Shopify Inc. Added to Nasdaq-100 Index and Related Indices, Replacing MongoDB, Inc.

Shopify Inc. will replace MongoDB, Inc. in the Nasdaq-100 Index and related indices on May 19, 2025.

Quiver AI Summary

Nasdaq announced that Shopify Inc. will be added to the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index on May 19, 2025, replacing MongoDB, Inc. MongoDB will also be removed from various Nasdaq indexes, including the Nasdaq-100 Tech Sector Index and other sector-specific indexes. This change reflects an adjustment in the index composition to include Shopify while excluding MongoDB in alignment with Nasdaq's ongoing updates. For more details about Shopify, interested parties can visit their website.

Potential Positives

Shopify Inc. being added to the Nasdaq-100 Index® signifies a recognition of its growth and stability within the tech sector.
This inclusion is likely to increase visibility and attract more investment interest in Shopify, potentially driving up its stock value.
Replacing MongoDB, Inc. may enhance Shopify's reputation by associating it with a stronger index and underscoring its competitiveness in the tech market.
Shopify's addition to multiple Nasdaq indexes reflects its broad appeal and aligns it with other leading companies, reinforcing its market position.

Potential Negatives

Shopify Inc.'s replacement of MongoDB, Inc. in multiple Nasdaq indices may highlight a lack of confidence in MongoDB's future performance, potentially reflecting negatively on both companies.
The removal of MongoDB from the Nasdaq-100 Tech Sector Index could lead to a decline in investor sentiment regarding MongoDB, impacting its market perception.
Shopify's inclusion in the Nasdaq-100 Index may not be sufficient to significantly enhance its market standing, especially if it does not lead to corresponding improvements in its financial performance or investor interest.

FAQ

When will Shopify become part of the Nasdaq-100 Index?

Shopify will be included in the Nasdaq-100 Index on May 19, 2025, prior to market open.

Which company is being replaced by Shopify in the Nasdaq-100 Index?

Shopify will replace MongoDB, Inc. in the Nasdaq-100 Index and other related indices.

What other indices will Shopify join on May 19, 2025?

Shopify will also be added to the Nasdaq-100 Equal Weighted Index and multiple Nasdaq-100 Tech Sector indices.

What is the significance of Shopify joining the Nasdaq-100 Index?

Joining the Nasdaq-100 Index highlights Shopify's growth and importance in the technology sector.

How can I learn more about Nasdaq and its services?

Visit Nasdaq's official website at www.nasdaq.com for more information on their services and offerings.

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 14 times in the past 6 months. Of those trades, 1 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:

BRADLEY J PETERSON (EVP, CIO) has made 0 purchases and 3 sales selling 31,184 shares for an estimated $2,476,180.
JEREMY SKULE (Executive Vice President) has made 0 purchases and 3 sales selling 24,149 shares for an estimated $1,927,391.
SARAH YOUNGWOOD (Executive Vice President) sold 14,959 shares for an estimated $1,102,179
COHEN TAL (President, Market Platforms) sold 8,955 shares for an estimated $749,981
BRYAN EVERARD SMITH (EVP, CPO) has made 0 purchases and 4 sales selling 7,289 shares for an estimated $569,717.
PC NELSON GRIGGS (President, Capital Access Plat) sold 5,000 shares for an estimated $401,049
ALFRED W ZOLLAR purchased 2,542 shares for an estimated $203,970

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NDAQ Hedge Fund Activity

We have seen 481 institutional investors add shares of $NDAQ stock to their portfolio, and 363 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MIZUHO SECURITIES USA LLC removed 3,960,779 shares (-99.0%) from their portfolio in Q4 2024, for an estimated $306,207,824
WELLINGTON MANAGEMENT GROUP LLP removed 3,876,935 shares (-10.0%) from their portfolio in Q4 2024, for an estimated $299,725,844
BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC removed 2,321,147 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $179,447,874
JANE STREET GROUP, LLC removed 1,728,202 shares (-99.5%) from their portfolio in Q4 2024, for an estimated $133,607,296
AMERIPRISE FINANCIAL INC added 1,650,201 shares (+37.9%) to their portfolio in Q4 2024, for an estimated $127,577,039
DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,400,678 shares (-34.0%) from their portfolio in Q1 2025, for an estimated $106,255,433
TWO SIGMA INVESTMENTS, LP removed 1,299,326 shares (-59.3%) from their portfolio in Q4 2024, for an estimated $100,450,893

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$NDAQ Analyst Ratings

Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Raymond James issued a "Outperform" rating on 01/09/2025

To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.

Full Release

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Shopify Inc. (Nasdaq: SHOP), will become a component of the Nasdaq-100 Index ^® (Nasdaq: NDX ^® ) and the Nasdaq-100 Equal Weighted™ Index (Nasdaq: NDXE™) prior to market open on Monday, May 19, 2025. Shopify Inc. will replace MongoDB, Inc. (Nasdaq: MDB) in the Nasdaq-100 Index ^® and the Nasdaq-100 Equal Weighted™ Index.

MongoDB, Inc. will also be removed from the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™), the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™), the Nasdaq-100 Sustainable ESG Select™ Index (Nasdaq: NDXSES™) , the Nasdaq-100 ex Top 30™ Index (Nasdaq: NDX70™), the Nasdaq-100 ex Top 30 UCITS™ Index (Nasdaq: NDX70U™), and the Nasdaq-100 High Beta™ Index (Nasdaq: NDXHB™) on the same date. Shopify Inc. will replace MongoDB, Inc. in the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), and the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™) on the same date.

For more information about the company, go to https://www.shopify.com/ .

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn , on X @Nasdaq , or at www.nasdaq.com .

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither Nasdaq , Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Contacts: Maximilian Leitenberger, Nasdaq, [email protected]
Issuer & Investor Contact: Index Client Services, Nasdaq, [email protected]

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