Insider buying last 90 days
No open-market insider purchases were filed for NDAQ in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every NDAQ insider filing, plotted on the chart in Gekko.Open NDAQ in Gekko
NASDAQ: NDAQ
Nasdaq (NDAQ) Stock Analysis & Forecast
$93.54+2.23 (+2.4%)
Close on Sep 18, 2026. Page updated Sep 19, 9:19 pm ET.
Gekko Brief
AI summaryNasdaq (NDAQ) closes at $93.54, up 2.4%, sitting between its 50-day average of $94.42 and 200-day average of $90.55. The GekkoIndex reads 63.3, placing the stock in the Accumulation zone, though the reading has slipped 3.8 over the past five sessions. Price stands 6.9% below Gekko Fair Value of $100.52. Over the past three months the stock has gained 13.7%, though it is down 2.9% over the past month and roughly flat over the past year at 0.5%.
News flow this week centers on Nasdaq's role as an exchange operator rather than its own operating results: several smaller listed companies received minimum bid price deficiency notices or announced regaining compliance, one company detailed a transfer to the Nasdaq Capital Market, and Nasdaq announced the delisting of securities for 15 companies suspended from trading during 2026. Separately, coverage compared exchange peer Cboe Global Markets' recent performance against the Nasdaq Composite, noting Cboe's stock trend relative to its own moving averages amid discussion of volatility and competition.
Looking ahead, Nasdaq's next earnings report is set for 20 October 2026 before the open, 30 days out and beyond a typical 20-trading-day holding window; the prior quarter saw an EPS beat of $1.07 versus $0.98 estimated with a 1.3% reaction. Insider, Congressional and unusual options activity show no recorded signals in their respective windows. Seasonally, the next 20 trading days have averaged a -0.4% return over five years, higher in 2 of those years. Analyst coverage from 13 firms includes 12 buy ratings and a consensus target of $109.67.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $93.54200-day averageGekko Fair Value $100.52
Key stats
- Market cap
- $52.29B
- P/E ratio
- 27.3
- Forward P/E
- 22.6
- EPS, TTM
- $3.43
- Revenue, TTM
- $5.61B
- Profit margin
- 35%
- Dividend yield
- 1.23%
- Beta
- 0.97
- Volume
- 6.26M avg 3.00M
- 1-year return
- +0.5%
- Typical daily move
- ±2.5%
- Typical 20-day move
- ±4.6%
- 50-day average
- $94.42
- 200-day average
- $90.55
- Next earnings
- Oct 20 before open
- Shares outstanding
- 559.0M
Nasdaq swing-trade checklist
Nasdaq scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $93.54 sits between the 50-day ($94.42) and 200-day ($90.55) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
63.3, Accumulation
Reading 63.3 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
6.9% below
Price is 6.9% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 30 days
Next report Oct 20, 2026, 30 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalityheadwind
−0.4% on average
From this point in the calendar, the next 20 trading days averaged −0.4% over 5 years, rising in 2 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Nasdaq stock chart and price history
Nasdaq closed at $93.54 on Sep 18, 2026, +0.5% over the past year, inside a 52-week range of $76.55 to $101.79.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −2.9%
- 3 months
- +13.7%
- 6 months
- +8.4%
- 1 year
- +0.5%
The full NDAQ chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NDAQ in Gekko
Follow Nasdaq through every session
Put NDAQ on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.
Track NDAQ in GekkoFree for 7 days. No credit card required.
About Nasdaq
Nasdaq provides technology and services that support financial markets and related industries around the world. It is widely recognized for operating The Nasdaq Stock Market, where thousands of companies have their shares listed, alongside tools that help detect and prevent financial crime, such as trade surveillance and anti-money laundering software used by brokers and other market participants.
The company works through several divisions. One focuses on monitoring and compliance products, covering assets from equities to digital currencies. Another gathers and licenses market data, builds financial indexes, and offers investment research and workflow tools. A corporate platforms unit supports listed companies with investor relations and governance services, while a market services division handles trading, clearing, and settlement across equities, derivatives, fixed income, and commodities through its various exchanges.
The company took its present name, Nasdaq, Inc., in September 2015, after previously operating as The NASDAQ OMX Group, Inc. Shares of Nasdaq are listed on the NASDAQ under the ticker NDAQ.
- Listed
- NASDAQ
- Sector
- Finance
- Industry
- Investment banks/Brokers
- Website
- nasdaq.com
Nasdaq GekkoIndex: the smart money zone
Nasdaq’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.3, in the Accumulation zone, down 3.8 points over five sessions.
