Nebius Group (NASDAQ:NBIS) Stock Falls 5% – Time to Sell?

Nebius Group N.V. (NASDAQ:NBIS) shares traded down 5% during mid-day trading on Monday. The company traded as low as $206.90 and last traded at $210.06. Approximately 13,850,693 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 17,609,916 shares. The stock had previously closed at $221.07.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NBIS shares. Citigroup lifted their target price on Nebius Group from $278.00 to $324.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Truist Financial upgraded shares of Nebius Group to a “strong-buy” rating in a report on Thursday, September 10th. Robert W. Baird upped their price objective on shares of Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Rosenblatt Securities initiated coverage on shares of Nebius Group in a research report on Thursday. They issued a “buy” rating and a $304.00 price objective on the stock. Finally, Northland Securities raised their target price on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.69.

Nebius Group Trading Down 5.0%

The business has a fifty day moving average price of $225.14 and a 200-day moving average price of $204.46. 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 company has a market cap of $53.15 billion, a P/E ratio of -6,999.67 and a beta of 4.18.

Nebius Group (NASDAQ:NBIS) last announced its 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. The company had revenue of $582.30 million for the quarter, compared to analyst estimates 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 last year, the company earned $2.38 earnings per share. On average, analysts forecast that Nebius Group N.V. will post -3.48 earnings per share for the current year.

Insider Transactions at Nebius Group

In other news, CRO Marc Boroditsky sold 22,386 shares of Nebius Group stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $197.00, for a total transaction of $4,410,042.00. Following the completion of the sale, the executive owned 22,386 shares of the company’s stock, valued at approximately $4,410,042. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 14,546 shares of Nebius Group stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $234.16, for a total value of $3,406,091.36. Following the sale, the chief technology officer directly owned 260,217 shares of the company’s stock, valued at $60,932,412.72. This represents a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 166,616 shares of company stock worth $39,753,038.

Hedge Funds Weigh In On Nebius Group

A number of hedge funds have recently bought and sold shares of NBIS. Saudi Central Bank boosted its holdings 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 purchasing an additional 87,896 shares during the period. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Nebius Group during the first quarter worth approximately $1,087,000. Situational Awareness LP acquired a new stake in shares of Nebius Group in the second quarter valued at approximately $1,232,895,000. HB Wealth Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $735,000. Finally, Amundi boosted its stake in shares of Nebius Group by 10.6% in the first quarter. Amundi now owns 1,343,954 shares of the company’s stock valued at $139,449,000 after buying an additional 128,380 shares during the period. 21.90% of the stock is owned by institutional investors.

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.