NDAQ

NASDAQ, INC.

Nasdaq · Security & Commodity Brokers, Dealers, Exchanges & Services · Inc. DE · CIK 0001120193
$89.95 -0.07% $50.9B
Insider Selling Cluster (2 insiders)High Impact Filing (8/10)3 New Institutional PositionsCongressional Activity (5)
Vol
Market Cap$50.9B
Cap SizeLarge Cap
Analyst ConsensusStrong Buy (88%)
Inst. Holders9 funds
Inst. Value$8.9B
Inst. Activity3 buys / 2 sells
Insider Activity1B / 7S
Insider Net $-$4.4M
Reddit Sentiment57° Neutral
SEC Reports8
Press Releases2
Congressional5 trades
Exchange Nasdaq·Sector Security & Commodity Brokers, Dealers, Exchanges & Services·Inc. DE·CIK 0001120193·Prev Close $90.01

Recent Activity

May 19, 2026 short_volume
Short Volume: NDAQ — 61.7% short (0.6M / 0.9M)
Short: 562,594 | Exempt: 1,232 | TRF Vol: 912,078 | Short Ratio: 61.7% | Off-exchange volume (dark p
May 18, 2026 Insider
Griggs PC Nelson sold 5,093 shares
Pres. Capital Access Platforms @ $92.62 ($471.7K)
Apr 30, 2026 SEC
Two Nasdaq insiders, including the EVP & CIO, sold a combined $806K in open-market sales within a week of the company's
CLUSTER — Impact 3/10
Apr 28, 2026 Insider
Peterson Bradley J sold 7,710 shares
EVP, CIO @ $90.82 ($700.2K)
Apr 24, 2026 SEC
This DEFA14A filing is Nasdaq, Inc.'s definitive proxy statement for its 2026 Annual Meeting. It is a routine document s
DEFA14A — Impact 2/10
Apr 24, 2026 Insider
Daly Michelle Lynn sold 1,194 shares
SVP, Controller & PAO @ $88.82 ($106.1K)
Apr 24, 2026 Congress
April McClain Delaney buy
$1,001 - $15,000 — House
Apr 23, 2026 SEC
Nasdaq reported strong Q1 2026 results with 14% YoY revenue growth and a 33% increase in GAAP EPS to $0.91, driven by do
8-K — Impact 8/10

Price Targets

$106.47 +18.4% upside Buy
Current $89.95 Low $82.00 Median $109.00 High $120.00 15 analysts
$82.00 $120.00

Analyst Ratings

Strong Buy88% buy · 24 analysts
6Strong Buy
15Buy
3Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Apr 24, 2026 Keefe, Bruyette & Woods MAINTAIN Market Perform → Market Perform
Apr 13, 2026 Barclays MAINTAIN Overweight → Overweight
Apr 8, 2026 Barclays MAINTAIN Overweight → Overweight
Feb 26, 2026 TD Cowen UPGRADE Hold → Buy
Jan 30, 2026 JP Morgan MAINTAIN Overweight → Overweight

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.95 ▼ -1.7% $0.90 — $0.99 11% YoY 14
Next Q $0.98 $0.95 — $1.03 12% YoY 14
Current FY $3.93 ▲ +0.8% $3.84 — $4.03 13% YoY 16
Next FY $4.43 ▲ +0.8% $4.32 — $4.58 13% YoY 16

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$5.8B
MORGAN STANLEY$900.1MADD
BANK OF AMERICA CORP$844.2M
NORGES BANK$530.1MNEW
FMR LLC$320.0MADD

Recent Insider Trades

DateInsiderTypeValue
May 18, 2026Griggs PCSELL$471.7K
Apr 28, 2026Peterson BradleySELL$700.2K
Apr 24, 2026Daly MichelleSELL$106.1K
Apr 3, 2026Daly MichelleF$36.7K
Apr 3, 2026FRIEDMAN ADENAF$699.7K

