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 the firm seeks to become a diversified technology company.
Employees: 9,377
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
112% more first-time investments, than exits
New positions opened: 142 | Existing positions closed: 67
19% more repeat investments, than reductions
Existing positions increased: 329 | Existing positions reduced: 277
7% more capital invested
Capital invested by funds: $34.4B [Q3] → $36.9B (+$2.48B) [Q4]
7% more funds holding
Funds holding: 828 [Q3] → 882 (+54) [Q4]
0.91% more ownership
Funds ownership: 82.05% [Q3] → 82.96% (+0.91%) [Q4]
24% less call options, than puts
Call options by funds: $115M | Put options by funds: $151M
31% less funds holding in top 10
Funds holding in top 10: 13 [Q3] → 9 (-4) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Keefe, Bruyette & Woods Kyle Voigt 68% 1-year accuracy 21 / 31 met price target | 8%upside $88 | Outperform Maintained | 25 Apr 2025 |
UBS Alex Kramm 72% 1-year accuracy 13 / 18 met price target | 1%upside $82 | Neutral Maintained | 25 Apr 2025 |
Barclays Benjamin Budish 69% 1-year accuracy 92 / 134 met price target | 3%upside $84 | Overweight Maintained | 25 Apr 2025 |
Oppenheimer Owen Lau 72% 1-year accuracy 34 / 47 met price target | 4%upside $85 | Outperform Maintained | 11 Apr 2025 |
RBC Capital Ashish Sabadra 68% 1-year accuracy 36 / 53 met price target | 16%upside $95 | Outperform Reiterated | 10 Apr 2025 |
Financial journalist opinion
Based on 22 articles about NDAQ published over the past 30 days









