Tradeweb Markets (TW)

Tradeweb Markets LLC • BondDesk Group LLC • Dealerweb Inc. • DW SEF LLC • Refinitiv US Tradeweb LLC • Tech Hackers LLC • TIPS LLC • Tradeweb Information Technology • Tradeweb Direct LLC • Tradeweb EU B.V. ...

TW stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$139.50

Low target

$127.00

High target

$153.00

Latest filings (excl ownership)

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8-K

Tradeweb Names Co-heads of Global Markets

30 Oct 24

Results of Operations and Financial Condition

30 Oct 24

8-K

Daniel Maguire Appointed to Tradeweb Board of Directors

19 Sep 24

8-K

Tradeweb Completes Acquisition of ICD

25 Jul 24

Results of Operations and Financial Condition

25 Jul 24

8-K

Departure of Directors or Certain Officers

20 Jun 24

8-K

Departure of Directors or Certain Officers

11 Jun 24

8-K

Submission of Matters to a Vote of Security Holders

13 May 24

Transcripts

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Earnings call transcript

2024 Q3

30 Oct 24

Earnings call transcript

2024 Q2

25 Jul 24

Earnings call transcript

2024 Q1

25 Apr 24

Earnings call transcript

2023 Q4

6 Feb 24

Earnings call transcript

2023 Q3

26 Oct 23

Earnings call transcript

2023 Q2

27 Jul 23

Earnings call transcript

2023 Q2

27 Jul 23

Earnings call transcript

2023 Q1

27 Apr 23

Earnings call transcript

2022 Q4

2 Feb 23

Earnings call transcript

2022 Q3

27 Oct 22

Latest ownership filings

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William Hult

6 Dec 24

SC 13G/A

T. Rowe Price Investment Management, Inc.

14 Nov 24

SC 13G/A

PRICE T ROWE ASSOCIATES INC /MD/

WELLINGTON MANAGEMENT GROUP LLP

8 Nov 24

144

Notice of proposed sale of securities

6 Nov 24

144

Notice of proposed sale of securities

London Stock Exchange Group plc

19 Sep 24

Financial summary

Financial statements Chart TW financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.17 bn	1.17 bn	1.17 bn	1.17 bn	1.17 bn	1.17 bn
Cash burn (monthly)	181.50 mm	26.64 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	506.68 mm	74.37 mm	n/a	n/a	n/a	n/a
Cash remaining	668.05 mm	1.10 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	3.7	41.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

TW institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	433	385	+12.5%
Opened positions	91	120	-24.2%
Closed positions	43	57	-24.6%
Increased positions	172	117	+47.0%
Reduced positions	119	110	+8.2%

13F shares	Current	Prev Q	Change
Total value	9.98 tn	8.57 tn	+16.5%
Total shares	235.74 mm	223.50 mm	+5.5%
Total puts	162.90 k	219.90 k	-25.9%
Total calls	320.97 k	506.50 k	-36.6%
Total put/call ratio	0.5	0.4	+16.9%

Largest owners	Shares	Value	Change
LDNXF London Stock Exchange	119.92 mm	$8.79 bn	0.0%
T. Rowe Price	11.92 mm	$1.26 bn	+31.8%
Vanguard	11.25 mm	$1.19 tn	+4.9%
BLK BlackRock	10.49 mm	$1.11 tn	+0.6%
Wellington Management	8.23 mm	$871.88 bn	+47.5%
BEN Franklin Resources	4.05 mm	$429.54 bn	-6.8%
T. Rowe Price Investment Management	2.88 mm	$305.14 mm	-33.0%
Artisan Partners Limited Partnership	2.61 mm	$276.91 bn	-4.2%
STT State Street	2.52 mm	$267.06 bn	+2.8%
Allspring Global Investments	2.24 mm	$237.77 bn	-4.6%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price	11.92 mm	+2.88 mm	+31.8%
Wellington Management	8.23 mm	+2.65 mm	+47.5%
Primecap Management	1.60 mm	+1.60 mm	NEW
Norges Bank	1.59 mm	+1.59 mm	NEW
T. Rowe Price Investment Management	2.88 mm	-1.42 mm	-33.0%
Ownership Capital B.V.	1.70 mm	-829.09 k	-32.8%
Charles Schwab Investment Management	825.86 k	+825.86 k	NEW
American Century Companies	1.43 mm	+617.55 k	+75.7%
Connectus Wealth	0.00	-552.89 k	EXIT
Vanguard	11.25 mm	+528.34 k	+4.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Dec 24	William Hult	Class A common stock	Gift	Dispose G	No	No	0	1,315	0.00	189,284
6 Nov 24	William Hult	Class A common stock	Sell	Dispose S	No	Yes	127.6036	38,377	4.90 mm	190,599
6 Nov 24	Berns Steven	Class A common stock	Sell	Dispose S	No	Yes	133	731	97.22 k	2,843
1 Sep 24	Amy Clack	Class A common stock	Grant	Acquire A	No	No	0	15,566	0.00	15,566