Reddit Sentiment

57°
Neutral
Bearish Neutral Bullish
3 mentions 2 bullish 1 bearish

Congressional Trades

2 members: 3 buys, 2 sells
MemberPartyTypeAmount
April McClainDBUY$1,001 - $15,000
Ro KhannaDSELL$1,001 - $15,000
Ro KhannaDBUY$1,001 - $15,000
9 institutional holders with $8.9B total value (91,904,361 shares) as of 2025-Q4. Top holders: VANGUARD, MORGAN, BANK. Net buying activity: 3 institutions added/increased vs 2 reduced.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC59,916,887$5.8B65.2%
2MORGAN STANLEY9,266,562$900.1M10.1%ADD +62.6%
3BANK OF AMERICA CORP /DE/8,691,428$844.2M9.5%
4NORGES BANK5,457,639$530.1M5.9%NEW
5FMR LLC3,294,111$320.0M3.6%ADD +77.4%
6CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,727,956$265.0M3.0%NEW
7TWO SIGMA INVESTMENTS, LP1,459,061$141.7M1.6%TRIM -26.8%
8WELLS FARGO & COMPANY/MN1,013,417$98.4M1.1%
9Olstein Capital Management, L.P.77,300$7.5K0.0%ADD +35.6%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
MORGAN STANLEYADD5,698,7199,266,562+62.6%$900.1M2025-Q4
NORGES BANKNEW5,457,639$530.1M2025-Q4
FMR LLCADD1,856,6323,294,111+77.4%$320.0M2025-Q4
TWO SIGMA INVESTMENTS, LPTRIM1,993,8531,459,061-26.8%$141.7M2025-Q4
RENAISSANCE TECHNOLOGIES LLCEXIT778,3000-100.0%$0.002025-Q4
RENAISSANCE TECHNOLOGIES LLCTRIM1,136,680778,300-31.5%$68.8M2025-Q3
NORGES BANKEXIT4,549,5750-100.0%$0.002025-Q3
NORGES BANKNEW4,549,575$406.8M2025-Q2
FMR LLCADD1,454,9961,925,623+32.3%$172.2M2025-Q2
TWO SIGMA INVESTMENTS, LPDOUBLED714,2391,784,608+149.9%$159.6M2025-Q2
UBS Group AGADD3,665,3814,761,096+29.9%$361.2M2025-Q1
FMR LLCADD1,060,3451,454,996+37.2%$110.4M2025-Q1
RENAISSANCE TECHNOLOGIES LLCADD680,0001,217,400+79.0%$92.4M2025-Q1
Fund 1 Investments, LLCEXIT2,1880-100.0%$0.002025-Q1
NORGES BANKEXIT5,488,1010-100.0%$0.002025-Q1
CITADEL ADVISORS LLCTRIM1,089,997675,960-38.0%$52.3M2024-Q4
Fund 1 Investments, LLCNEW2,188$169.2K2024-Q4
Olstein Capital Management, L.P.ADD59,00080,000+35.6%$6.2K2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INCNEW2,296,354$167.7M2024-Q3
10 unique insiders with 8 transactions. Net insider value: -$4.4M ($15.8M bought, $20.2M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
May 18, 2026Griggs PC NelsonPres. Capital Access PlatformsSELL5,093$92.62$471.7K
Apr 28, 2026Peterson Bradley JEVP, CIOSELL7,710$90.82$700.2K
Apr 24, 2026Daly Michelle LynnSVP, Controller & PAOSELL1,194$88.82$106.1K
Apr 3, 2026Daly Michelle LynnSVP, Controller & PAOF424$86.65$36.7K
Apr 3, 2026FRIEDMAN ADENA TChair and CEOF8,075$86.65$699.7K
Apr 3, 2026Peterson Bradley JEVP, CIOF1,499$86.65$129.9K
Apr 3, 2026SKULE JEREMYEVP, CSOF1,017$86.65$88.1K
Apr 3, 2026Smith Bryan EverardEVP, CPOF813$86.65$70.4K
Apr 3, 2026Tal CohenPres. Market PlatformsF1,565$86.65$135.6K
Apr 3, 2026Zecca JohnEVP, Global CLOF780$86.65$67.6K
Apr 3, 2026Griggs PC NelsonPres. Capital Access PlatformsF1,565$86.65$135.6K
Apr 1, 2026Griggs PC NelsonPres. Capital Access PlatformsF3,308$84.89$280.8K
