Nasdaq (NASDAQ:NDAQ) Stock: Insider Cohen Tal Sells 2,286 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,286 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $109.40, for a total value of $250,088.40. Following the transaction, the insider directly owned 200,501 shares in the company, valued at approximately $21,934,809.40. The trade was a 1.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 value 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 value of $1,073,702.60.

Nasdaq Stock Up 0.3%

Shares of NASDAQ NDAQ opened at $107.12 on Friday. The business has a 50-day moving average price of $96.60 and a 200 day moving average price of $90.89. The stock has a market cap of $59.45 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $111.45.

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

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s payout ratio is presently 33.88%.

Hedge Funds Weigh In On Nasdaq

Several institutional investors have recently bought and sold shares of the company. Diversified Trust Co boosted its stake in Nasdaq by 98.1% in the 3rd quarter. Diversified Trust Co now owns 10,670 shares of the financial services provider’s stock worth $982,000 after buying an additional 5,285 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Nasdaq by 23.7% during the 3rd quarter. Moors & Cabot Inc. now owns 7,012 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 1,342 shares during the last quarter. Allworth Financial LP increased its stake in shares of Nasdaq by 17.8% during the 3rd quarter. Allworth Financial LP now owns 5,774 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 873 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Nasdaq by 109.5% during the 3rd quarter. Fisher Asset Management LLC now owns 6,509 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 3,402 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Nasdaq during the 3rd quarter worth about $401,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDAQ has been the subject of several research reports. Erste Group Bank assumed coverage on shares of Nasdaq in a research report on Friday, October 30th. They issued a “buy” rating for the company. Argus lifted their price objective on shares of Nasdaq from $103.00 to $111.00 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $118.00 target price on shares of Nasdaq in a report on Friday, October 23rd. Keefe, Bruyette & Woods increased their target price 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, Piper Sandler reissued an “overweight” rating and set a $108.00 price target (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $113.53.

Nasdaq Company Profile

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.