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NDAQ Nasdaq (NDAQ) Insider Trading, Ownership & Congress Trades

Financial Services · Security & commodity brokers, dealers, exchanges & services · CIK 0001120193
Quote by TradingView
Congress · 1Form 144 · 11
Funds added, last quarter
536
13F, latest reported quarter

What the filings say about NDAQ

Insiders, 180 days
-$1.7M net sold
1 buyer · 4 sellers · 24% of sales under a 10b5-1 plan
Congress, 1 year
1 bought · 1 sold
Latest: sale, 2026-08-25
Planned sales (Form 144), 90 days
$4.2M
11 notices

Nasdaq insider trades (Form 4)

Form 4 buys and sells (codes P and S). Grants, option exercises and conversions excluded.

Over the last 180 days, NASDAQ, INC. insiders sold a net $1.7M of stock across 125 Form 4 purchases and sales, with 1 insider buying. Source: SEC Form 4 filings, as of 2026-10-27.

Insider
Filed
Shares
Value
Since filing
Tal Cohen
Pres. Market Platforms
SELL
2026-10-27 SECtraded 2026-10-23
10,390
$1.1M
n/a
Context
  • 4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on Apr 27, 2026.
  • The trade is 5.1% of the 205,076 shares held after it.
  • 2 other insiders sold within 30 days.
  • 536 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Pres. Market Platforms Tal Cohen sold about $1.1M of NDAQ on Oct 23, 2026; 2 other insiders sold within 30 days and 536 funds added in the latest 13F quarter.
Peterson Bradley J
EVP, CIO
SELL
2026-10-27 SECtraded 2026-10-23
4,000
$413.5K
n/a
Context
  • 14 earlier Form 4 trades (code P or S) here by this insider (14 sales), the last on Aug 7, 2026.
  • The trade is 3.4% of the 118,293 shares held after it.
  • 2 other insiders sold within 30 days.
  • 536 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, CIO Peterson Bradley J sold about $413.5K of NDAQ on Oct 23, 2026; 2 other insiders sold within 30 days and 536 funds added in the latest 13F quarter.
SKULE JEREMY
EVP, CSO
SELL
2026-10-22 SECtraded 2026-10-20
1,125
$106.9K
n/a
Context
  • 32 earlier Form 4 trades (code P or S) here by this insider (32 sales), the last on Oct 12, 2026.
  • The trade is 1.2% of the 96,561 shares held after it.
  • 2 other insiders sold within 30 days.
  • 536 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, CSO SKULE JEREMY sold about $106.9K of NDAQ under a 10b5-1 plan on Oct 20, 2026; 2 other insiders sold within 30 days and 536 funds added in the latest 13F quarter.
SKULE JEREMY
EVP, CSO
SELL
2026-10-14 SECtraded 2026-10-12
1,125
$105.9K
+9.7%
Context
  • 31 earlier Form 4 trades (code P or S) here by this insider (31 sales), the last on Sep 22, 2026.
  • The trade is 1.2% of the 97,686 shares held after it.
  • 2 other insiders sold within 30 days.
  • 536 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, CSO SKULE JEREMY sold about $105.9K of NDAQ under a 10b5-1 plan on Oct 12, 2026; 2 other insiders sold within 30 days and 536 funds added in the latest 13F quarter.
SKULE JEREMY
EVP, CSO
SELL
2026-09-24 SECtraded 2026-09-22
1,125
$106.9K
+9.6%
Context
  • 30 earlier Form 4 trades (code P or S) here by this insider (30 sales), the last on Sep 10, 2026.
  • The trade is 1.1% of the 100,073 shares held after it.
  • No other insider sold within 30 days.
  • 536 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, CSO SKULE JEREMY sold about $106.9K of NDAQ under a 10b5-1 plan on Sep 22, 2026; 536 funds added in the latest 13F quarter.
125 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
See all insider buying · insider selling
Showing the latest few. to see 120 more transactions and use the screener and CSV export. We store only your email; there is no password.
Seven facts, ranked against the sector · Rank is not a forecast
Insiders
net -$1.7M over 180 days
-$2.7M over 90 days · +$4.9M of it by a 10%+ holder
below 56% of Financial Services
Congress
1 member bought in the last year
the lowest in Financial Services
Funds
536 funds bought in last quarter
more than 94% of Financial Services
Revenue
+11.6% year over year
more than 53% of Financial Services
Margin
21.6% net margin
more than 72% of Financial Services
Buybacks
$1.2B repurchased, FY to 2026-09-30
more than 93% of Financial Services
Short interest
1.6% of the float short (float per yahoo 2026-10-26) · 2.1 days to cover · settled 2026-09-30
below 57% of Financial Services
What changed in the last 30 days
Oct 27Pres. Market Platforms Tal Cohen sold $1.1M (Oct 23)
Oct 27EVP, CIO Peterson Bradley J sold $413.5K (Oct 23)
Oct 23Officer TAL COHEN filed to sell $1.1M by Oct 23 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Oct 23Officer BRADLEY J PETERSON filed to sell $413.5K by Oct 23 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Oct 22EVP, CSO SKULE JEREMY sold $212.8K under a 10b5-1 plan (2 trades, Oct 12 to Oct 20)
Why it matters
A 10b5-1 plan schedules trades months ahead, so this says little about what the insider thinks today.

