Nasdaq (NASDAQ:NDAQ) Stock: Insider Jeremy Skule Sells 1,125 Shares

Posted by George Bondi on Oct 24th, 2026

Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) EVP Jeremy Skule sold 1,125 shares of Nasdaq stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the sale, the executive vice president directly owned 96,561 shares of the company’s stock, valued at approximately $9,173,295. This trade represents a 1.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeremy Skule also recently made the following trade(s):

On Monday, October 12th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was sold at an average price of $94.13, for a total value of $105,896.25.
On Tuesday, September 22nd, Jeremy Skule sold 1,125 shares of Nasdaq stock. The shares were sold at an average price of $95.00, for a total value of $106,875.00.
On Thursday, September 10th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The shares were sold at an average price of $94.22, for a total value of $105,997.50.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $102.56 on Friday. The business has a 50 day moving average of $94.86 and a 200 day moving average of $91.05. The company has a market capitalization of $57.33 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.86 and a beta of 0.99. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $104.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.01.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (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 business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Nasdaq’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts predict that Nasdaq, Inc. will post 4.13 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 paid a dividend of $0.31 per share. 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 (DPR) is 36.15%.

Key Stories Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

Positive Sentiment: Q3 earnings exceeded expectations: Nasdaq reported adjusted EPS of $1.04, topping the $1.02 consensus and rising from $0.88 a year earlier. Net revenue increased 13% year over year to approximately $1.5 billion, while solutions revenue grew 17%. Nasdaq Reports Third Quarter 2026 Results
Positive Sentiment: Recurring revenue and growth businesses remain strong: Annualized recurring revenue reached a record $3.4 billion, with index revenue up 39% and continued double-digit growth in fintech and technology. Investors are also focused on Nasdaq’s AI-related solutions, tokenization opportunities and recurring-revenue model as potential long-term growth drivers. NDAQ Q3 Deep Dive
Positive Sentiment: Analysts raised price targets: Goldman Sachs raised its target to $120 and maintained a Buy rating; Morgan Stanley increased its target to $132 with an Overweight rating; JPMorgan lifted its target to $122 and Wells Fargo raised its target to $111. The revisions signal greater confidence in Nasdaq’s earnings and recurring-revenue outlook. Analyst Rating Updates
Positive Sentiment: Options activity was notably bullish: Traders purchased 7,716 call options, approximately 320% above average call volume, indicating increased speculative interest following the earnings release.
Neutral Sentiment: Dividend was maintained: Nasdaq declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and an approximate 1.2% yield. The payment is scheduled for December 18. Nasdaq Dividend Announcement
Negative Sentiment: Valuation and insider selling may be limiting gains: Nasdaq trades near its 52-week high at roughly 30 times earnings. EVP Jeremy Skule also sold 1,125 shares for about $107,000, a modest transaction but part of a broader pattern of insider selling that could weigh on sentiment. SEC Insider Transaction Filing

Analyst Ratings Changes

A number of brokerages have recently issued reports on NDAQ. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Friday, October 16th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Rothschild & Co Redburn decreased 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $118.00 price target on shares of Nasdaq in a research note on Friday. Finally, Jefferies Financial Group restated a “hold” rating on shares of Nasdaq in a research report on Thursday. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.53.

Check Out Our Latest Stock Analysis on NDAQ

Hedge Funds Weigh In On Nasdaq

Several hedge funds have recently made changes to their positions in NDAQ. BlackRock Inc. bought a new stake in shares of Nasdaq during the second quarter valued at approximately $2,931,637,000. Bank of America Corp DE purchased a new stake in Nasdaq in the second quarter worth $603,631,000. The Manufacturers Life Insurance Company bought a new position in Nasdaq in the second quarter worth $377,818,000. Legal & General Group Plc bought a new position in Nasdaq in the second quarter worth $220,130,000. Finally, Deutsche Bank AG purchased a new position in Nasdaq during the second quarter valued at $180,099,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Company Profile

(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.