Insider Selling: Nasdaq (NASDAQ:NDAQ) Insider Sells 2,286 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,286 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $109.40, for a total transaction of $250,088.40. Following the completion of the sale, the insider owned 200,501 shares in the company, valued at approximately $21,934,809.40. The trade was a 1.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cohen Tal also recently made the following trade(s):

• On Tuesday, November 3rd, Tal Cohen sold 2,289 shares of Nasdaq stock. The shares were sold at an average price of $108.05, for a total transaction of $247,326.45.
• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The shares were sold at an average price of $103.34, for a total value of $1,073,702.60.

Nasdaq Trading Up 0.3%

NDAQ traded up $0.29 during trading hours on Friday, reaching $107.12. 3,334,934 shares of the company’s stock traded hands, compared to its average volume of 3,796,338. The firm has a 50-day moving average price of $96.45 and a 200 day moving average price of $90.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $59.45 billion, a PE ratio of 29.27, a PEG ratio of 1.90 and a beta of 0.95. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $111.45.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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 return on equity of 19.03% and a net margin of 22.81%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $0.88 EPS. Nasdaq’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 33.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NDAQ shares. Argus increased their price objective on Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. Piper Sandler reiterated 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. The Goldman Sachs Group increased their price objective on Nasdaq from $109.00 to $120.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Raymond James Financial decreased their price objective on shares of Nasdaq from $119.00 to $109.00 in a research note on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $118.00 target price on shares of Nasdaq in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.53.

Institutional Investors Weigh In On Nasdaq

A number of large investors have recently modified their holdings of NDAQ. Eastern Bank raised its stake in shares of Nasdaq by 168.0% during the third quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Compass Wealth Management LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at approximately $29,000. Fiduciary Financial Advisors bought a new stake in Nasdaq during the second quarter valued at $25,000. Center for Financial Planning Inc. acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $32,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Nasdaq during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.