Nebius Group (NASDAQ:NBIS) Insider Andrey Korolenko Sells 33,871 Shares of Stock

Nebius Group N.V. (NASDAQ:NBIS) insider Andrey Korolenko sold 33,871 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $7,974,926.95. Following the sale, the insider owned 551,338 shares of the company’s stock, valued at $129,812,532.10. This trade represents a 5.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, May 13th, Andrey Korolenko sold 500,000 shares of Nebius Group stock. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00.

Nebius Group Stock Performance

Shares of Nebius Group stock traded up $7.53 during mid-day trading on Monday, hitting $223.15. 5,990,761 shares of the stock were exchanged, compared to its average volume of 16,342,732. The company has a market capitalization of $56.46 billion, a P/E ratio of 71.54 and a beta of 4.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The company has a 50-day simple moving average of $219.69 and a 200 day simple moving average of $145.28. Nebius Group N.V. has a 12 month low of $43.89 and a 12 month high of $299.86.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. The company had revenue of $399.00 million for 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 revenue was up 684.0% compared to the same quarter last year. Sell-side analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald began coverage on shares of Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target on the stock. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and boosted their target price for the company from $200.00 to $250.00 in a research note on Monday, May 18th. BWS Financial increased their price target on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Citigroup lifted their price objective on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $203.25.

Institutional Trading of Nebius Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Orbis Allan Gray Ltd raised its position in shares of Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after buying an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of Nebius Group by 33.4% during the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after acquiring an additional 2,536,832 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its position in shares of Nebius Group by 55.7% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after acquiring an additional 1,648,497 shares during the last quarter. Morgan Stanley grew its holdings in shares of Nebius Group by 35.2% during the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock worth $310,099,000 after purchasing an additional 964,984 shares in the last quarter. Finally, Clear Street Group Inc. increased its position in shares of Nebius Group by 95.0% in the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock worth $293,943,000 after purchasing an additional 1,710,924 shares during the last quarter. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

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.