Nebius Group (NASDAQ:NBIS) Director John Wilson Iv Boynton Sells 5,812 Shares

Nebius Group N.V. (NASDAQ:NBIS) Director John Wilson Iv Boynton sold 5,812 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $253.29, for a total value of $1,472,121.48. Following the sale, the director owned 378,665 shares in the company, valued at approximately $95,912,057.85. This trade represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nebius Group Stock Up 11.9%

Shares of NASDAQ:NBIS traded up $27.71 on Monday, hitting $260.07. 16,643,311 shares of the company’s stock were exchanged, compared to its average volume of 16,308,309. The firm’s 50-day moving average is $187.49 and its 200 day moving average is $129.09. The company has a market capitalization of $65.80 billion, a PE ratio of 83.89 and a beta of 4.03. Nebius Group N.V. has a 1-year low of $43.89 and a 1-year high of $278.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.77) by $0.54. The business 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%.The firm’s quarterly revenue was up 684.0% on a year-over-year basis. Sell-side analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NBIS shares. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. BNP Paribas Exane started coverage on Nebius Group in a research note on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price for the company. Compass Point started coverage on Nebius Group in a research note on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price for the company. Morgan Stanley increased their target price on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.25.

Hedge Funds Weigh In On Nebius Group

Several hedge funds have recently bought and sold shares of NBIS. Royal Bank of Canada purchased a new position in Nebius Group during the first quarter worth $1,628,000. Millennium Management LLC purchased a new stake in shares of Nebius Group in the first quarter valued at $11,563,000. NewEdge Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter valued at $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Nebius Group in the first quarter valued at $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Nebius Group in the second quarter valued at $68,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

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.