NBIS Nebius Group N.V.

NEUTRAL Impact: 3/10 Insider Cluster (3 insiders)
Horizon immediate Filed Jun 5, 2026 Processed 7d 16h ago
Insider cluster: 3 insiders, $7.1M total

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Executive Summary

Three senior insiders at Nebius (CTO, CFO, CRO) sold $7.14M in open-market sales over a 7-day window, with CTO Shtan selling at a lower price ($238.96) than the CFO/CRO ($276.20). At a $65.9B market cap, the $7.14M represents ~0.011% — far below even the 0.1% threshold for routine. Cluster sells have weak informational content per the literature, and the sales are proportional to typical compensation-driven portfolio adjustments. The stock has rallied sharply recently (ending near $240, well above consensus estimates), making these sales consistent with routine diversification at elevated prices.

Key Financial Metrics

Direction
selling
Total Value
$7.1M
Insiders
3

Actionable Insight

Monitor upcoming 10-Q for guidance updates. The sell cluster size is trivial relative to market cap and consistent with routine portfolio rebalancing at elevated share prices near $240. Prior NBIS reports show extreme T+20 volatility (∼±30%), so position sizing should account for that regardless of this filing.

Key Facts

  • Three C-suite insiders sold a combined $7.14M in open-market sales over 7 days (Jun 2–4, 2026)
  • CTO Danila Shtan sold $3.75M at ~$238.96; CFO Dado Alonso Sanchez sold $417K at ~$276.20; CRO Marc Boroditsky sold $2.98M at ~$276.20
  • Total sales represent ~0.011% of $65.9B market cap — well below the 0.1% proportionality threshold for materiality
  • Insider cluster sales are documented to have weak-to-zero predictive content; this is not a bearish signal
  • The stock has experienced extreme volatility (prior reports show T+20 moves of -57% to +27%), but these sales are proportionally trivial

Financial Impact

Total insider sales of $7.14M represent ~0.011% of market cap — negligible economic signal

Risk Factors

  • Prior NBIS filings show extreme post-event price swings (T+20 moves of -57% to +27%), unrelated to insider activity patterns
  • Historical calibration shows NBIS calls have been directionally wrong 80% of the time at T+20 (win rate 20%) — no edge from this filing alone
  • Three C-suite sales within one week could invite attention from retail traders, but there is no evidence of an informational motive

Market Snapshot

Exchange
Nasdaq
Sector
Services-Computer Programming, Data Processing, Etc.
Analyst Consensus
71% bullish (21 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-NBIS-1780674736731
10 reports for NBIS
Performance horizon
86% Hit rate 6 of 7 directional calls best @ T+1▲ +6.70%May 13, 2026
Filters
Rows
Reports for NBIS — sortable, filterable
Type Now
Jun 5, 2026
7d ago
Insider Cluster
NEUTRAL ★ 3/10
$232.50 awaiting T+1awaiting T+1$232.36 (−0.06%)
Jun 3, 2026
9d ago
Insider Cluster
NEUTRAL ★ 2/10
$251.68 $259.67▲ +3.17%▲ +2.78%$232.36 (−7.68%)
May 22, 2026
21d ago
Insider Cluster
BEARISH ★ 6/10
$214.77 $208.06▲ +3.12%▲ +3.71%$232.36 (−8.19%)
May 19, 2026
24d ago
Insider Cluster
BEARISH ★ 6/10
$197.73 $191.82▲ +2.99%▲ +4.03%$232.36 (−17.51%)
May 15, 2026
28d ago
Insider Cluster
NEUTRAL ★ 3/10
$199.86 $197.73▼ −1.07%▼ −0.42%$232.36 (+16.26%)
May 13, 2026
4w ago
6-K
BULLISH ★ 8/10
$207.27 $221.15▲ +6.70%▲ +5.92%$232.36 (+12.10%)
Apr 14, 2026
8w ago
Insider Cluster
BEARISH ★ 5/10
$161.94 $166.77▼ −2.98%▼ −2.21%$232.36 (−43.49%)
Apr 6, 2026
9w ago
Insider Cluster
BEARISH ★ 6/10
$112.54 $117.40▼ −4.32%▼ −4.26%$232.36 (−106.47%)
Mar 31, 2026
10w ago
Insider Cluster
BEARISH ★ 6/10
$103.76 $101.95▲ +1.74%▲ +2.49%$232.36 (−123.94%)
Mar 31, 2026
10w ago
Insider Cluster
BEARISH ★ 7/10
$103.76 $101.95▲ +1.74%▲ +2.49%$232.36 (−123.94%)
Showing 10 of 10

US Market Status

Market Closed — Opens Mon (53h 12m)

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