Watch NDAQ

A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.

The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+18.5%12M
-11%-1%+9%+19%2025-102025-122026-022026-042026-062026-082026-10 2026-02-02 · FRIEDMAN ADENA T sold $29.1M2026-01-02 · FRIEDMAN ADENA T sold $28.9M2026-02-13 · INVESTOR AB bought $15.8M2026-04-01 · FRIEDMAN ADENA T sold $9.7M2026-03-06 · FRIEDMAN ADENA T sold $8.4M2026-06-11 · INVESTOR AB bought $4.9M2026-04-27 · Tal Cohen sold $1.4M2026-07-24 · Peterson Bradley J sold $1.2M2026-10-23 · Tal Cohen sold $1.1M2026-07-29 · Griggs PC Nelson sold $1.1M2026-07-27 · Griggs PC Nelson sold $1.0M2026-02-17 · Torgeby Johan bought $958.3K2026-04-28 · Peterson Bradley J sold $700.2K2026-07-24 · Griggs PC Nelson sold $627.1K2026-08-07 · Peterson Bradley J sold $573.3K2026-03-02 · Smith Bryan Everard sold $523.4K2026-05-18 · Griggs PC Nelson sold $471.7K2026-01-06 · Zecca John sold $450.0K2025-12-01 · Smith Bryan Everard sold $419.6K2026-10-23 · Peterson Bradley J sold $413.5K2026-02-19 · Daly Michelle Lynn sold $352.9K2026-08-10 · Griggs PC Nelson sold $310.2K2026-06-11 · Smith Bryan Everard sold $260.7K2026-07-01 · Smith Bryan Everard sold $240.0K2026-08-10 · SKULE JEREMY sold $213.2K2025-12-01 · SKULE JEREMY sold $190.6K2025-11-03 · SKULE JEREMY sold $179.8K2026-08-03 · Smith Bryan Everard sold $147.9K2026-09-22 · SKULE JEREMY sold $106.9K2026-10-20 · SKULE JEREMY sold $106.9K2026-04-24 · Daly Michelle Lynn sold $106.1K2026-09-10 · SKULE JEREMY sold $106.0K2026-10-12 · SKULE JEREMY sold $105.9K2026-04-24 · Daly Michelle Lynn sold $11.5K2026-10-23 · BRADLEY J PETERSON filed to sell $413.5K2026-10-23 · TAL COHEN filed to sell $1.1M2026-10-20 · JEREMY SKULE filed to sell $106.9K2026-10-13 · JEREMY SKULE filed to sell $105.9K2026-09-22 · JEREMY SKULE filed to sell $106.9K2026-09-10 · JEREMY SKULE filed to sell $106.0K2026-08-10 · P C GRIGGS filed to sell $310.2K2026-08-10 · JEREMY SKULE filed to sell $213.2K2026-08-07 · BRADLEY J PETERSON filed to sell $573.3K2026-08-03 · BRYAN SMITH filed to sell $147.9K2026-07-29 · P C GRIGGS filed to sell $1.1M2026-07-27 · P C GRIGGS filed to sell $1.0M2026-07-24 · P C GRIGGS filed to sell $627.1K2026-07-24 · BRADLEY J PETERSON filed to sell $1.2M2026-07-01 · BRYAN SMITH filed to sell $240.0K
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart. When a name files heavily, the largest trades are drawn first.

