Nasdaq Inc (NASDAQ: NDAQ) is 9.32% higher on its value in year-to-date trading and has touched a low of $46.88 and a high of $63.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NDAQ stock was last observed hovering at around $62.14 in the last trading session, with the day’s gains setting it 1.42%.
Currently trading at $63.56, the stock is 3.80% and 8.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.49 million and changing 2.29% at the moment leaves the stock 18.13% off its SMA200. NDAQ registered 15.77% gain for a year compared to 6-month gain of 28.12%. The firm has a 50-day simple moving average (SMA 50) of $7.72 and a 200-day simple moving average (SMA200) of $23.46.
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The stock witnessed a 5.92% loss in the last 1 month and extending the period to 3 months gives it a 12.08%, and is 3.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 1.93% over the month.
Nasdaq Inc (NDAQ) has around 8525 employees, a market worth around $36.60B and $6.07B in sales. Current P/E ratio is 30.21 and Fwd P/E is 20.25. Profit margin for the company is 17.48%. Distance from 52-week low is 35.58% and 0.06% from its 52-week high. The company has generated returns on investments over the last 12 months (4.95%).
Nasdaq Inc quarterly earnings per share for the current quarter are estimated at $0.65 with sales reaching $1.11B over the same period.The EPS is expected to shrink by -1.41% this year, but quarterly earnings will post 19.00% year-over-year. Quarterly sales are estimated to grow 22.00% in year-over-year returns.
Nasdaq Inc (NDAQ) Top Institutional Holders
1,068 institutions hold shares in Nasdaq Inc (NDAQ), with institutional investors hold 86.98% of the company’s shares. The shares outstanding are 575.16M, and float is at 383.39M with Short Float at 0.90%. Institutions hold 77.64% of the Float.
The top institutional shareholder in the company is Investor AB with over 58.18 million shares valued at $2.9 billion. The investor’s holdings represent 11.84% of the NDAQ Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 44.66 million shares valued at $2.23 billion to account for 9.09% of the shares outstanding. The other top investors are Blackrock Inc. which holds 30.15 million shares representing 6.14% and valued at over $1.5 billion, while Massachusetts Financial Services Co. holds 5.77% of the shares totaling 28.36 million with a market value of $1.41 billion.
Nasdaq Inc (NDAQ) Insider Activity
The most recent transaction is an insider sale by Smith Bryan Everard,the company’sExecutive Vice President. SEC filings show that Smith Bryan Everard sold 7,400 shares of the company’s common stock on Apr 01 ’24 at a price of $62.91 per share for a total of $0.47 million. Following the sale, the insider now owns 61672.0 shares.
Nasdaq Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Borse Dubai LTD (10% Owner) sold a total of 31,000,000 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $58.00 per share for $1.8 billion. Following the transaction, the insider now directly holds 58.34 million shares of the NDAQ stock.
Still, SEC filings show that on Mar 01 ’24, Smith Bryan Everard (Executive Vice President) disposed off 2,064 shares at an average price of $56.29 for $0.12 million. The insider now directly holds 63,528 shares of Nasdaq Inc (NDAQ).