63.3Accumulation
Down 3.8 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days |
|---|---|---|---|
| Buying | 35 | +1.1% | +4.7% |
| Accumulation (current zone) | 141 | +0.4% | +3.1% |
| Neutral | 411 | +0.5% | +1.2% |
| Distribution | 64 | 0.0% | +2.1% |
| Selling | 11 | −1.4% | −1.5% |
Average NDAQ share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the NDAQ price, zone by zone.Track NDAQ in Gekko
Is Nasdaq stock overvalued? Gekko Fair Value
Nasdaq trades 6.9% below Gekko Fair Value of $100.52, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Nasdaq shares are worth, recalculated every trading day.
$100.52
Gekko Fair Value, Sep 19, 2026
6.9% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open NDAQ in Gekko
Nasdaq insider and Congress trading
No open-market insider purchases were filed for Nasdaq, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in NDAQ were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for NDAQ, plotted on the chart in Gekko.Open NDAQ in Gekko
Buybacks
Nasdaq has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $355.0M
- As a share of market cap
- 0.68%
- Trailing four quarters
- $1.30B
From company filings.
Hedge funds and billionaires quarter ended Jun 30
0of the funds Gekko tracks hold NDAQ.
0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko
Nasdaq earnings: next date and track record
Nasdaq reports on Oct 20, 2026, before the open (30 days away), and beat the EPS estimate in 8 of its last 8 reports.
Next earnings report
Oct 20, 2026
Expected before the open, 30 days away
- EPS estimate
- $1.02
- Revenue estimate
- $1.47B
8 of 8reports beat the EPS estimate
±2.6%average move across the report
6 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Jul 23, 2026 AI summary
- What they said
- Nasdaq reported strong second quarter 2026 results driven by broad-based growth across its divisions and significant milestones. Management highlighted record Index AUM surpassing $1 trillion, highest quarterly net inflows, Nasdaq Verafin surpassing $13 trillion in combined assets across 2,800 institutions, and record notional traded during key market events. Financially, net revenue was $1.5 billion (up 15%), Solutions revenue $1.2 billion (up 17%), net income $605 million, and diluted EPS of $1.07 (up 25%). Operating and EBITDA margins expanded to 57% and 60%, respectively. Management emphasized strong demand for market infrastructure, data, and fintech solutions, accelerated AI integration and early monetization efforts, momentum in data sales (driven by AI, digital assets, and extended trading hours), growth in Trade Management Services, and an improving IPO/listings environment with a broader pipeline. They also discussed strategic initiatives around tokenization, interoperability across Layer 1s (without building a Layer 1), surveillance and market tech for digital asset venues, and the potential to support perpetuals subject to regulatory approval. During Q&A, management reiterated a product-by-product AI monetization approach, noted proofs of concept for tokenized collateral, described slower international sales cycles for Verafin but confidence in medium-term growth, and discussed implementation timing (roughly 12 months) for large FinTech signings. Management called out some lumpy upfront Calypso revenue and tougher comps in Capital Markets Tech in the back half, as well as the infrastructure and investment lift required to support 24/7 markets.
- Guidance
- No formal numeric forward guidance was provided. Management did give directional and timing commentary: expect revenue recognition from large FinTech (Verafin) enterprise signings signed in the second half of last year to flow through over ~12 months and to start contributing in the second half of this year; Verafin still underwrites a medium-term target of mid-20s revenue growth; management flagged tougher year-over-year comps for Capital Markets Tech in H2 due to lumpy Calypso upfronts; Trade Management Services price increases will continue to accrue; AI monetization is in early innings with upsell opportunities underway but no specific revenue targets given.
- Risks flagged
- Regulatory uncertainty (e.g., potential treatment and regulation of perpetuals, Reg NMS/order protection rule changes); slower sales cycles and longer onboarding timelines in international jurisdictions (particularly for Verafin in Europe); lumpy and timing-sensitive upfront Calypso revenue leading to tough comps in H2; rising and evolving AI-enabled financial crime requiring continued investment in detection; technology and investment costs to support 24/7 trading and tokenized collateral networks; general market structure and fragmentation headwinds; potential delistings and amortization timing effects on listings revenue.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Jul 23, 2026 | $1.07 est $0.98 | $1.50B est $1.46B | +1.3% |
| Apr 23, 2026 | $0.96 est $0.93 | $1.41B est $1.37B | +4.1% |
| Jan 29, 2026 | $0.96 est $0.92 | $1.39B est $1.37B | −1.8% |
| Oct 21, 2025 | $0.88 est $0.85 | $1.96B est $1.30B | −1.6% |
| Jul 24, 2025 | $0.85 est $0.81 | $2.09B est $1.28B | +7.4% |
| Apr 24, 2025 | $0.79 est $0.77 | $2.09B est $1.23B | +2.5% |
| Jan 29, 2025 | $0.76 est $0.74 | $2.03B est $1.23B | +1.3% |
| Oct 24, 2024 | $0.74 est $0.69 | $1.90B est $1.17B | +1.1% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Nasdaq stock forecast and analyst price targets
Analysts’ average 12-month price target for Nasdaq is $109.67, +17.2% from the last close, from 13 firms rating the stock in the last 90 days.
