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

Key Points

• Nasdaq EVP Jeremy Skule sold 1,125 shares at an average price of $95, generating $106,875; he retained 96,561 shares after the transaction. The sale followed several similar transactions in recent weeks.
• Nasdaq shares rose 7.5% to $103.30, near their 52-week high, while the company reported quarterly EPS of $1.04, above the $1.02 consensus, and revenue growth of 12.6% year over year.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $109.24, although the stock’s roughly 30 price-to-earnings ratio and continued insider selling may limit upside.

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 shares were sold at an average price of $95.00, for a total transaction of $106,875.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 transaction of $105,896.25.
• On Tuesday, September 22nd, Jeremy Skule sold 1,125 shares of Nasdaq stock. The stock was 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 transaction of $105,997.50.

Nasdaq Stock Up 7.5%

Shares of NASDAQ NDAQ traded up $7.18 on Thursday, reaching $103.30. 7,122,087 shares of the company's stock traded hands, compared to its average volume of 3,788,027. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $103.39. The business's 50 day simple moving average is $94.64 and its two-hundred day simple moving average is $90.85. The company has a market cap of $57.74 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued 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. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The firm had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Nasdaq reported adjusted EPS of $1.04, above the $1.02 consensus and up from $0.88 a year earlier. Net revenue rose 13% year over year to approximately $1.5 billion, with solutions revenue reaching $1.2 billion. Nasdaq Reports Third Quarter 2026 Results
• Positive Sentiment: Recurring and higher-growth businesses strengthened. Annualized recurring revenue reached a record $3.4 billion, while solutions revenue grew 17% and index revenue increased 39%. Investors may view the growth in fintech, technology and index products as supportive of more durable, higher-margin cash flow. NDAQ Q3 Earnings Beat Estimates on Index and FinTech Growth
• Positive Sentiment: Analyst support and shareholder returns added to sentiment. RBC Capital issued a Buy rating, while Nasdaq declared a regular quarterly dividend of $0.31 per share, payable December 18 to shareholders of record December 4. The company also highlighted ongoing share repurchases. Nasdaq Gets a Buy from RBC Capital
• Neutral Sentiment: Valuation is becoming more demanding. The stock is trading near its 52-week high, with a reported P/E ratio of about 30, potentially limiting additional upside unless growth remains strong.
• Negative Sentiment: Insider selling remains a risk signal. QuiverQuant data shows 17 insider sales versus one purchase over the past six months, although these transactions may reflect compensation or portfolio diversification rather than a change in business outlook.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC grew its position 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 during the period. SBI Securities Co. Ltd. lifted its holdings 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 during the period. Quantum Portfolio Management LLC boosted its stake in shares of Nasdaq by 1.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider's stock worth $606,000 after buying an additional 123 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Nasdaq by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider's stock worth $479,000 after buying an additional 137 shares during the last quarter. Finally, AlphaCentric Advisors LLC grew its holdings in shares of Nasdaq by 5.9% in the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider's stock worth $221,000 after acquiring an additional 145 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on NDAQ. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday, July 24th. Wells Fargo & Company started coverage on Nasdaq in a report on Friday, October 2nd. They set an "equal weight" rating and a $100.00 price target for the company. The Goldman Sachs Group raised their price target on Nasdaq from $108.00 to $109.00 and gave the company a "buy" rating in a report on Friday, October 2nd. Morgan Stanley lowered their price target on Nasdaq from $120.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, October 9th. Finally, Barclays reiterated an "overweight" rating and issued a $109.00 price target (down from $111.00) on shares of Nasdaq in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $109.24.

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.

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