Tradeweb Markets Inc. (NASDAQ: TW) reported insider sales this week after Chief Legal Officer Douglas Friedman disposed of Class A common stock totaling $351,566 on March 20 and March 23, according to a Form 4 filing with the Securities and Exchange Commission.
The Form 4 shows Friedman sold 2,219 shares on March 20 at a weighted average price of $125.1235 per share, generating $277,658 in proceeds. The reported sale prices for that tranche ranged from $124.03 to $125.78. On March 23, Friedman sold an additional 592 shares at $124.86 per share, adding $73,908 to the total amount sold.
After these transactions, Friedman is recorded as directly owning 13,921 shares of Tradeweb Markets Inc. The disclosure notes that the sales were conducted under a Rule 10b5-1 trading plan that Friedman adopted on November 3, 2025.
At the time of the filing, the stock was trading at $123.34, which is slightly below the prices at which Friedman sold shares. Despite trading modestly below the recent sale levels, the company’s shares have produced a 15.6% return year-to-date.
Separate analysis from InvestingPro assesses Tradeweb as appearing undervalued versus its Fair Value and lists the company among names on the Most Undervalued list. The firm is assigned a market value of $29.1 billion and holds a "GREAT" financial health score, according to the InvestingPro summary. Investors seeking deeper valuation and growth analysis can consult the Pro Research Report available for this company and more than 1,400 other U.S. equities.
Tradeweb has also reported recent operational and financial updates. For the fourth quarter of 2025 the company delivered earnings per share of $0.87, beating the Wall Street expectation of $0.84, and posted record quarterly revenue of $521.2 million versus the anticipated $515.54 million. The company announced a strategic partnership with Kalshi, a regulated prediction market platform, under which Tradeweb will make a minority investment and aims to increase institutional access to event contracts and prediction market data.
Operational volume metrics released by Tradeweb indicate continued growth. In February 2026 the company reported total trading volume of $61.8 trillion, a 23.4% increase year-over-year. Average daily volume for U.S. government bonds rose 6.4% to $268.4 billion, while European government bond average daily volume increased 34.5% to $77.3 billion. Tradeweb also broadened its dealer algorithmic execution offering for U.S. Treasuries by adding strategies from Citi and RBC Capital Markets.
These financial results, trading-volume gains and product enhancements underscore the company’s efforts to strengthen its trading platform and expand market presence.