Apr 1, 2026Zecca JohnEVP, Global CLOA7,339$0.00$0.00
Apr 1, 2026Zecca JohnEVP, Global CLOF2,097$84.89$178.0K
Apr 1, 2026SKULE JEREMYEVP, CSOA7,633$0.00$0.00
Apr 1, 2026Griggs PC NelsonPres. Capital Access PlatformsA11,743$0.00$0.00
Apr 1, 2026SKULE JEREMYEVP, CSOF2,332$84.89$198.0K
Apr 1, 2026Daly Michelle LynnSVP, Controller & PAOA2,025$0.00$0.00
Apr 1, 2026Youngwood SarahEVP & CFOA15,267$0.00$0.00
Apr 1, 2026Peterson Bradley JEVP, CIOA8,103$0.00$0.00
Apr 1, 2026Smith Bryan EverardEVP, CPOA7,046$0.00$0.00
Apr 1, 2026Peterson Bradley JEVP, CIOF2,761$84.89$234.4K
Apr 1, 2026Daly Michelle LynnSVP, Controller & PAOF832$84.89$70.6K
Apr 1, 2026Tal CohenPres. Market PlatformsA15,267$0.00$0.00
Apr 1, 2026Tal CohenPres. Market PlatformsF11,141$84.89$945.8K
Apr 1, 2026Smith Bryan EverardEVP, CPOF2,149$84.89$182.4K
Apr 1, 2026FRIEDMAN ADENA TChair and CEOM113,611$22.22$2.5M
Apr 1, 2026FRIEDMAN ADENA TChair and CEOA39,929$0.00$0.00
Apr 1, 2026FRIEDMAN ADENA TChair and CEOM113,611$0.00$0.00
Apr 1, 2026FRIEDMAN ADENA TChair and CEOF13,739$84.89$1.2M
Apr 1, 2026FRIEDMAN ADENA TChair and CEOSELL113,611$85.44$9.7M
Mar 11, 2026FRIEDMAN ADENA TChair and CEOG56,786$0.00$0.00
Mar 6, 2026FRIEDMAN ADENA TChair and CEOM92,840$22.22$2.1M
Mar 6, 2026FRIEDMAN ADENA TChair and CEOSELL92,840$90.08$8.4M
Mar 6, 2026FRIEDMAN ADENA TChair and CEOM92,840$0.00$0.00
Mar 2, 2026Smith Bryan EverardEVP, CPOSELL6,000$87.24$523.4K
Feb 19, 2026Daly Michelle LynnSVP, Controller & PAOSELL4,339$81.34$352.9K
Feb 13, 2026INVESTOR AB10%+ OwnerBUY200,000$79.18$15.8M
Feb 12, 2026FRIEDMAN ADENA TChair and CEOA228,455$0.00$0.00
Feb 12, 2026FRIEDMAN ADENA TChair and CEOF115,775$80.42$9.3M
Feb 11, 2026Peterson Bradley JEVP, CIOF19,740$82.51$1.6M
Feb 11, 2026Peterson Bradley JEVP, CIOA43,932$0.00$0.00
Feb 11, 2026Tal CohenPres. Market PlatformsF20,674$82.51$1.7M
Feb 11, 2026Tal CohenPres. Market PlatformsA43,932$0.00$0.00
Feb 11, 2026Zecca JohnEVP, Global CLOF9,430$82.51$778.1K
Feb 11, 2026Zecca JohnEVP, Global CLOA24,602$0.00$0.00
Feb 11, 2026Daly Michelle LynnSVP, Controller & PAOF2,580$82.51$212.9K
Feb 11, 2026Daly Michelle LynnSVP, Controller & PAOA6,919$0.00$0.00
Feb 11, 2026Griggs PC NelsonPres. Capital Access PlatformsF20,674$82.51$1.7M
Feb 11, 2026Griggs PC NelsonPres. Capital Access PlatformsA43,932$0.00$0.00
Current analyst consensus: Strong Buy (88% buy). Based on 24 analysts: 6 strong buy, 15 buy, 3 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$106.47 mean target +18.4% upside Buy (1.71)
$82.00 Low $120.00 High
MetricValue
Current Price$89.95
Target Low$82.00
Target Mean$106.47
Target Median$109.00
Target High$120.00
# Analysts15
RecommendationBuy (1.71)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.95 $0.90 $0.99 11.4% -1.7% 4↑ 8↓ $1.4B 9.1% 14
Next Q
2026-09-30
$0.98 $0.95 $1.03 11.9% +0.5% 6↑ 5↓ $1.4B 8.9% 14
Current FY
2026-12-31
$3.93 $3.84 $4.03 13.1% +0.8% 8↑ 7↓ $5.8B 9.7% 16
Next FY
2027-12-31
$4.43 $4.32 $4.58 12.6% +0.8% 10↑ 6↓ $6.2B 8.4% 16

