CFO Spencer Neumann offloads Netflix Inc (NFLX) shares

Netflix Inc’s Chief Financial Officer, Spencer Neumann, made headlines on May 9, 2024, when he sold 564 shares of the company, according to a recent SEC filing. This transaction adds to the total of 1,129 shares Neumann has sold over the past year, without any purchases.

Netflix Inc (NASDAQ:NFLX), known for its vast array of award-winning TV series, documentaries, feature films, and mobile games, offers members unlimited streaming on any internet-connected device. With shares priced at $613.08 on the day of the sale, the company’s market cap reached approximately $263.22 billion, with a price-earnings ratio of 42.39, higher than the industry median.

The stock’s GF Value is calculated at $477.14, indicating a modest overvaluation with a price-to-GF-Value ratio of 1.28. This valuation is based on historical multiples like price-earnings ratio and price-sales ratio, adjusted by a GuruFocus factor for past returns and growth, along with future performance estimates from Morningstar analysts.

Notably, there have been no insider buys and 49 insider sells at Netflix Inc over the past year, reflecting a trend of insider sales within the company. Neumann’s recent sale aligns with this pattern, suggesting a continued trend of insider activity.

While this news provides valuable insights into Netflix Inc’s financial activities, it is important to note that this article is not personalized financial advice and should not be used as a basis for investment decisions.