Nasdaq (NASDAQ:NDAQ) Stock: Insider Bradley Peterson Sells 3,987 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 3,987 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $104.75, for a total value of $417,638.25. Following the completion of the sale, the executive vice president owned 114,306 shares of the company’s stock, valued at approximately $11,973,553.50. This trade represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nasdaq Trading Up 0.6%

Shares of NDAQ stock opened at $106.23 on Friday. The stock has a 50-day simple moving average of $95.71 and a 200 day simple moving average of $90.68. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $107.93. The stock has a market capitalization of $58.95 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.85 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $0.88 earnings per share. Nasdaq’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq’s payout ratio is 33.88%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley boosted their price objective on Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Argus raised their target price on shares of Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. Rothschild & Co Redburn dropped their target price on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.53.

Hedge Funds Weigh In On Nasdaq

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 3Chopt Investment Partners LLC bought a new position in Nasdaq in the 3rd quarter worth approximately $214,000. Rakuten Investment Management Inc. boosted its position in Nasdaq by 8.7% in the 3rd quarter. Rakuten Investment Management Inc. now owns 79,966 shares of the financial services provider’s stock valued at $7,345,000 after buying an additional 6,432 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in Nasdaq in the 3rd quarter valued at $114,000. TrinityBridge Ltd boosted its position in Nasdaq by 0.4% in the 3rd quarter. TrinityBridge Ltd now owns 170,214 shares of the financial services provider’s stock valued at $15,661,000 after buying an additional 681 shares during the last quarter. Finally, Lyell Wealth Management LP increased its stake in shares of Nasdaq by 5.6% in the 3rd quarter. Lyell Wealth Management LP now owns 39,558 shares of the financial services provider’s stock valued at $3,640,000 after buying an additional 2,108 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Key Stories Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: New analyst buy rating: Erste Group Bank initiated coverage of Nasdaq with a “buy” rating, adding to the company’s positive analyst profile. The consensus rating remains “Moderate Buy,” with an average price target of $113.53. Erste Group Bank Nasdaq coverage
• Positive Sentiment: Technology expansion: Nasdaq Europe plans to launch “trajectory trading” in November. The new trading capability could strengthen Nasdaq’s market-technology offering and support future trading-related revenue. Nasdaq Europe trajectory trading
• Positive Sentiment: Solid financial momentum: Nasdaq recently reported quarterly earnings of $1.04 per share, ahead of the $1.02 consensus estimate, while revenue rose 12.6% year over year to $2.39 billion. This earnings performance supports the company’s valuation and recent share-price strength.
• Neutral Sentiment: Routine listing enforcement: Nasdaq notified Charming Medical Limited that it may be delisted and halted trading in TJGC Group while requesting additional information. These actions highlight Nasdaq’s regulatory oversight but are unlikely to materially affect NDAQ’s earnings. Charming Medical delisting
• Negative Sentiment: Insider selling: EVP Bradley Peterson sold 3,987 shares for approximately $418,000, reducing his holdings by 3.37%. A separate report also cited insider Tal Cohen selling 10,390 shares. While the executives retain substantial positions, the sales could create modest selling pressure after NDAQ’s advance. Nasdaq insider selling

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.