Sanctuary Advisors LLC Acquires 3,053 Shares of Nebius Group N.V. $NBIS

Sanctuary Advisors LLC grew its stake in shares of Nebius Group N.V. (NASDAQ:NBISFree Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,273 shares of the company’s stock after purchasing an additional 3,053 shares during the quarter. Sanctuary Advisors LLC’s holdings in Nebius Group were worth $6,046,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NBIS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nebius Group by 34,371.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock worth $7,848,000 after acquiring an additional 93,490 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Nebius Group in the fourth quarter valued at approximately $24,756,000. Nordea Investment Management AB bought a new position in Nebius Group in the fourth quarter worth approximately $1,401,000. Geode Capital Management LLC grew its stake in Nebius Group by 1,095.7% in the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock worth $169,840,000 after purchasing an additional 1,875,612 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in Nebius Group during the 1st quarter worth $735,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Up 3.5%

Nebius Group stock opened at $177.71 on Friday. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a market cap of $44.96 billion, a P/E ratio of 57.33 and a beta of 4.10. The business has a fifty day moving average of $228.03 and a two-hundred day moving average of $152.91. Nebius Group N.V. has a twelve month low of $49.00 and a twelve month high of $299.86.

Nebius Group (NASDAQ:NBISGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s revenue was up 684.0% on a year-over-year basis. On average, analysts forecast that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several research reports. Bank of America upped their target price on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Citizens Jmp raised their price target on Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a research note on Thursday, May 14th. Wolfe Research assumed coverage on Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, BNP Paribas Exane began coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Nebius Group has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Read Our Latest Stock Analysis on Nebius Group

Insider Transactions at Nebius Group

In other news, CTO Danila Shtan sold 16,937 shares of Nebius Group 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 $3,987,816.65. Following the transaction, the chief technology officer owned 274,763 shares of the company’s stock, valued at $64,692,948.35. The trade was a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the transaction, the chief executive officer owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This trade represents a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 668,405 shares of company stock worth $140,422,170.

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About Nebius Group

(Free Report)

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.

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Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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