Nasdaq (NASDAQ:NDAQ) Insider Cohen Tal Sells 10,390 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 10,390 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.34, for a total transaction of $1,073,702.60. Following the completion of the sale, the insider directly owned 205,076 shares in the company, valued at approximately $21,192,553.84. This represents a 4.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $104.36 on Wednesday. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $105.45. The stock has a fifty day simple moving average of $95.17 and a 200 day simple moving average of $90.58.

Nasdaq (NASDAQ:NDAQ) last announced its 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. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, December 4th.

Institutional Trading of Nasdaq

A number of institutional investors have recently bought and sold shares of the company. North Dakota State Investment Board raised its position in shares of Nasdaq by 1.3% in the 3rd quarter. North Dakota State Investment Board now owns 13,637 shares of the financial services provider’s stock worth $1,255,000 after acquiring an additional 173 shares in the last quarter. Great Lakes Retirement Inc. boosted its position in shares of Nasdaq by 5.3% during the 3rd quarter. Great Lakes Retirement Inc. now owns 27,399 shares of the financial services provider’s stock valued at $2,521,000 after purchasing an additional 1,386 shares in the last quarter. Generali Asset Management SPA SGR boosted its position in shares of Nasdaq by 22.0% during the 3rd quarter. Generali Asset Management SPA SGR now owns 25,988 shares of the financial services provider’s stock valued at $2,391,000 after purchasing an additional 4,691 shares in the last quarter. Penobscot Investment Management Company Inc. grew its stake in Nasdaq by 4.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 38,220 shares of the financial services provider’s stock worth $3,517,000 after purchasing an additional 1,638 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in Nasdaq by 15.0% during the third quarter. Oppenheimer & Co. Inc. now owns 8,891 shares of the financial services provider’s stock worth $818,000 after purchasing an additional 1,160 shares during the period. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NDAQ. Argus lifted their price objective on Nasdaq from $103.00 to $111.00 in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Barclays set a $121.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a report on Friday. TD Cowen lowered their price target on shares of Nasdaq from $108.00 to $107.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $113.53.

Key Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Higher analyst price target: Rothschild & Co. Redburn raised its price target on Nasdaq to $123 from $107, implying continued confidence in the company’s earnings and growth outlook. Rothschild & Co Redburn Adjusts Price Target on Nasdaq
• Positive Sentiment: Strong operating momentum: Recent coverage highlighted approximately 14% revenue and annual recurring revenue growth, a 20% year-over-year increase in Capital Access Platforms, and gains in enterprise licensing. Nasdaq’s proprietary market data could also benefit from rising demand for AI-related information and analytics. Nasdaq Soars Following Earnings Release
• Positive Sentiment: Asia-Pacific expansion: Nasdaq appointed Andrew Murray as senior vice president to strengthen financial-technology client partnerships in Asia-Pacific, supporting longer-term international growth. Nasdaq Strengthens Asia-Pacific Leadership Team
• Neutral Sentiment: Board change: Former Ericsson CEO Börje Ekholm will join Nasdaq’s board and its Audit & Risk Committee on November 1, while Holden Spaht will resign at year-end. The appointment adds experienced leadership, but the transition is unlikely to materially change near-term results. Nasdaq Appoints Börje Ekholm to its Board
• Negative Sentiment: Insider selling: EVP Bradley Peterson sold 4,000 shares and insider Tal Cohen sold 10,390 shares at roughly $103 per share. These sales reduced their respective holdings by 3.27% and 4.82%, potentially encouraging some profit-taking, although both executives retain sizable positions. Nasdaq Insider Transaction Filing

Nasdaq Company Profile

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.