NDAQ Nasdaq, Inc.

bullish track record → $92.52 +1.52 (+1.7%)
Mkt Cap $51B P/E 27.4 fwd 20.5 52wk $77.09 - $101.79 11d ago
Insider selling: $1,171,936 sold by 2 insiders (30d)
Est. revisions: -1.7% (1 up, 8 down in 30d)
Factor Model (net -1.4)

Factor Model

net -1.4 4.0 / 10
Est. Revisions
-0.1
Insider Activity
+0.0
Momentum
+0.1
Analyst Rev.
-0.9
Narrative Gap
+0.0

SEC to Launch Tokenized Stock Trading Framework

Watch: Monitor the SEC's framework rollout and Nasdaq's product launch timing as catalysts for market legitimacy and adoption of tokenized stocks.

The SEC is launching an innovation exemption to facilitate tokenized stock trading, expected in the week of May 19, 2026. Nasdaq is crafting a blockchain-based share framework preserving traditional ownership rights. The Depository Trust & Clearing Corporation will commence limited tokenized asset trades in July 2026 and a full launch in October 2026.

The new regulatory framework and Nasdaq’s blockchain approach enable early entry into tokenized stocks, presenting a growth avenue beyond traditional exchanges.

Evidence

37d ago Keefe, Bruyette & Woods main NDAQ: Market Perform → Market Perform
48d ago Barclays main NDAQ: Overweight → Overweight
48d ago Insider sell by ARGUS SELLER, LP (NDAQ): $2,764,295,688
48d ago Insider sell by FRIEDMAN ADENA T (NDAQ): $28,917,000
48d ago Insider sell by FRIEDMAN ADENA T (NDAQ): $29,073,000
48d ago Insider buy by INVESTOR AB (NDAQ): $15,835,040
48d ago Insider buy by TORGEBY JOHAN (NDAQ): $958,320
7 older signals
Fundamentals & Data ▾
Nasdaq, Inc. Financial Services · Financial Data & Stock Exchanges
Mkt Cap
$51B
P/E
27.4 fwd 20.5
Beta
0.99
Div Yield
123.00%
52w Range
$77.09 - $101.79
Short Interest
7.7M 1.99%
Days to Cover
2.4 +5%
Technicals mixed
vs 20d MA
+2.2%
from 52w Hi
-0.1%
Vol (20d)
16%
1w return
+2.3%
1m return
+1.4%
Vol ratio
1.0x
Insiders
selling 0B / 8S
Analysts
mixed
EPS Estimate
$0.95 -1.7% 30d 1up / 8dn
Est. Dispersion
10% 14 analysts
Analyst Target
$106 $82 - $120
Options P/C
0.09
Insider Cluster
strong sell 0B / 2S
Fund Convergence
strong D.E. Shaw, Two Sigma, Citadel, Bridgewater
Financials
Revenue
$2.1B +2% YoY
FCF
$629M
Gross Margin
45%
Op Margin
31%
Momentum: decelerating
Top Holders
D.E. Shaw $3.7B
Two Sigma $90M
Citadel $85M
Bridgewater $11M
Recent Filings & Data
insider trade 2
net selling · $1,171,936 sold
2 insiders · 2 transactions (30d)
Recent transactions
PETERSON BRADLEY J. · sell · $700,222
GRIGGS P C NELSON · sell · $471,714
Track Record (1/1 correct) ▾

Direction History

1/1 correct at 5 days
2026-05-21 bullish +2.3%
15 signals · latest 11d ago

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