Nebius stock drops nearly amid insider sale concerns

Nebius Group NV fell nearly 4.0% in morning trading on Thursday, declining to $227.85 after opening at $233.40. The drop follows continued investor concern over a large insider stock sale and broader market caution.

Chief Operating Officer Ophir Nave sold 500,000 Class A shares, which represented approximately half of his holdings in the company. The sale was conducted under a preset trading plan. The transaction unsettled investor confidence despite being non-discretionary in nature.

On Tuesday, Rosenblatt Securities began coverage of Nebius with a Buy rating and a price target of $304. The firm highlighted the company's growing AI infrastructure operations and contracted power pipeline. Rosenblatt estimated that Nebius currently has about one-sixth the active power capacity of CoreWeave, with 75% of its 3.5GW of contracted power expected to become operational through fully owned sites.

The positive analyst coverage did not fully counteract the negative sentiment from the insider transaction. Some market observers have indicated a preference for rival CoreWeave over Nebius, adding further pressure on the stock.

You May Also Be Interested In

• Rosenblatt Starts Nebius Group (NBIS) at Buy
• Trump to issue directive to U.S. officials that seeks to control cost of diesel - Reuters
• Quantum Corporation CFO terminated, replaced by chief accounting officer