Nebius Execs Sold $145M as Stock Has Since Halved
Five Nebius executives sold $145 million in stock at $211 to $243 in early October; the stock has since lost close to half its value ahead of Thursday's Q3 earnings. While the C-suite was exiting, one
Nebius Execs Sold $145M as Stock Has Since Halved
NEW YORK, November 10 —
Five Nebius Group N.V. (NBIS) executives sold $145 million in stock at $211, $243 in early October; the stock has since lost close to half its value ahead of Thursday's Q3 earnings. While the C-suite was exiting, one board director began buying on the descent: eleven consecutive open-market purchases at $154, $170, with options now pricing in a 17% post-earnings swing.
- COO Ophir Nave sold 500,000 shares on October 5 in 12 tranches for approximately $117.8 million, the single largest exit.
- Director Arne Grimme made 11 consecutive open-market purchases October 15-29, acquiring 1,814 shares for roughly $330,000.
- Trailing 12-month revenue of $1.36 billion growing at 454% year-over-year; gross margin 74.3%.
Five Officers, One Window
Nebius Group N.V., which builds large-scale GPU clusters, cloud platforms, and developer tools under a strategic alliance with NVIDIA, saw five senior officers sell stock in a narrow window in early October. CEO Arkadiy Volozh, CTO Danila Shtan, and CIO Andrey Korolenko combined for more than $19 million on October 1; COO Ophir Nave sold 500,000 shares at $231, $243 for $117.8 million; and CRO Marc Boroditsky added $1.48 million on October 12. All five exited well above the $154, $170 range where a board director would be buying within weeks, and whether that gap reflects privileged concern or routine diversification is the question Thursday's earnings report must answer.
The Director Who Kept Buying
Director Arne Grimme started buying on October 15 and continued every trading day through October 29: 11 consecutive open-market purchases for a combined 1,814 shares and roughly $330,000. The dollar figure is dwarfed by the $145.2 million in C-suite sales. What matters is the pattern, not the scale: a disciplined accumulation as the stock fell sharply following midterm election results that sent Democratic governors-elect into Texas, Ohio, and Georgia on platforms featuring data center moratoriums in states central to Nebius's AI infrastructure growth.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| NBIS | $35.9B | n/a | +17.8% |
| CRWV | $27.0B | n/a | -56.1% |
| IREN | $9.1B | 79.3x | -64.0% |
| APLD | $5.1B | n/a | -50.5% |
| RKLB | $37.6B | n/a | +2.3% |
| OKLO | $5.2B | n/a | -78.9% |
What Thursday Decides
Q3 earnings arrive Thursday, with options traders pricing in a 17% move in either direction; CoreWeave reports earlier in the week, setting sector context. After missing EPS estimates in its first two reported quarters by 20.3% and 62.8%, Nebius beat consensus in the two most recent by 395.8% and 20.8%, a trajectory that raises expectations. The 454% revenue growth and 74.3% gross margin make the fundamental case; the question Thursday answers is whether the company signals any impact from data center policy headwinds in Texas, Ohio, and Georgia. For investors building their own model, the DCF calculator provides a starting framework.
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Frequently Asked Questions
When is Nebius Q3 earnings?
Q3 earnings arrive Thursday, with options now pricing in a 17% post-earnings swing. CoreWeave reports earlier in the week, providing the sector context.
Why did Nebius executives sell $145 million in stock?
Five Nebius executives sold $145 million in stock at $211 to $243 in early October, following midterm election results that sent Democratic governors-elect into Texas, Ohio, and Georgia on platforms featuring data center moratoriums in states central to Nebius's AI infrastructure growth. Whether the sales reflect privileged concern or routine diversification is a question Thursday's earnings report must answer.
Who was buying Nebius stock as it fell?
Director Arne Grimme made 11 consecutive open-market purchases from October 15 to 29, acquiring 1,814 shares for roughly $330,000 at $154 to $170. This disciplined accumulation pattern contrasts sharply with the $145.2 million in C-suite sales.
How fast is Nebius growing?
Nebius has trailing 12-month revenue of $1.36 billion growing at 454% year-over-year with a 74.3% gross margin. After missing EPS estimates in its first two reported quarters by 20.3% and 62.8%, Nebius beat consensus in the two most recent quarters by 395.8% and 20.8%.
In early October, Nebius Group insiders recorded $145 million in share sales—led by COO Ophir Nave's roughly $118 million exit at $231–$243—while the stock has since lost close to half its value ahead of Thursday's Q3 earnings report. The same period saw director Arne Grimme make 11 consecutive open-market purchases at $154–$170, setting up a rare insider split just as options traders price in a 17% post-earnings move.