Clearline Capital LP Sells 40,508 Shares of Nebius Group N.V. $NBIS

Clearline Capital LP trimmed its position in Nebius Group N.V. (NASDAQ:NBIS) by 28.7% in the fourth quarter, Holdings Channel reports. The fund owned 100,798 shares of the company’s stock after selling 40,508 shares during the quarter. Clearline Capital LP’s holdings in Nebius Group were worth $8,437,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Armistice Capital LLC lifted its stake in shares of Nebius Group by 25.4% in the 4th quarter. Armistice Capital LLC now owns 267,421 shares of the company’s stock valued at $22,384,000 after acquiring an additional 54,141 shares during the last quarter. Caisse de depot et placement du Quebec bought a new position in shares of Nebius Group in the 4th quarter valued at $4,947,000. AQR Capital Management LLC lifted its stake in shares of Nebius Group by 3.9% in the 4th quarter. AQR Capital Management LLC now owns 99,082 shares of the company’s stock valued at $8,294,000 after acquiring an additional 3,735 shares during the last quarter. JAT Capital Mgmt LP bought a new position in shares of Nebius Group in the 4th quarter valued at $4,336,000. Finally, EFG International AG bought a new position in shares of Nebius Group in the 4th quarter valued at $167,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Up 6.0%

Shares of NASDAQ:NBIS opened at $280.91 on Thursday. The firm has a market cap of $71.08 billion, a P/E ratio of 90.62 and a beta of 4.03. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group N.V. has a 12-month low of $43.89 and a 12-month high of $297.93. The business has a fifty day simple moving average of $193.98 and a 200 day simple moving average of $131.60.

Nebius Group (NASDAQ:NBIS) last announced its earnings results 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 analyst estimates 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 quarterly revenue was up 684.0% on a year-over-year basis. Analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Key Nebius Group News

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Nebius completed its acquisition of Eigen AI, adding the optimization stack to its AI inference platform and strengthening its full-stack AI cloud offering. Nebius Group (NBIS) Closes Eigen AI Deal And Opens Three New UK Data Centers
• Positive Sentiment: The company also announced three new UK data centers and a sizable local infrastructure investment, reinforcing growth expectations for its AI cloud business. Nebius Group (NBIS) Closes Eigen AI Deal And Opens Three New UK Data Centers
• Positive Sentiment: NBIS is set to join the Nasdaq-100 index on June 22, a development that can drive passive fund buying and increase trading interest. Why Is Nebius Stock Surging On Tuesday?
• Positive Sentiment: Traders also pointed to a bullish “Power Inflow” order-flow signal, which has added to short-term momentum in the shares. Nebius Shares Rise Over 5% After Key Trading Signal
• Neutral Sentiment: Analysts remain generally constructive, with brokerage coverage still centered on a “Moderate Buy” view, though some recent reports have trimmed ratings or simply held targets steady.

Insider Activity

In other Nebius Group news, CTO Danila Shtan sold 15,678 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the completion of the sale, the chief technology officer directly owned 291,700 shares in the company, valued at approximately $69,704,632. This trade represents a 5.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 10,776 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the sale, the executive owned 26,886 shares of the company’s stock, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 700,710 shares of company stock worth $132,153,501.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Nebius Group in a research note on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target for the company. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Citizens Jmp raised their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Finally, Compass Point started coverage on Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price for the company. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $203.25.

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.