Nebius Group (NASDAQ:NBIS) Stock Price Down 7% After Insider Selling
by Renee Jackson · The Cerbat GemShares of Nebius Group N.V. (NASDAQ:NBIS – Get Free Report) were down 7% during trading on Monday after an insider sold shares in the company. The company traded as low as $200.06 and last traded at $204.6180. Approximately 4,252,362 shares traded hands during trading, a decline of 73% from the average daily volume of 15,717,213 shares. The stock had previously closed at $219.94.
Specifically, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the sale, the insider directly owned 585,209 shares in the company, valued at approximately $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elena Bunina sold 10,894 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the transaction, the director owned 10,772 shares of the company’s stock, valued at $2,228,403.64. The trade was a 50.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday. Freedom Capital cut Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised shares of Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Compass Point initiated coverage on shares of Nebius Group in a research note on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price target for the company. Finally, Wolfe Research initiated coverage on shares of Nebius Group in a report on Thursday, April 16th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.75.
Get Our Latest Research Report on Nebius Group
Nebius Group Stock Down 10.3%
The firm has a fifty day moving average of $138.08 and a 200-day moving average of $110.98. 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 $49.90 billion, a P/E ratio of 64.90 and a beta of 4.03.
Nebius Group (NASDAQ:NBIS – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.77) by $0.54. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. Nebius Group’s quarterly revenue was up 684.0% on a year-over-year basis. On average, equities research analysts anticipate that Nebius Group N.V. will post -2.33 earnings per share for the current year.
Institutional Trading of Nebius Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in Nebius Group during the 1st quarter valued at approximately $1,628,000. Millennium Management LLC purchased a new stake in Nebius Group in the 1st quarter worth about $11,563,000. NewEdge Advisors LLC purchased a new position in shares of Nebius Group during the first quarter worth approximately $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 1st quarter worth approximately $9,084,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Nebius Group during the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.
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.