Insider Selling: Nasdaq (NASDAQ:NDAQ) Insider Sells $250,088.40 in Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,286 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $109.40, for a total value of $250,088.40. Following the completion of the sale, the insider owned 200,501 shares in the company, valued at $21,934,809.40. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cohen Tal also recently made the following trade(s):

• On Tuesday, November 3rd, Tal Cohen sold 2,289 shares of Nasdaq stock. The stock was sold at an average price of $108.05, for a total transaction of $247,326.45.
• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The shares were sold at an average price of $103.34, for a total transaction of $1,073,702.60.

Nasdaq Stock Performance

NDAQ traded up $0.29 on Friday, reaching $107.12. The company had a trading volume of 3,334,934 shares, compared to its average volume of 3,796,338. The company’s fifty day moving average is $96.45 and its 200 day moving average is $90.84. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $111.45. The stock has a market cap of $59.45 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate 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 net margin of 22.81% and a return on equity of 19.03%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared 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. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq’s dividend payout ratio is currently 33.88%.

Institutional Trading of Nasdaq

Institutional investors have recently modified their holdings of the company. REAP Financial Group LLC raised its stake in Nasdaq by 13.5% during the third quarter. REAP Financial Group LLC now owns 781 shares of the financial services provider’s stock valued at $72,000 after buying an additional 93 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in Nasdaq by 2.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,831 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 108 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Nasdaq by 2.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,633 shares of the financial services provider’s stock valued at $426,000 after buying an additional 118 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 123 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Nasdaq by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after buying an additional 137 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDAQ has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $108.00 target price (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. Rothschild & Co Redburn dropped their target price on Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Jefferies Financial Group restated a “hold” rating on shares of Nasdaq in a research report on Thursday, October 22nd. Keefe, Bruyette & Woods increased their price target on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on Nasdaq from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.53.

About Nasdaq

Nasdaq, Inc is a global technology and financial markets company best known for operating the Nasdaq Stock Market. Its exchange services support the listing and trading of equities and other financial products, and the company provides market data and trading technology to exchanges, brokers, investors, and other financial institutions.

Nasdaq also develops software and services for financial institutions and corporations, including solutions for regulatory compliance, market surveillance, and the detection and prevention of financial crime.