NasdaqNDAQ
About: Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.
Employees: 9,492
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
148% more first-time investments, than exits
New positions opened: 166 | Existing positions closed: 67
38% more repeat investments, than reductions
Existing positions increased: 407 | Existing positions reduced: 296
36% more call options, than puts
Call options by funds: $79.9M | Put options by funds: $58.6M
17% more capital invested
Capital invested by funds: $36.4B [Q1] → $42.6B (+$6.2B) [Q2]
9% more funds holding
Funds holding: 920 [Q1] → 1,000 (+80) [Q2]
8% more funds holding in top 10
Funds holding in top 10: 12 [Q1] → 13 (+1) [Q2]
0.37% less ownership
Funds ownership: 83.46% [Q1] → 83.09% (-0.37%) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Piper Sandler Richard Repetto | 10%upside $104 | Overweight Maintained | 4 Aug 2025 |
Barclays Benjamin Budish | 16%upside $109 | Overweight Maintained | 25 Jul 2025 |
RBC Capital Ashish Sabadra | 15%upside $108 | Outperform Maintained | 25 Jul 2025 |
Keefe, Bruyette & Woods Kyle Voigt | 10%upside $104 | Outperform Maintained | 25 Jul 2025 |
UBS Alex Kramm | 22%upside $115 | Buy Upgraded | 25 Jul 2025 |
Financial journalist opinion
Based on 11 articles about NDAQ published over the past 30 days
