How this company measures up on the fundamentals that matter
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries in the United States and internationally. It operates through three segments: Capital Access Platforms, Financial Technology, and Market Services. The company distributes historical and real-time market data; develops and licenses Nasdaq-branded indices and financial products; provides investor relations intelligence, governance solutions, and sustainability solution products for public and private companies, and organizations, as well as insights and workflow solutions; and operates listing platforms. It also offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; AxiomSL, a risk data management and regulatory reporting solution; cloud-enabled and on-premises surveillance solutions to assist in complying with market rules, regulations, and internal market surveillance policies; Calypso, a platform providing cross-asset, front-to-back trading, treasury, risk, and collateral management solutions; and trade management and colocation services, as well as handles assets comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies. In addition, the company provides equity derivative trading and clearing, cash equity trading and fixed income, currency and commodities trading, and fixed income trading and clearing services, as well as tape plan data services; operates various exchanges, including derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and offers clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
Five compliance checks based on AAOIFI standards — all must pass for ethical clearance
Trading near fair value at $89 (estimated $88). Moderate competitive position. Fails ethical screen (Business activity screen). Ranks better than 15% of screened stocks.
Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data
Trading characteristics and market positioning
Balance sheet strength and cash generation — the foundation of long-term value
SEC Form 4 filings — what company insiders are buying and selling
| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-18 | GRIGGS P C NELSON | Officer | 5,093 | $471,714 | |
| 2026-04-28 | PETERSON BRADLEY J. | Chief Technology Officer | 7,710 | $700,222 | |
| 2026-04-27 | TAL COHEN | Officer | 15,518 | $1,408,258 | |
| 2026-04-24 | DALY MICHELLE LYNN | Officer | 1,323 | $117,513 | |
| 2026-04-01 | FRIEDMAN ADENA T | Chief Executive Officer | 113,611 | $9,706,924 | |
| 2026-04-01 | TAL COHEN | Officer | 15,267 | — | |
| 2026-04-01 | ZECCA JOHN | Officer | 7,339 | — | |
| 2026-04-01 | SKULE JEREMY | Officer | 7,633 | — | |
| 2026-04-01 | YOUNGWOOD SARAH | Chief Financial Officer | 15,267 | — | |
| 2026-04-01 | SMITH BRYAN EVERARD | Officer | 7,046 | — |
Congressional trading disclosures involving this instrument
| Date | Politician | Party | Type | Amount |
|---|---|---|---|---|
| 2026-04-22 | Ro Khanna | Democrat | Sale | 1K–15K |
| 2026-04-13 | Ro Khanna | Democrat | Purchase | 1K–15K |
Data sourced from public filings and market feeds. Not financial advice. Updated: