The insider sales are routine and immaterial in size. The strong Q1 earnings report (14% revenue growth, 33% EPS growth) is the dominant signal. Monitor for any material increase in insider selling volume or a change in pattern (e.g., CEO/CFO selling) before reading bearish intent.
Price Chart
Executive Summary
Two Nasdaq insiders, including the EVP & CIO, sold a combined $806K in open-market sales within a week of the company's strong Q1 2026 earnings report. While the dollar amount is negligible relative to Nasdaq's $51.6B market cap (0.002%), the timing—immediately after a 14% revenue beat and 33% EPS growth—suggests routine post-earnings portfolio diversification rather than a bearish signal.
Key Financial Metrics
Key Facts
- EVP & CIO Bradley Peterson sold 7,710 shares at $90.82 for $700K on April 28
- SVP & Controller Lynn Daly sold 1,194 shares at $88.82 for $106K on April 24
- Total insider sales of $806K represent 0.002% of Nasdaq's $51.6B market cap
- Sales occurred 1-4 days after Nasdaq reported Q1 2026 revenue up 14% YoY and GAAP EPS up 33% to $0.91
- No insider purchases were made in the cluster window
Financial Impact
Insider sales of $806K, immaterial relative to $51.6B market cap
Risk Factors
- Insider selling could accelerate if Q2 2026 results disappoint
- No insider buying to signal confidence at current valuation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NDAQ-1777579235569 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Press Release | $99.35 $94.55 | ▼ −4.83% | ▼ −4.32% | $90.33 (−9.08%) |
Aug 12, 2026 7w ago | Insider Cluster | $97.59 $91.19 | ▼ −6.56% | ▼ −4.81% | $90.33 (−7.44%) |
Aug 11, 2026 7w ago | Insider Cluster | $95.66 $92.01 | ▼ −3.82% | ▼ −1.92% | $90.33 (−5.57%) |
Aug 5, 2026 8w ago | Insider Cluster | $94.56 $95.72 | ▲ +1.23% | ▲ +1.83% | $90.33 (−4.47%) |
Aug 3, 2026 8w ago | Press Release | $93.62 $97.54 | ▲ +4.19% | ▲ +5.43% | $90.33 (−3.51%) |
Aug 3, 2026 8w ago | Press Release | $93.62 $97.54 | ▲ +4.19% | ▲ +5.43% | $90.33 (−3.51%) |
Jul 31, 2026 9w ago | Insider Cluster | $94.19 $99.31 | ▲ +5.44% | ▲ +2.45% | $90.33 (−4.10%) |
Jul 28, 2026 9w ago | Insider Cluster | $95.96 $98.73 | ▲ +2.89% | ▼ −0.49% | $90.33 (−5.87%) |
Jul 23, 2026 10w ago | 8-K | $90.42 $97.55 | ▲ +7.89% | ▲ +4.58% | $90.33 (−0.10%) |
Jul 20, 2026 10w ago | Press Release | $91.87 $96.68 | ▲ +5.24% | ▲ +1.11% | $90.33 (−1.68%) |
US Market Status
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