Nasdaq (NASDAQ:NDAQ) EVP Bradley Peterson Sells 4,000 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Bradley Peterson sold 4,000 shares of Nasdaq stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total value of $413,520.00. Following the sale, the executive vice president owned 118,293 shares of the company’s stock, valued at approximately $12,229,130.34. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nasdaq Price Performance

Shares of NDAQ opened at $104.36 on Wednesday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $105.45. The firm has a fifty day moving average price of $95.17 and a 200-day moving average price of $90.58.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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 issued a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%.

Hedge Funds Weigh In On Nasdaq

Institutional investors have recently made changes to their positions in the company. Eastern Bank lifted its stake in Nasdaq by 168.0% in the third quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 168 shares during the period. Compass Wealth Management LLC purchased a new position in Nasdaq during the 3rd quarter valued at about $29,000. Fiduciary Financial Advisors purchased a new position in Nasdaq during the 2nd quarter valued at about $25,000. Center for Financial Planning Inc. purchased a new position in Nasdaq during the 3rd quarter valued at about $32,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Nasdaq during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Key Headlines Impacting Nasdaq

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

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $118.00 target price on shares of Nasdaq in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Nasdaq from $100.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. Raymond James Financial lowered their price target on Nasdaq from $119.00 to $109.00 in a report on Friday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Friday, October 16th. Finally, Piper Sandler reissued an “overweight” rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.53.

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.