Entropy Technologies LP Takes Position in Nebius Group N.V. $NBIS

Entropy Technologies LP purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 22,131 shares of the company’s stock, valued at approximately $1,852,000.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new stake in shares of Nebius Group during the fourth quarter worth $25,000. Root Financial Partners LLC acquired a new stake in shares of Nebius Group during the 4th quarter valued at $26,000. Blue Trust Inc. boosted its holdings in shares of Nebius Group by 73.8% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 141 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in Nebius Group by 500.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Nebius Group in the 3rd quarter worth about $54,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nebius Group

In other news, insider Andrey Korolenko sold 500,000 shares of Nebius Group stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total value of $101,620,000.00. Following the completion of the transaction, the insider directly owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. This trade represents a 46.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Marc Boroditsky sold 10,776 shares of Nebius Group stock in a transaction that occurred on 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 completion of 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. The SEC filing for this sale provides additional information. Insiders have sold 700,710 shares of company stock valued at $132,153,501 over the last three months.

Nebius Group Price Performance

Shares of NBIS opened at $260.07 on Tuesday. The business has a 50-day moving average of $187.49 and a 200-day moving average of $129.09. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The company has a market capitalization of $65.80 billion, a price-to-earnings 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.

Nebius Group (NASDAQ:NBIS) last released its quarterly 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. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. The business’s revenue was up 684.0% on a year-over-year basis. As a group, equities research analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Analyst Ratings Changes

NBIS has been the subject of several research reports. Citigroup increased their target price on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Citizens Jmp raised their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a report on Thursday, May 14th. Wolfe Research started coverage on shares of Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley upped their price target on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group 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.