Executive Vice President Brian Smith sold 7,400 shares of Nasdaq Inc. (NASDAQ:NDAQ) stock on April 1, 2024, according to a recent SEC filing. This transaction was executed at a price of $62.91 per share and the total sale amount was $465,534.
Over the past year, insiders have sold a total of 9,464 shares of Nasdaq Inc. (NASDAQ:NDAQ) stock, but did not buy any shares. The company's insider trading history over the past 12 months shows a higher number of insider sales (6) compared to insider purchases (4).
Nasdaq Inc (NASDAQ:NDAQ), with a market capitalization of $35.47 billion, is a global technology company serving the capital markets and other industries. Its diverse services include trading, clearing, exchange technology, regulation, securities listing, information and public company services.
The company's price-to-earnings ratio of 29.18x is higher than the industry median of 18.255x and also higher than the Nasdaq's historical median price-to-earnings ratio. This valuation metric suggests a premium compared to the industry and the company's own trading history.
In terms of valuation, Nasdaq Inc. (NASDAQ:NDAQ) was trading at $62.91 on the day of the insider sale, with GuruFocus Value at $52.89. This results in a price to GF Value ratio of 1.19, indicating that the stock is considered to be moderately overvalued according to GuruFocus' His GF Value Index.
GF Value is calculated based on historical trading multiples, GuruFocus adjustment factors related to the company's past performance, and future performance estimates provided by Morningstar analysts.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
