NDAQ NASDAQ, INC.

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed Apr 24, 2026 Processed 1mo ago
Insider cluster: 2 insiders, $806K total
Latest settled — T+20d
NDAQ ▲ +1.63% at T+20d
NEUTRAL call ✓ call won +1.63% · α vs SPY -3.63% · entry $91.32 → $92.81
Next anchor: T+60d in 6w
Currently $88.98 · -2.56% from $91.32 entry
Entry anchored
Apr 30, 2026
via day open
T+1d
-0.02%
call -0.02% · α +0.32%
$91.30
settled 6w ago
T+5d
-2.64%
call -2.64% · α -4.99%
$88.91
settled 5w ago
T+20d
+1.63%
call +1.63% · α -3.63%
$92.81
settled 15d ago
T+60d
call — · α —
in 6w

Price Chart

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Executive Summary

Two Nasdaq insiders, including the EVP & CIO, sold a combined $806K in open-market sales within a week of the company's strong Q1 2026 earnings report. While the dollar amount is negligible relative to Nasdaq's $51.6B market cap (0.002%), the timing—immediately after a 14% revenue beat and 33% EPS growth—suggests routine post-earnings portfolio diversification rather than a bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$806.3K
Insiders
2

Actionable Insight

The insider sales are routine and immaterial in size. The strong Q1 earnings report (14% revenue growth, 33% EPS growth) is the dominant signal. Monitor for any material increase in insider selling volume or a change in pattern (e.g., CEO/CFO selling) before reading bearish intent.

Key Facts

  • EVP & CIO Bradley Peterson sold 7,710 shares at $90.82 for $700K on April 28
  • SVP & Controller Lynn Daly sold 1,194 shares at $88.82 for $106K on April 24
  • Total insider sales of $806K represent 0.002% of Nasdaq's $51.6B market cap
  • Sales occurred 1-4 days after Nasdaq reported Q1 2026 revenue up 14% YoY and GAAP EPS up 33% to $0.91
  • No insider purchases were made in the cluster window

Financial Impact

Insider sales of $806K, immaterial relative to $51.6B market cap

insider holdings

Risk Factors

  • Insider selling could accelerate if Q2 2026 results disappoint
  • No insider buying to signal confidence at current valuation

Market Snapshot

Exchange
Nasdaq
Sector
Security & Commodity Brokers, Dealers, Exchanges & Services
Analyst Consensus
91% bullish (23 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-NDAQ-1777579235569
11 reports for NDAQ
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for NDAQ — sortable, filterable
Type Now
Jun 12, 2026
1d ago
Press Release
NEUTRAL ★ 2/10
$86.76 awaiting T+20awaiting T+20$88.98 (+2.56%)
Apr 24, 2026
7w ago
DEFA14A
NEUTRAL ★ 2/10
$90.43 $90.88▲ +0.50%▼ −4.46%$88.98 (−1.60%)
Apr 24, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$91.32 $92.81▲ +1.63%▼ −3.63%$88.98 (−2.56%)
Apr 23, 2026
7w ago
8-K
BULLISH ★ 8/10
$87.04 $90.01▲ +3.41%▼ −1.22%$88.98 (+2.23%)
Apr 23, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$87.04 $90.01▲ +3.41%▼ −1.22%$88.98 (+2.23%)
Apr 23, 2026
7w ago
Press Release
BULLISH ★ 8/10
$87.04 $90.01▲ +3.41%▼ −1.22%$88.98 (+2.23%)
Apr 8, 2026
9w ago
Press Release
NEUTRAL ★ 4/10
$84.21 $89.20▲ +5.93%▼ −1.64%$88.98 (+5.66%)
Apr 1, 2026
10w ago
Press Release
NEUTRAL ★ 3/10
$86.65 $91.91▲ +6.07%▼ −3.81%$88.98 (+2.69%)
Mar 23, 2026
11w ago
Press Release
NEUTRAL ★ 5/10
$86.40 $87.60▲ +1.39%▼ −6.03%$88.98 (+2.99%)
Mar 2, 2026
14w ago
Insider Cluster
NEUTRAL ★ 4/10
$87.81 $83.52▼ −4.89%▲ +3.05%$88.98 (+1.33%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (49h 38m)

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