Tal Cohen

Nasdaq President of Market Platforms sells ~1.4M shares, reducing holdings by 6.7% near recent highs

Tal Cohen, President of Market Platforms at Nasdaq, executed a substantial sale of approximately 1.4 million shares at prevailing market prices, trimming his holdings by nearly 7 percent. The stock currently trades slightly below its recent high, having recovered sharply over the past month after a modest three-month pullback—suggesting Cohen sold into relative strength rather than panic. Nasdaq remains a profitable, revenue-growing company with solid fundamentals and a market valuation in the mid-$50 billion range. While the scale of this sale warrants attention, it appears to reflect portfolio management or diversification rather than a dramatic lack of confidence, particularly given the stock's firm recent price action and the company's continued operational performance. The proximity to recent highs—and the absence of other negative signals—suggests this may be opportunistic rebalancing by an executive rather than a harbinger of deteriorating business conditions.

President Tal Cohen sells 8,955 shares of NDAQ at $83.75; holding 127,940 shares post-trade (-6.5%).

Tal Cohen, President of Market Platforms, sold 8,955 shares at $83.75 on 2025-02-06, reducing his holdings by -6.5% to 127,940 shares. The sale occurred near the 52-week high ($83.76), with the stock currently at $81.21. His cross-ticker track record shows 2 prior sells with an average 90-day return of +10.6% and a 90-day well-timed rate of 0.00%, indicating his previous sales did not precede price declines. At this specific ticker (NDAQ), both prior sells (on 2024-11-01 and 2024-10-31) were followed by positive 90-day returns (+11.2% and +10.0% respectively), with 0 of 2 being well-timed at the 90-day mark. NASDAQ's valuation metrics show a P/E of 48.63 with recent annual revenue declining -2.6% year-over-year, though the stock has appreciated +7.0% over the past 30 days. The sale is modest in absolute terms and does not indicate a reduction of conviction in the company.

President of Market Platforms sells 10,884 shares at $74.11 avg for $806.7K

Tal Cohen, President of Market Platforms at NASDAQ, executed 2 separate sales totaling 10,884 shares for $806,651.04 on October 31 and November 1, 2024. The blended average price of $74.11 occurs within the 52-week range of $48.71–$75.89, only 1.4% below the 52-week high, and the stock has risen 3.7% over the prior 30 days and 13.0% over the prior 90 days. The transaction reduced Cohen's holdings by 10,884 shares (-7.4%), leaving him with 136,826 shares post-transaction. The company trades at a P/E of 44.80 on annual revenue of $1,902,000,000 with net income of $306,000,000, though recent annual revenue growth stands at -2.6%. The sale occurred at elevated valuation and near recent highs, consistent with disciplined portfolio management by a senior officer.