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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
52% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 82
33% more funds holding in top 10
Funds holding in top 10: 9 [Q4 2024] → 12 (+3) [Q1 2025]
32% more repeat investments, than reductions
Existing positions increased: 377 | Existing positions reduced: 285
24% more call options, than puts
Call options by funds: $111M | Put options by funds: $89.3M
3% more funds holding
Funds holding: 886 [Q4 2024] → 909 (+23) [Q1 2025]
0.4% more ownership
Funds ownership: 83.03% [Q4 2024] → 83.43% (+0.4%) [Q1 2025]
1% less capital invested
Capital invested by funds: $36.9B [Q4 2024] → $36.4B (-$514M) [Q1 2025]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Michael Cyprys | 12%downside $75 | Equal-Weight Maintained | 28 Apr 2025 |
Keefe, Bruyette & Woods Kyle Voigt | 3%upside $88 | Outperform Maintained | 25 Apr 2025 |
UBS Alex Kramm | 4%downside $82 | Neutral Maintained | 25 Apr 2025 |
Barclays Benjamin Budish | 2%downside $84 | Overweight Maintained | 25 Apr 2025 |
Oppenheimer Owen Lau | 1%downside $85 | Outperform Maintained | 11 Apr 2025 |
Financial journalist opinion
Based on 16 articles about NDAQ published over the past 30 days
