The insider sales are too small to signal a bearish view. Monitor for any larger-scale selling or changes in insider sentiment, but this cluster is routine post-earnings diversification. The strong Q2 results and raised guidance remain the dominant narrative for NDAQ.
Price Chart
Executive Summary
Two Nasdaq insiders (EVP/CIO and President of Capital Access Platforms) sold a combined $1.83M in shares on July 24-27, 2026, following the company's strong Q2 earnings beat on July 23. The sales are trivial relative to Nasdaq's $52.5B market cap (0.0035%) and likely reflect routine portfolio diversification after a positive earnings catalyst.
Key Financial Metrics
Key Facts
- EVP/CIO Bradley J. Peterson sold 13,000 shares at $92.61 for $1.20M on July 24.
- President of Capital Access Platforms PC Nelson Griggs sold 6,777 shares at $92.53 for $627K on July 24 and an additional 11,010 shares at $93.96 for $1.03M on July 27.
- Total insider sales of $1.83M represent 0.0035% of Nasdaq's $52.5B market cap.
- Sales occurred 1-4 days after Nasdaq reported Q2 2026 net revenue of $1.5B (+15% YoY) and non-GAAP EPS of $1.07 (+25% YoY), beating consensus.
Financial Impact
Total insider selling of $1.83M is immaterial relative to $52.5B market cap.
Risk Factors
- No material risk from this cluster; sales are within normal diversification patterns.
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-1785312198155 |
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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