Tradeweb Markets slides 4.5% as clear company-specific catalyst remains elusive

Tradeweb Markets Inc. (TW) is down 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a clear new company-specific catalyst behind Tuesday’s sell-off. This could be because investors were taking profits in a stock tied closely to fixed-income and trading activity after a recent rebound, especially as broader markets were relatively calm and Tradeweb had not posted fresh material news.

Details:

TW fell to about $99.74, after opening near $104.10 and touching an intraday low around $99.48, showing steady selling pressure through the session.

Tradeweb’s investor relations page shows its most recent announcements were a September 9 notice for third-quarter results and a September 4 monthly activity release, with no fresh operating update posted today.

In that September 4 release, Tradeweb said August average daily volume rose 13.7% year over year to $2.8 trillion, suggesting the drop was not driven by an obviously weak monthly volume report released today.

The company’s recent SEC filing activity listed on its filings page does not point to a newly filed material event on September 22, which reinforces the view that the move may be sentiment-driven rather than news-driven.

Sources:

Tradeweb, SEC, AP

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TW Insider Trading Activity

$TW insiders have traded $TW stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

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

JUSTIN PETERSON (Chief Technology Officer) has made 0 purchases and 2 sales selling 42,442 shares for an estimated $4,725,038.
STEVEN BERNS sold 425 shares for an estimated $44,735

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.

$TW Hedge Fund Activity

We have seen 300 institutional investors add shares of $TW stock to their portfolio, and 334 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LINONIA PARTNERSHIP LP removed 2,791,246 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $278,175,576
CANTILLON CAPITAL MANAGEMENT LLC removed 2,258,052 shares (-95.4%) from their portfolio in Q2 2026, for an estimated $225,037,462
CARMIGNAC GESTION added 1,590,600 shares (+69.6%) to their portfolio in Q2 2026, for an estimated $158,519,196
PRICE T ROWE ASSOCIATES INC /MD/ added 1,436,428 shares (+9.6%) to their portfolio in Q2 2026, for an estimated $143,154,414
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,399,144 shares (+73.6%) to their portfolio in Q2 2026, for an estimated $139,438,691
WELLINGTON MANAGEMENT GROUP LLP removed 1,300,121 shares (-17.3%) from their portfolio in Q2 2026, for an estimated $129,570,058
UBS GROUP AG removed 1,182,404 shares (-61.3%) from their portfolio in Q2 2026, for an estimated $117,838,382

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.

$TW Price Targets

Multiple analysts have issued price targets for $TW recently. We have seen 8 analysts offer price targets for $TW in the last 6 months, with a median target of $144.0.

Here are some recent targets:

Benjamin Budish from Barclays set a target price of $114.0 on 07/09/2026
Patrick O'Shaughnessy from Raymond James set a target price of $151.0 on 07/07/2026
Alexander Blostein from Goldman Sachs set a target price of $146.0 on 06/30/2026
Bill Katz from TD Cowen set a target price of $109.0 on 06/22/2026
Alex Kramm from UBS set a target price of $150.0 on 05/11/2026
Kenneth Worthington from JP Morgan set a target price of $143.0 on 04/30/2026
Michael Cyprys from Morgan Stanley set a target price of $138.0 on 04/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.