Nasdaq (NASDAQ:NDAQ) EVP Bradley Peterson Sells 3,987 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) EVP Bradley Peterson sold 3,987 shares of Nasdaq stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $104.75, for a total value of $417,638.25. Following the sale, the executive vice president owned 114,306 shares in the company, valued at $11,973,553.50. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nasdaq Price Performance

Shares of NDAQ stock opened at $105.60 on Friday. The stock has a market cap of $58.60 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.85 and a beta of 0.99. The business’s fifty day moving average is $95.54 and its 200 day moving average is $90.65. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $107.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. Research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is currently 33.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and set 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 upped their price objective on shares of Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Raymond James Financial decreased their target price on shares of Nasdaq from $119.00 to $109.00 in a research note on Friday, October 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Nasdaq in a report on Thursday, October 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Nasdaq from $100.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $113.53.

Check Out Our Latest Report on NDAQ

Hedge Funds Weigh In On Nasdaq

Several institutional investors and hedge funds have recently modified their holdings of NDAQ. Eastern Bank raised its stake in Nasdaq by 168.0% during the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. Compass Wealth Management LLC bought a new position in shares of Nasdaq during the 3rd quarter valued at $29,000. Fiduciary Financial Advisors bought a new position in shares of Nasdaq during the 2nd quarter valued at $25,000. Center for Financial Planning Inc. purchased a new position in shares of Nasdaq in the 3rd quarter worth $32,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Nasdaq in the 2nd quarter worth $37,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq News Roundup

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

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.

See Also

Insider Buying and Selling by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.