Who owns NDAQ: institutional holders (13F)

13F holdings, latest reported quarter
INVESTOR AB
58,439,208 sh
$4.6B
BlackRock, Inc.
37,194,072 sh
$2.9B
VANGUARD CAPITAL MANAGEMENT LLC
31,225,614 sh
$2.5B
WELLINGTON MANAGEMENT GROUP LLP
30,332,286 sh
$2.4B
VANGUARD PORTFOLIO MANAGEMENT LLC
26,091,520 sh
$2.1B

Congress trades in NDAQ

STOCK Act disclosures, US House only, filed up to 45 days after the trade
April McClain Delaney
Sold 2026-08-25 · disclosed 15 days later
$100,001 - $250,000
April McClain Delaney
Bought 2026-04-24 · disclosed 12 days later
$1,001 - $15,000
April McClain Delaney
Bought 2026-03-31 · disclosed 6 days later
$1,001 - $15,000
April McClain Delaney
Bought 2026-03-18 · disclosed 19 days later
$1,001 - $15,000
April McClain Delaney
Bought 2026-03-10 · disclosed 27 days later
$1,001 - $15,000
All stocks members of Congress are buying · Every member's trades

Activist and 5% holders (13D/13G)

No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.

NDAQ planned insider sales (Form 144)

Notice of intent to sell, filed before any sale
BRADLEY J PETERSON
Filed 2026-10-23
$413.5K
TAL COHEN
Filed 2026-10-23
$1.1M
JEREMY SKULE
Filed 2026-10-20
$106.9K
JEREMY SKULE
Filed 2026-10-13
$105.9K
JEREMY SKULE
Filed 2026-09-22
$106.9K

NDAQ mutual fund holders (N-PORT)

Funds ranked by the share of their own portfolio in this stock (N-PORT).
Invesco Bloomberg Financial Data Providers ETF
$2.4M position · as of 2026-05-31
4.8%
Horizon Kinetics Blockchain Development ETF
$978.3K position · as of 2026-06-30
4.5%
iShares U.S. Broker-Dealers & Securities Exchanges ETF
$44.8M position · as of 2026-06-30
3.4%
Guinness Atkinson Global Innovators Fund
$6.1M position · as of 2026-06-30
3.1%
Fundamental Large Cap Value Trust
$25.1M position · as of 2026-06-30
3.0%
Fundamental Large Cap Core Fund
$181.0M position · as of 2026-07-31
3.0%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M · % is the share of the fund's own portfolio
Corporate PAC
The company's PAC: committee totals only, never individual donors (FEC).
Nasdaq, Inc. Pac (Nasdaq Pac)
Cycle 2026 · $181K spent
$154.8K
Federal Election Commission, matched by the PAC's connected organisation
Executive pay vs shareholder return · Adena T. Friedman
CEO pay, headline and as actually paid, against the company's return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$25.0M
$59.1M
$10.4M
+135%
+97%
2024
$21.5M
$51.1M
$5.9M
+85%
+79%
2023
$18.5M
$9.8M
$6.5M
+37%
+39%
2022
$28.0M
$25.9M
$6.4M
+42%
+21%
2021
$20.0M
$69.0M
$3.4M
+60%
+36%
Tagged by the company under SEC Item 402(v). Returns are cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $1.7M sold by insiders over 180 days, 536 funds added last quarter, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $4.2M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector by SEC SIC code
MSTRCOINMORNUPSTIBKRCACCARESHOODRKTSCHWGSDAVE

