Sanchez Maria Del Dado Alonso Sells 1,509 Shares of Nebius Group (NASDAQ:NBIS) Stock

Nebius Group N.V. (NASDAQ:NBIS) CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of Nebius Group stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $416,785.80. Following the completion of the sale, the chief financial officer owned 12,672 shares in the company, valued at approximately $3,500,006.40. This trade represents a 10.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nebius Group Price Performance

Shares of NASDAQ NBIS traded down $10.55 during trading on Wednesday, hitting $250.03. The company had a trading volume of 6,226,493 shares, compared to its average volume of 16,003,180. The stock has a fifty day simple moving average of $161.71 and a two-hundred day simple moving average of $118.68. Nebius Group N.V. has a fifty-two week low of $37.12 and a fifty-two week high of $278.84. The firm has a market capitalization of $63.26 billion, a price-to-earnings ratio of 80.66 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 (NASDAQ:NBIS) last announced its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. On average, research analysts expect that Nebius Group N.V. will post -2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

NBIS has been the topic of several research analyst reports. Compass Point started coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 target price on the stock. BNP Paribas Exane started coverage on shares of Nebius Group in a research report on Tuesday. They set a “neutral” rating and a $255.00 price target on the stock. Cantor Fitzgerald started coverage on shares of Nebius Group in a research report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target on the stock. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Citigroup boosted their price target on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $188.31.

Hedge Funds Weigh In On Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Nebius Group by 2.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock valued at $309,000 after purchasing an additional 79 shares during the last quarter. Wealth Alliance LLC boosted its holdings in Nebius Group by 1.6% in the 1st quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock valued at $520,000 after purchasing an additional 80 shares during the last quarter. Aspen Grove Capital LLC boosted its holdings in Nebius Group by 3.7% in the 1st quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock valued at $262,000 after purchasing an additional 89 shares during the last quarter. WPG Advisers LLC boosted its holdings in Nebius Group by 3.6% in the 1st quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock valued at $290,000 after purchasing an additional 98 shares during the last quarter. Finally, Harbor Advisors LLC boosted its holdings in Nebius Group by 0.4% in the 3rd quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock valued at $3,099,000 after purchasing an additional 100 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.

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.