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: 9,162
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
110% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 67
20% more repeat investments, than reductions
Existing positions increased: 329 | Existing positions reduced: 275
7% more capital invested
Capital invested by funds: $34.4B [Q3] → $36.9B (+$2.47B) [Q4]
6% more funds holding
Funds holding: 827 [Q3] → 879 (+52) [Q4]
0.88% more ownership
Funds ownership: 82.05% [Q3] → 82.93% (+0.88%) [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
Barclays Benjamin Budish 61% 1-year accuracy 81 / 132 met price target | 19%upside $86 | Overweight Maintained | 14 Apr 2025 |
Oppenheimer Owen Lau 42% 1-year accuracy 19 / 45 met price target | 18%upside $85 | Outperform Maintained | 11 Apr 2025 |
RBC Capital Ashish Sabadra 49% 1-year accuracy 26 / 53 met price target | 32%upside $95 | Outperform Reiterated | 10 Apr 2025 |
Citigroup Christopher Allen 60% 1-year accuracy 12 / 20 met price target | 4%upside $75 | Neutral Maintained | 8 Apr 2025 |
Piper Sandler Richard Repetto 100% 1-year accuracy 3 / 3 met price target | 15%upside $83 | Overweight Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 15 articles about NDAQ published over the past 30 days









