Key Points
- Insider sale: Nasdaq EVP Tal Cohen sold 10,390 shares at an average price of $103.34, worth approximately $1.07 million. His remaining direct stake is 205,076 shares, a 4.82% reduction.
- Strong quarterly results: Nasdaq reported earnings of $1.04 per share, beating estimates by $0.02, while revenue reached $2.39 billion and rose 12.6% year over year.
- Shareholder returns and outlook: The company declared a quarterly dividend of $0.31 per share, representing a 1.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $113.53.
Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) EVP Bradley Peterson sold 4,000 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total transaction of $413,520.00. Following the completion of the transaction, the executive vice president directly owned 118,293 shares of the company's stock, valued at $12,229,130.34. This trade represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Nasdaq Stock Performance
Nasdaq stock opened at $104.36 on Wednesday. The business has a fifty day moving average of $95.17 and a two-hundred day moving average of $90.58. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $105.45.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. 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. The firm's revenue was up 12.6% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.
Nasdaq Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid 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.
Hedge Funds Weigh In On Nasdaq
Several institutional investors and hedge funds have recently bought and sold shares of NDAQ. North Dakota State Investment Board increased its position in shares of Nasdaq by 1.3% during the third quarter. North Dakota State Investment Board now owns 13,637 shares of the financial services provider's stock worth $1,255,000 after purchasing an additional 173 shares in the last quarter. Great Lakes Retirement Inc. lifted its holdings 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 during the last quarter. Generali Asset Management SPA SGR boosted its position in shares of Nasdaq by 22.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 25,988 shares of the financial services provider's stock worth $2,391,000 after purchasing an additional 4,691 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of Nasdaq by 4.5% in the 3rd 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 in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Nasdaq by 15.0% in the 3rd 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 in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.
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
Analysts Set New Price Targets
NDAQ has been the topic of a number of recent research reports. Argus raised their price objective on Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. TD Cowen reduced their target price 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. The Goldman Sachs Group increased their price target on shares of Nasdaq from $109.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Piper Sandler reissued an "overweight" rating and set a $108.00 price target (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.53.
Check Out Our Latest Report on Nasdaq
About Nasdaq
(
Get Free Report)
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.
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