reaching $223.15. 5,990,761 shares of the stock traded hands, compared to its average volume of 16,342,732. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The stock has a 50 day simple moving average of $219.69 and a two-hundred day simple moving average of $145.28. Nebius Group N.V. has a 1 year low of $43.89 and a 1 year high of $299.86. The company has a market cap of $56.46 billion, a price-to-earnings ratio of 71.54 and a beta of 4.10.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.Nebius Group’s revenue was up 684.0% compared to the same quarter last year. On average, analysts predict that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on NBIS shares. Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wolfe Research began coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. BNP Paribas Exane initiated coverage on shares of Nebius Group in a research note on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price objective for the company. BWS Financial increased their target price on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, Cantor Fitzgerald began coverage on shares of Nebius Group in a research report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group currently has a consensus rating of “Moderate Buy” and an average price target of $203.25.

Institutional Investors Weigh In On Nebius Group

Several institutional investors have recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of Nebius Group in the second quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Nebius Group by 95.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 229 shares of the company’s stock worth $63,000 after purchasing an additional 112 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Nebius Group by 62.5% during the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Caldwell Trust Co bought a new position in Nebius Group during the 1st quarter valued at approximately $31,000. Finally, Parkside Financial Bank & Trust purchased a new stake in Nebius Group in the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

About Nebius Group

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.