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.947
7d ago$0.945+0.001
30d ago$0.964-0.017
60d ago$0.961-0.015
90d ago$0.958-0.011
7 analyst firms have rated this stock: 1 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Apr 24, 2026 Keefe, Bruyette & Woods MAINTAIN Market Perform Market Perform
Apr 13, 2026 Barclays MAINTAIN Overweight Overweight
Apr 8, 2026 Barclays MAINTAIN Overweight Overweight
Feb 26, 2026 TD Cowen UPGRADE Hold Buy
Jan 30, 2026 JP Morgan MAINTAIN Overweight Overweight
Jan 30, 2026 TD Cowen MAINTAIN Hold Hold
Jan 30, 2026 Morgan Stanley MAINTAIN Overweight Overweight
Jan 30, 2026 RBC Capital REITERATE Outperform Outperform
Jan 30, 2026 Barclays MAINTAIN Overweight Overweight
Jan 15, 2026 Morgan Stanley MAINTAIN Overweight Overweight
Jan 14, 2026 TD Cowen MAINTAIN Hold Hold
Jan 12, 2026 UBS MAINTAIN Buy Buy
Jan 12, 2026 JP Morgan MAINTAIN Overweight Overweight
Jan 8, 2026 Barclays MAINTAIN Overweight Overweight
Dec 22, 2025 Morgan Stanley MAINTAIN Overweight Overweight
Dec 12, 2025 Barclays MAINTAIN Overweight Overweight

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
May 1, 202661530088%
Apr 1, 202661520091%
Mar 1, 202661520091%
Feb 1, 202661430087%
Jan 1, 202661430087%
Strong BuyBuyHoldSellStrong Sell
2 members of Congress traded this stock: 3 buys, 2 sells.

Congressional Trades

DateMemberPartyChamberTypeAmountAssetDisclosed
Apr 24, 2026April McClain DelaneyDHOUSEBUY$1,001 - $15,000Nasdaq IncMay 7, 2026 (14d)
Apr 22, 2026Ro KhannaDHOUSESELL$1,001 - $15,000Nasdaq IncMay 13, 2026 (22d)
Apr 13, 2026Ro KhannaDHOUSEBUY$1,001 - $15,000Nasdaq IncMay 13, 2026 (31d)
Mar 24, 2026Ro KhannaDHOUSESELL$1,001 - $15,000Nasdaq IncApr 9, 2026 (17d)
Feb 27, 2026April McClain DelaneyDHOUSEBUY$1,001 - $15,000Nasdaq IncMar 11, 2026 (13d)
57°
Neutral
Bearish Neutral Bullish
3 mentions 2 bullish 1 bearish 2 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
Feb 26, 2026267° Warm202
Feb 16, 2026140° Cool011

