Andrey Korolenko Sells 31,357 Shares of Nebius Group (NASDAQ:NBIS) Stock

Nebius Group N.V. (NASDAQ:NBIS) insider Andrey Korolenko sold 31,357 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $111.20, for a total value of $3,486,898.40. Following the completion of the transaction, the insider owned 585,209 shares in the company, valued at approximately $65,075,240.80. This represents a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 31st, Andrey Korolenko sold 26,976 shares of Nebius Group stock. The shares were sold at an average price of $98.78, for a total value of $2,664,689.28.

Nebius Group Trading Up 6.3%

Nebius Group stock traded up $7.39 during mid-day trading on Wednesday, hitting $124.79. The stock had a trading volume of 11,984,336 shares, compared to its average volume of 14,928,066. The stock has a 50-day simple moving average of $101.11 and a two-hundred day simple moving average of $102.21. The stock has a market capitalization of $31.42 billion, a PE ratio of -85.46 and a beta of 4.20. Nebius Group N.V. has a 12 month low of $18.89 and a 12 month high of $141.10. The company has a current ratio of 3.08, a quick ratio of 6.57 and a debt-to-equity ratio of 0.89.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The firm had revenue of $227.70 million during the quarter, compared to the consensus estimate of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. As a group, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

NBIS has been the topic of several analyst reports. Morgan Stanley initiated coverage on Nebius Group in a research note on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 target price on the stock. Compass Point initiated coverage on Nebius Group in a research note on Wednesday, February 18th. They issued a “buy” rating and a $150.00 target price on the stock. Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Bank of America started coverage on Nebius Group in a research note on Tuesday, March 24th. They issued a “buy” rating and a $150.00 target price on the stock. Finally, BWS Financial raised their price target on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.09.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Trek Financial LLC bought a new position in Nebius Group in the third quarter valued at approximately $2,309,000. J.W. Cole Advisors Inc. grew its stake in Nebius Group by 123.9% in the third quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock valued at $3,760,000 after purchasing an additional 18,533 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Nebius Group by 2,272.7% in the third quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock valued at $3,023,000 after purchasing an additional 25,795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Nebius Group by 52.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,169 shares of the company’s stock valued at $9,674,000 after purchasing an additional 29,494 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in Nebius Group in the fourth quarter valued at approximately $1,401,000. 21.90% of the stock is currently owned by institutional investors.

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.