NDAQ financials

Revenue growth
+11.6%
XBRL, annual
Net margin
21.6%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$9.1B
four quarters, 2025-10-01 to 2026-09-30
Net margin, TTM
+22.8%
net income over revenue, 2025-10-01 to 2026-09-30
Free cash flow, TTM
$2.3B
operating cash flow minus capex, 2025-10-01 to 2026-09-30
Debt to equity
0.73x
long-term 2026-09-30 plus current 2026-09-30; equity 2026-09-30
Cash flow to debt
0.29x
TTM operating cash flow over long-term 2026-09-30 plus current 2026-09-30
Return on equity
+17.4%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on assets
+7.2%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on invested capital
+10.7%
operating income after a 20.2% effective tax rate, over long-term 2026-09-30 plus current 2026-09-30 plus average of 2025-09-30 and 2026-09-30 minus cash
Return on capital employed
+11.9%
operating income (EBIT proxy) over average of 2025-09-30 and 2026-09-30 minus current liabilities
P/E, trailing
28.02x
close 2026-10-23 over four quarters of diluted EPS, 2025-10-01 to 2026-09-30
Enterprise value
$65.3B
market value at close 2026-10-23 on 2026-10-16 shares, plus long-term 2026-09-30 plus current 2026-09-30, minus cash 2026-09-30
FCF yield
+4.0%
TTM free cash flow over market value at close 2026-10-23
PEG, trailing
0.91x
P/E over trailing EPS growth of 31%: four quarters to 2026-09-30 against the four to 2025-09-30
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
2025-122024-122023-122022-12
Revenue$8.3B$7.4B$6.1B$6.2B
Gross profit$5.2B$4.6B$3.9B$3.6B
Operating income$2.3B$1.8B$1.6B$1.6B
Net income$1.8B$1.1B$1.1B$1.1B
EPS (diluted)3.091.932.082.26
Operating cash flow$2.3B$1.9B$1.7B$1.7B
Cash$604.0M$592.0M$453.0M$502.0M
Long-term debt$8.6B$9.1B$10.2B$4.7B
Buybacks$616.0M$145.0M$269.0M$308.0M
Dividends paid$601.0M$541.0M$441.0M$383.0M
SEC XBRL, fiscal years, as known on 2026-10-27

NDAQ Stock Sonar score 6/7 axes

Find similar shapesCompare

NDAQ ranks highest on institutional and government (75th percentile) and profitability (66th), and lowest on insider conviction (52nd), among Financial Services peers.

ProfitHealthGrowthInsidersInstitutionsRisk
Profitability
66
Inputs
  • Return on equity+17.4% · 69 pct, sector of 205
  • Return on assets+7.2% · 77 pct, sector of 266
  • Return on invested capital+10.7% · 31 pct, sector of 30
  • Return on capital employed+11.9% · 87 pct, sector of 88
Financial health
52
Inputs
  • Debt to equity0.73x · 36 pct, sector of 181
  • Cash flow to debt0.29x · 68 pct, sector of 141
Growth
58
Inputs
  • Revenue growth, YoY+11.6% · 53 pct, sector of 245
  • Backlog growth, YoY+13.1% · 64 pct, universe of 854
Insider conviction
52
Inputs
  • Net Form 4 buying (codes P and S), 180d-$1.3M · 47 pct, sector of 161
  • Insider buyers, 180d1 · 57 pct, sector of 165
Institutional and government
75
Inputs
  • Funds adding, latest quarter536 · 94 pct, sector of 278
  • Congress net buyers, 365d0 · 37 pct, sector of 31
  • Federal contracts, 180dno federal contracts in 180 days
  • Lobbying spend, 4 quarters$4.2M · 95 pct, sector of 40
Risk and compliance
60
Inputs
  • Short interest, % of float+1.6% · 66 pct, sector of 390
  • Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
  • EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
  • New text in Risk Factors, latest 10-K+11.2% · 55 pct, sector of 175
1 not measured: US patents
  • US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet

6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored

NDAQ filings, in plain words

Are Nasdaq insiders buying or selling NDAQ?

In the 180 days to 2026-10-27, Nasdaq insiders were net sellers, a net $1.7M: $4.9M of purchases and $6.6M of sales reported on Form 4, by 1 buyer and 4 sellers.

Have members of Congress traded NDAQ?

Yes. In the year to 2026-10-27, 1 House member disclosed buying NDAQ and 1 House member disclosed selling it; the latest on record is a sale by April McClain Delaney dated 2026-08-25.

Are there planned insider sales of NDAQ?

Yes. 11 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $4.2M of stock; the latest, by BRADLEY J PETERSON, was filed 2026-10-23.

Read the full summary

In the 180 days to 2026-10-27, Nasdaq insiders were net sellers of NDAQ, a net $1.7M across purchases and sales reported on Form 4 by 1 buyer and 4 sellers. Most of that figure, $4.9M, came from a holder of 10% or more rather than an officer or director. 24% of the 17 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. In the year to 2026-10-27, 1 member of Congress disclosed buying NDAQ and 1 member disclosed selling it; the latest on record is a sale by April McClain Delaney dated 2026-08-25. Insiders filed 11 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $4.2M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.

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