These sales are too small to warrant a bearish read-through. Monitor for any larger insider sales (>$5M or >0.1% of market cap) that would signal a change in conviction. The 88% bullish analyst consensus and strong institutional backing (BlackRock, State Street) remain the dominant signals.
Price Chart
Executive Summary
Two Nasdaq executives (EVP/CIO and EVP/CPO) sold a combined $721K in open-market sales over a one-week window. At a $53.4B market cap, this represents ~0.001% of market value — a trivial, routine amount. The sales are likely liquidity-driven (vesting/blackout window) and carry no bearish signal for a company of this size. Historical calibration shows past neutral reports on NDAQ have performed well, supporting a neutral read here.
Key Financial Metrics
Key Facts
- EVP/CIO Bradley Peterson sold 6,000 shares at $95.55 for $573,300 on 2026-08-07.
- EVP/CPO Bryan Smith sold 1,600 shares at $95.07 for $148,000 on 2026-08-03.
- Total insider sales of $721K represent ~0.001% of NDAQ's $53.4B market cap.
- Both sales are open-market (code S) — no 10b5-1 plan indicated, but the small size and C-suite participation are consistent with routine portfolio diversification.
- No insider purchases were reported in the cluster window.
Financial Impact
Total insider sales of $721K, or ~0.001% of market cap — immaterial relative to company size.
Risk Factors
- No material risk identified from this cluster — sales are trivial in size.
- If a pattern of larger C-suite sales emerges in subsequent weeks, it could signal a shift in insider sentiment.
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-1786478742208 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Press Release | $99.35 $94.55 | ▼ −4.83% | ▼ −4.32% | $90.52 (−8.89%) |
Aug 12, 2026 7w ago | Insider Cluster | $97.59 $91.19 | ▼ −6.56% | ▼ −4.81% | $90.52 (−7.24%) |
Aug 11, 2026 7w ago | Insider Cluster | $95.66 $92.01 | ▼ −3.82% | ▼ −1.92% | $90.52 (−5.37%) |
Aug 5, 2026 8w ago | Insider Cluster | $94.56 $95.72 | ▲ +1.23% | ▲ +1.83% | $90.52 (−4.27%) |
Aug 3, 2026 8w ago | Press Release | $93.62 $97.54 | ▲ +4.19% | ▲ +5.43% | $90.52 (−3.31%) |
Aug 3, 2026 8w ago | Press Release | $93.62 $97.54 | ▲ +4.19% | ▲ +5.43% | $90.52 (−3.31%) |
Jul 31, 2026 9w ago | Insider Cluster | $94.19 $99.31 | ▲ +5.44% | ▲ +2.45% | $90.52 (−3.90%) |
Jul 28, 2026 9w ago | Insider Cluster | $95.96 $98.73 | ▲ +2.89% | ▼ −0.49% | $90.52 (−5.67%) |
Jul 23, 2026 10w ago | 8-K | $90.42 $97.55 | ▲ +7.89% | ▲ +4.58% | $90.52 (+0.11%) |
Jul 20, 2026 10w ago | Press Release | $91.87 $96.68 | ▲ +5.24% | ▲ +1.11% | $90.52 (−1.47%) |
US Market Status
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