Nasdaq (NASDAQ:NDAQ) Insider Cohen Tal Sells 2,289 Shares of Company Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,289 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $108.05, for a total transaction of $247,326.45. Following the transaction, the insider directly owned 202,787 shares in the company, valued at approximately $21,911,135.35. The trade was a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The stock was sold at an average price of $103.34, for a total transaction of $1,073,702.60.

Nasdaq Price Performance

NDAQ stock opened at $106.83 on Friday. The business has a fifty day moving average of $96.45 and a two-hundred day moving average of $90.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.95. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $111.45.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $0.88 earnings per share. Nasdaq’s revenue was up 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

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 given a dividend of $0.31 per share. 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 (DPR) is presently 33.88%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nasdaq in a research note on Thursday, October 22nd. Piper Sandler reiterated 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. Bank of America decreased their price target on shares of Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Finally, Erste Group Bank assumed coverage on Nasdaq in a research report on Friday, October 30th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.53.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Nasdaq during the 2nd quarter worth $1,236,000. Assenagon Asset Management S.A. grew its stake in shares of Nasdaq by 572.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,988,348 shares of the financial services provider’s stock worth $182,948,000 after purchasing an additional 1,692,770 shares during the period. NINE MASTS CAPITAL Ltd grew its stake in shares of Nasdaq by 106.5% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 27,130 shares of the financial services provider’s stock worth $2,138,000 after purchasing an additional 13,992 shares during the period. Munich Reinsurance Co Stock Corp in Munich increased its holdings in shares of Nasdaq by 3.0% in the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 889,447 shares of the financial services provider’s stock valued at $70,106,000 after purchasing an additional 25,524 shares in the last quarter. Finally, Tandem Investment Advisors Inc. purchased a new position in shares of Nasdaq in the 1st quarter valued at about $13,891,000. 72.47% of the stock is owned by institutional investors and hedge funds.

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.