Recent Reddit Threads

r/pennystocks Bearish 3mo ago
Monday earnings red flags & some additional info
▲ 2 💬 1 ⚡ 0.0
r/wallstreetbets Bullish 2mo ago
Stock Analysis: CBOE, CME, ICE, NDAQ, VIRT, IBKR
▲ 0 💬 4
May 19, 2026
short_volume
Short Volume: NDAQ — 61.7% short (0.6M / 0.9M)
Short: 562,594 | Exempt: 1,232 | TRF Vol: 912,078 | Short Ratio: 61.7% | Off-exchange volume (dark pool + OTC)
May 9, 2026
other
Lumentum Holdings Inc. to Join the Nasdaq-100 Index® Beginning May 18, 2026
<p align="start">NEW YORK, May 08, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Lumentum Holdings Inc. (Nasdaq: LITE) will be
Apr 29, 2026
other
Nasdaq to Match Federal Contribution to Trump Accounts for Employees’ Children
<p>NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Nasdaq announced today that, on behalf of the newborn children of its U.S. employees, it will match
Apr 27, 2026
dark_pool
Dark Pool: NDAQ — 3.7M shares, 80,137 trades
Week starting 2026-04-27. Total ATS volume: 3,707,014 shares across 80,137 trades.
Apr 24, 2026
other
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date April 15, 2026
<p align="justify">NEW YORK, April 24, 2026 (GLOBE NEWSWIRE) -- At the end of the settlement date of April 15, 2026, short interest in 3,689 Nasdaq
Apr 23, 2026
dividend
Nasdaq Announces Increase in Quarterly Dividend to $0.31 Per Share
<p align="left">NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly
Apr 23, 2026
earnings
Nasdaq Reports First Quarter 2026 Results; Strong Execution Drives Double-Digit Net Revenue Growth Across All Divisions
<p align="left">NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the first quarter of 2
Apr 23, 2026
earnings_calendar
NDAQ Q1 2026 Earnings Scheduled — 2026-04-23
Apr 21, 2026
short_volume
Short Volume: NDAQ — 57.3% short (0.4M / 0.7M)
Short: 424,225 | Exempt: 519 | TRF Vol: 740,853 | Short Ratio: 57.3% | Off-exchange volume (dark pool + OTC)
Apr 20, 2026
dark_pool
Dark Pool: NDAQ — 5.4M shares, 100,066 trades
Week starting 2026-04-20. Total ATS volume: 5,362,889 shares across 100,066 trades.
Apr 17, 2026
short_volume
Short Volume: NDAQ — 63.6% short (0.7M / 1.0M)
Short: 651,271 | Exempt: 0 | TRF Vol: 1,023,644 | Short Ratio: 63.6% | Off-exchange volume (dark pool + OTC)
Apr 16, 2026
short_volume
Short Volume: NDAQ — 66.1% short (0.7M / 1.1M)
Short: 725,513 | Exempt: 210 | TRF Vol: 1,096,792 | Short Ratio: 66.1% | Off-exchange volume (dark pool + OTC)
Apr 15, 2026
short_volume
Short Volume: NDAQ — 59.2% short (0.7M / 1.2M)
Short: 738,372 | Exempt: 650 | TRF Vol: 1,246,304 | Short Ratio: 59.2% | Off-exchange volume (dark pool + OTC)
Apr 13, 2026
dark_pool
Dark Pool: NDAQ — 4.4M shares, 84,003 trades
Week starting 2026-04-13. Total ATS volume: 4,357,493 shares across 84,003 trades.
Apr 11, 2026
other
Sandisk Corporation to Join the Nasdaq-100 Index® Beginning April 20, 2026
<p align="justify">NEW YORK, April 10, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Sandisk Corporation (Nasdaq: SNDK) will b