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

Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 1,125 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $94.13, for a total transaction of $105,896.25. Following the sale, the executive vice president owned 97,686 shares in the company, valued at $9,195,183.18. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $106,875.00.
• On Thursday, September 10th, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was sold at an average price of $94.22, for a total value of $105,997.50.

Nasdaq Trading Up 1.7%

NDAQ opened at $93.50 on Friday. The stock has a 50-day moving average of $94.69 and a 200 day moving average of $90.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The firm has a market cap of $52.26 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.64 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, research analysts forecast that Nasdaq, Inc. will post 4.13 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.

Institutional Investors Weigh In On Nasdaq

Institutional investors and hedge funds have recently modified their holdings of the business. Fiduciary Financial Advisors purchased a new position in Nasdaq during the 2nd quarter valued at $25,000. Eastern Bank grew its position in Nasdaq by 168.0% in the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 168 shares during the last quarter. MV Capital Management Inc. purchased a new stake in Nasdaq in the fourth quarter worth $28,000. Keating Financial Advisory Services Inc. purchased a new stake in Nasdaq in the second quarter worth $37,000. Finally, Signature Equity Partners LLC increased its stake in Nasdaq by 60.3% in the first quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 178 shares during the period. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NDAQ. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Morgan Stanley dropped their price target on shares of Nasdaq from $120.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Zacks Research downgraded shares of Nasdaq from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Barclays reiterated an “overweight” rating and set a $109.00 price target (down from $111.00) on shares of Nasdaq in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.83.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: LeveL Markets acquisition expands Nasdaq’s trading reach. Nasdaq completed its acquisition of LeveL Markets, one of the largest U.S. alternative trading systems. The deal adds liquidity and supports Nasdaq’s “always-on” trading strategy, potentially creating new revenue opportunities across trading, market data and infrastructure. Nasdaq Completes Acquisition of LeveL Markets, Advancing its Always-On Vision
• Positive Sentiment: Analyst support and earnings optimism remain catalysts. J.P. Morgan maintains a Buy view, while Deutsche Bank raised its price target to $116. The consensus rating remains “Moderate Buy,” with an average target of $108.83. Ahead of next week’s earnings report, analysts expect growth, supported by Nasdaq’s recurring data, technology and market-services revenue. Nasdaq Earnings Expected to Grow
• Positive Sentiment: Index and data businesses are showing momentum. Index revenue growth accelerated to 38% year over year in the second quarter from 14% in the first quarter, and broader industry trends—including crypto adoption and technology investment—could support non-trading revenue. Can Nasdaq Index Growth Hold Up Without a Rising Market?
• Neutral Sentiment: Temporary network disruption resolved. Nasdaq said it resolved a network issue that affected some equities markets. The limited outage could raise reliability concerns, but its resolution reduces the immediate operational risk. Nasdaq Resolves Network Disruption
• Negative Sentiment: Valuation and competition remain risks. Commentary argues the stock may look expensive if index growth depends heavily on rising markets and asset inflows. Competition across exchanges and a Wells Fargo Hold rating also temper the bullish outlook. An executive’s sale of 1,125 shares is a minor additional negative signal, although the executive retained a substantial stake. Nasdaq Stock Looks Pricey

About Nasdaq

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.