Nasdaq (NASDAQ:NDAQ) Insider Sells $1,073,702.60 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 10,390 shares of Nasdaq stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $103.34, for a total value of $1,073,702.60. Following the transaction, the insider owned 205,076 shares of the company’s stock, valued at $21,192,553.84. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nasdaq Stock Up 0.0%

NDAQ stock opened at $105.60 on Friday. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $107.93. The business’s 50 day simple moving average is $95.54 and its 200 day simple moving average is $90.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $58.60 billion, a PE ratio of 28.85, a PEG ratio of 1.85 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly 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. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, research analysts anticipate 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 $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is presently 33.88%.

Key Headlines Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: New trading technology: Nasdaq Europe plans to launch “trajectory trading” in November, expanding its technology offering and potentially supporting future trading-related revenue. Nasdaq Europe to Launch Trajectory Trading
• Positive Sentiment: Strong earnings backdrop: Nasdaq recently exceeded quarterly EPS expectations, reporting $1.04 versus the $1.02 consensus, while revenue reached $2.39 billion and grew 12.6% year over year. Analysts’ average price target of $113.53 remains above the recent trading level, reinforcing the bullish case.
• Neutral Sentiment: Routine exchange enforcement: Nasdaq notified Charming Medical Limited that it expects to delist the company on November 9 unless it successfully appeals. Nasdaq also halted TJGC Group trading while requesting additional information. These actions demonstrate regulatory oversight but are unlikely to materially affect NDAQ’s financial results. Charming Medical Anticipated Delisting Nasdaq Halts TJGC Group
• Negative Sentiment: Insider selling: EVP Bradley Peterson sold 3,987 shares for approximately $418,000, following a separate sale of 4,000 shares. Director/executive Tal Cohen also sold 10,390 shares. Although the executives retain substantial positions, the transactions could encourage some profit-taking after NDAQ’s strong advance. Nasdaq Insider Cohen Tal Sells Shares

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Argus increased their price target on shares of Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. Zacks Research cut shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group boosted their price objective on Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.53.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NDAQ. Fiduciary Financial Advisors acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $25,000. Eastern Bank raised its position in shares of Nasdaq by 168.0% in the third quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Compass Wealth Management LLC acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $29,000. 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 shares of Nasdaq in the second quarter valued at approximately $37,000. Institutional investors own 72.47% of the company’s stock.

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.