Nasdaq Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

XTRA:NAQ Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
09 Dec 24	Sell€922,973	Jeremy Skule	Individual	12,074	€76.45
18 Nov 24	Sell€899,652	Jeremy Skule	Individual	12,075	€74.51
13 Nov 24	Buy€192,874	Alfred Zollar	Individual	2,542	€75.87
13 Nov 24	Sell€889,465	Bradley Peterson	Individual	11,820	€75.25
11 Nov 24	Sell€749,806	P. C. Griggs	Individual	10,000	€75.31
06 Nov 24	Sell€871,270	Jeremy Skule	Individual	12,000	€72.61
06 Nov 24	Sell€413,800	P. C. Griggs	Individual	5,742	€72.07
01 Nov 24	Sell€743,571	Tal Cohen	Individual	10,884	€68.50
29 Oct 24	Sell€702,182	P. C. Griggs	Individual	10,000	€70.41
28 Oct 24	Sell€949,156	Bradley Peterson	Individual	13,642	€69.64
29 Jul 24	Sell€2,554,209,216	Thoma Bravo, L.P.	Company	42,804,207	€59.67
22 Mar 24	Sell€1,663,243,766	Borse Dubai Limited, Asset Management Arm	Company	31,000,000	€53.65
01 Mar 24	Sell€107,318	Bryan Smith	Individual	2,064	€52.00

Insider Trading Volume

Insider Buying: NAQ insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of NAQ?
Owner Type	Number of Shares	Ownership Percentage
State or Government	423,988	0.0738%
Individual Insiders	3,492,126	0.608%
General Public	25,112,063	4.37%
VC/PE Firms	100,986,633	17.6%
Institutions	444,742,794	77.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 71.89% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.2%	Borse Dubai Limited, Asset Management Arm	58,341,545	€4.4b	0%	100.0%
10.1%	Investor AB (publ)	58,182,426	€4.4b	0%	7.61%
9.08%	The Vanguard Group, Inc.	52,199,520	€4.0b	7.88%	0.06%
7.45%	Thoma Bravo, L.P.	42,804,207	€3.2b	-50%	56.91%
6.76%	Wellington Management Group LLP	38,833,510	€2.9b	163%	0.47%
5.89%	BlackRock, Inc.	33,859,584	€2.6b	1.59%	0.04%
3.54%	Massachusetts Financial Services Company	20,324,764	€1.5b	-2.68%	0.34%
3.12%	State Street Global Advisors, Inc.	17,951,698	€1.4b	11.2%	0.05%
1.87%	Geode Capital Management, LLC	10,761,240	€817.0m	9.49%	0.06%
1.59%	Franklin Resources, Inc.	9,141,148	€694.0m	0.01%	0.25%
1.5%	Harris Associates L.P.	8,596,022	€652.6m	14.6%	0.8%
1.17%	UBS Asset Management AG	6,745,549	€512.1m	10.8%	0.05%
1.15%	Manulife Asset Management	6,618,769	€502.5m	-2.69%	0.38%
1.08%	Capital Research and Management Company	6,226,657	€472.7m	-0.07%	0.02%
0.97%	Goldman Sachs Asset Management, L.P.	5,569,715	€422.9m	0.03%	0.11%
0.84%	Norges Bank Investment Management	4,822,544	€366.1m	0%	0.03%
0.82%	Diamond Hill Capital Management, Inc.	4,703,884	€357.1m	-1.33%	1.55%
0.76%	Columbia Management Investment Advisers, LLC	4,354,846	€330.6m	0.83%	0.08%
0.65%	Farallon Capital Management, L.L.C.	3,762,271	€285.6m	-49.9%	1.87%
0.61%	Managed Account Advisors LLC	3,477,909	€264.1m	-2%	0.05%
0.59%	Bank Julius Bär & Co Ltd., Asset Management Arm	3,393,003	€257.6m	3.98%	0.83%
0.59%	Legal & General Investment Management Limited	3,392,272	€257.6m	9.6%	0.05%
0.59%	Northern Trust Global Investments	3,383,939	€256.9m	1.68%	0.04%
0.52%	Morgan Stanley, Investment Banking and Brokerage Investments	2,966,625	€225.2m	21.2%	0.03%
0.48%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	2,784,618	€211.4m	71.6%	0.05%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 12:45
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nasdaq, Inc. is covered by 43 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Heal	Argus Research Company
Roger Freeman	Barclays
Benjamin Budish	Barclays