On August 8, 2024, Spencer Neumann, Chief Financial Officer of Netflix Inc (NASDAQ:NFLX), sold 433 shares of the company’s stock. The transaction was performed at a price of $626.19 per share, as detailed in the SEC filing. Following this sale, the insider now owns 0 shares of Netflix Inc.
Netflix Inc. is a streaming entertainment service provider offering television series, documentaries, and feature films in a variety of genres and languages. The company offers a streaming library of subscription services that allow members to watch as much as they want, anytime, anywhere, and on any internet-enabled screen.
Over the past year, the insider has sold a total of 1,562 shares and made no purchases. This recent sale is part of a broader trend seen within the company. Over the past year, there were 42 insider sales and no insider purchases.
Netflix Inc. stock was trading at $626.19 on the day of the sale, giving the company a market capitalization of around $272.06 billion. The company’s price-to-earnings ratio is 39.62, which is above the industry median of 17.965.
According to GF Value, Netflix Inc.’s intrinsic value is estimated at $498.65 per share, making the stock slightly overvalued with a price-to-value ratio of 1.26.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.
This sale by the insider may be of interest to current and prospective investors as it provides insight into the insider’s view of the stock’s current valuation and future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
