Nasdaq plans to delist Smart Digital Group Limited on June 24, pending an appeal, due to ongoing trading suspension.
Quiver AI Summary
The Nasdaq Stock Market announced that it will delist Smart Digital Group Limited's securities on June 24, 2026, unless the company files an appeal with a Listing Qualifications Hearings Panel. The trading of Smart Digital’s shares has been halted since October 11, 2025, due to a temporary suspension by the U.S. Securities and Exchange Commission. Following the delisting, these securities may be available for trading in the over-the-counter market. Nasdaq has cited its authority under IM-5101-4 for this decision. For further details, interested parties can refer to the company's public filings or the Nasdaq website.
Potential Positives
- None
Potential Negatives
- Smart Digital Group Limited faces potential delisting from Nasdaq, which could significantly reduce its visibility and access to investors.
- Trading of the company's securities has been halted since October 2025 due to a temporary suspension by the U.S. Securities and Exchange Commission, indicating serious regulatory concerns.
- The company has a limited timeframe to appeal the delisting, which may contribute to uncertainty and instability for current and potential investors.
FAQ
Why are Smart Digital Group Limited's securities being delisted?
Smart Digital Group Limited is being delisted due to the Nasdaq's authority under IM-5101-4 following a temporary trading suspension.
When will the delisting of Smart Digital Group Limited occur?
The delisting is scheduled to take place on June 24, 2026, unless an appeal is filed.
What happens if Smart Digital Group Limited appeals the delisting?
If the company appeals, the securities will remain halted until the appeal is resolved by a Listing Qualifications Hearings Panel.
Can Smart Digital Group Limited's securities be traded after delisting?
After delisting, the securities may be eligible for trading in the over-the-counter market.
Where can I find more information about Nasdaq's delisting process?
More information about the Nasdaq delisting process can be found in the Nasdaq Rule 5800 Series on their official website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 10 times in the past 6 months. Of those trades, 2 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- AB INVESTOR has made 2 purchases buying 256,782 shares for an estimated $20,717,156 and 0 sales.
- ADENA T FRIEDMAN (Chair and CEO) sold 113,611 shares for an estimated $9,706,923
- COHEN TAL (Pres. Market Platforms) sold 15,518 shares for an estimated $1,408,258
- BRADLEY J PETERSON (EVP, CIO) sold 7,710 shares for an estimated $700,222
- PC NELSON GRIGGS (Pres. Capital Access Platforms) sold 5,093 shares for an estimated $471,713
- JOHN ZECCA (EVP, Global CLO) sold 4,500 shares for an estimated $450,045
- BRYAN EVERARD SMITH (EVP, CPO) sold 3,000 shares for an estimated $260,730
- MICHELLE LYNN DALY (SVP, Controller & PAO) has made 0 purchases and 2 sales selling 1,323 shares for an estimated $117,512.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$NDAQ Revenue
$NDAQ had revenues of $2.1B in Q1 2026. This is an increase of 2.25% from the same period in the prior year.
You can track NDAQ financials on Quiver Quantitative's NDAQ stock page.
You can access data on NDAQ stock through the Quiver Quantitative API.
$NDAQ Congressional Stock Trading
Members of Congress have traded $NDAQ stock 8 times in the past 6 months. Of those trades, 8 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 8 times. They made 8 purchases worth up to $120,000 on 04/24, 03/31, 03/18, 03/10, 03/09, 03/04, 03/03, 02/27 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$NDAQ Hedge Fund Activity
We have seen 531 institutional investors add shares of $NDAQ stock to their portfolio, and 586 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 3,138,962 shares (+81.5%) to their portfolio in Q1 2026, for an estimated $266,466,484
- FARALLON CAPITAL MANAGEMENT LLC removed 2,989,213 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $253,754,291
- WINSLOW CAPITAL MANAGEMENT, LLC removed 2,568,537 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $218,043,105
- SELECT EQUITY GROUP, L.P. added 1,810,369 shares (+48.2%) to their portfolio in Q1 2026, for an estimated $153,682,224
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,432,672 shares (+5.2%) to their portfolio in Q1 2026, for an estimated $121,619,526
- FRANKLIN RESOURCES INC removed 1,415,531 shares (-13.4%) from their portfolio in Q1 2026, for an estimated $120,164,426
- WELLINGTON MANAGEMENT GROUP LLP removed 1,380,846 shares (-3.7%) from their portfolio in Q1 2026, for an estimated $117,220,016
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$NDAQ Analyst Ratings
Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 01/30/2026
- JP Morgan issued a "Overweight" rating on 01/30/2026
- Morgan Stanley issued a "Overweight" rating on 01/15/2026
To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.
$NDAQ Price Targets
Multiple analysts have issued price targets for $NDAQ recently. We have seen 7 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $108.0.
Here are some recent targets:
- Chris Allen from Keefe, Bruyette & Woods set a target price of $97.0 on 04/24/2026
- Benjamin Budish from Barclays set a target price of $114.0 on 04/13/2026
- Bill Katz from TD Cowen set a target price of $106.0 on 02/26/2026
- Michael Cyprys from Morgan Stanley set a target price of $116.0 on 01/30/2026
- Ashish Sabadra from RBC Capital set a target price of $108.0 on 01/30/2026
- Michael Cho from JP Morgan set a target price of $101.0 on 01/30/2026
- Alex Kramm from UBS set a target price of $120.0 on 01/12/2026
Full Release
NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Smart Digital Group Limited (Nasdaq: SDM) that its securities will be delisted from the Nasdaq Stock Market LLC on June 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission ( https://www.sec.gov/enforcement-litigation/trading-suspensions/34-104112-ts ) Nasdaq halted trading in the Company’s ordinary shares on October 11, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com . Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series .