$109.67consensus 12-month target, +17.2% from the last close
Now $93.54Avg $109.67
Low $102High $135
Each firm’s latest rating in the last 90 days: 13 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 16 | William Blair | — | — |
| Sep 15 | Barclays | $111 | +18.7% |
| Sep 3 | William Blair | — | — |
| Aug 5 | William Blair | — | — |
| Jul 28 | J.P. Morgan | $114 | +21.9% |
+3.1%average 20-day move after past Accumulation readings
−0.4%average move over the next 20 trading days in the last 5 years
±2.5%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Nasdaq seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Nasdaq averaged −0.4% across the last 5 years, rising in 2 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −2.4% | 2 of 5 |
| Next 10 trading days | −2.9% | 1 of 5 |
| Next 15 trading days | −1.0% | 1 of 5 |
| Next 20 trading days | −0.4% | 2 of 5 |
| Next 30 trading days | +1.8% | 3 of 5 |
For scale, NDAQ’s typical 20-trading-day move in either direction is about 4.6%.
Nasdaq market cap and key statistics
Nasdaq’s market cap is $52.29B, with a P/E ratio of 27.3 and revenue of $5.61B over the last twelve months.
Valuation
- Market cap
- $52.29B
- P/E ratio
- 27.3
- Forward P/E
- 22.6
- EPS, TTM
- $3.43
- Gekko Fair Value
- $100.52
Trading
- Volume
- 6.26M
- Avg volume, 20 days
- 3.00M
- 52-week high
- $101.79
- 52-week low
- $76.55
- Shares outstanding
- 559.0M
Financials
- Revenue, TTM
- $5.61B
- Profit margin
- 35%
- Return on equity
- 16.5%
- Quarterly earnings growth, YoY
- +14.1%
Risk and income
- Beta
- 0.97
- Typical daily move
- ±2.5%
- Typical 20-day move
- ±4.6%
- Dividend yield
- 1.23%
Nasdaq stock news this week
Coverage of Nasdaq this week reads neutral: 3 positive, 7 neutral and 2 negative headlines.
- Webuy Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencyGlobeNewsWire, Sep 18
- Is Cboe Global Markets Stock Underperforming the Nasdaq?Yahoo Finance, Sep 18
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: MISTRAS Group, Inc. (NYSE – MG), Caesars Entertainment, Inc. (Nasdaq - CZR), The Baldwin Group, Inc. (Nasdaq – BWIN), Utz Brands, Inc. (NYSE – UTZ)GlobeNewsWire, Sep 18
- Recon Technology Regains Compliance with Nasdaq Minimum Bid Price RequirementPRNewsWire, Sep 18
- GCL transfers to Nasdaq Capital Market amid compliance issue By Investing.comInvesting.com Nigeria, Sep 18
- Delisting of Securities from The Nasdaq Stock MarketYahoo Finance UK, Sep 17
Nasdaq peers
Nasdaq’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| GSGoldman Sachs | Buying | 12.7% below |
| SCHWCharles Schwab | Accumulation | 7.7% below |
| IBKRInteractive Brokers | Accumulation | 6.7% below |
| HOODRobinhood Markets | Neutral | 5.4% above |
| BNYBank of New York Mellon | Accumulation | 6.5% below |
| CMECME | Neutral | 1.0% above |
A peer links to its own page where one exists.
Nasdaq stock FAQ
What is Nasdaq’s market cap?
Nasdaq’s market cap is $52.29B at the Sep 18, 2026 close of $93.54, with 559.0M shares outstanding. The shares trade on a P/E ratio of 27.3.
What is the Nasdaq stock forecast?
The consensus analyst 12-month price target for Nasdaq is $109.67, +17.2% from the last close. Of the 13 firms that rated the stock in the last 90 days, 12 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Nasdaq stock overvalued or undervalued?
On Gekko’s estimate Nasdaq is undervalued: the Sep 18, 2026 close of $93.54 is 6.9% below Gekko Fair Value of $100.52. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Nasdaq report earnings next?
Nasdaq is expected to report on Oct 20, 2026, before the market opens (30 days away). Analysts expect earnings of $1.02 per share on revenue of $1.47B. Nasdaq beat the earnings estimate in 8 of its last 8 reports, moving 2.6% on average across the report.
What is Nasdaq’s 52-week high and low?
Nasdaq’s 52-week high is $101.79 and its 52-week low is $76.55; it closed at $93.54 on Sep 18, 2026, +0.5% over the past year.
Is Nasdaq stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk), 1 as mixed (trend) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
See Nasdaq the way Gekko members do
Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.
Join 1,349 other traders using Gekko
Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.