Netflix (NASDAQ:NFLX) CFO Spencer Adam Neumann Sells 9,253 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Spencer Adam Neumann also recently made the following trade(s):

• On Thursday, April 2nd, Spencer Adam Neumann sold 28,630 shares of Netflix stock. The stock was sold at an average price of $98.00, for a total value of $2,805,740.00.
• On Monday, March 2nd, Spencer Adam Neumann sold 28,630 shares of Netflix stock. The stock was sold at an average price of $97.00, for a total value of $2,777,110.00.
• On Friday, February 27th, Spencer Adam Neumann sold 57,260 shares of Netflix stock. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00.
• On Friday, February 6th, Spencer Adam Neumann sold 9,248 shares of Netflix stock. The stock was sold at an average price of $81.27, for a total value of $751,584.96.

Netflix Trading Up 0.0%

Shares of NFLX stock opened at $88.27 on Friday. The firm has a market capitalization of $371.70 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.13 and a beta of 1.55. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $95.44 and its 200 day simple moving average is $96.08.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.Netflix’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NFLX. Robert W. Baird cut their target price on Netflix from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Phillip Securities lifted their target price on Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Freedom Capital raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Rosenblatt Securities cut their target price on Netflix from $96.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $114.82.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong reviews for Netflix’s new drama “Remarkably Bright Creatures” (Sally Field) could help engagement and retention for the content slate — a near‑term programming win that supports subscriber momentum. Remarkably Bright Creatures Review
• Positive Sentiment: Analyst upgrades, raised price targets and buyback commentary provide supportive fundamental narrative — analysts have bumped targets and some sector pieces highlight buyback plans that could reduce float and underpin the stock. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large Q1 loss centers on a one‑time $2.8B termination fee tied to the failed acquisition sequence — headlines mention Netflix’s role in the M&A settlement but this is an accounting/one‑off item for WBD rather than recurring demand signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Market/technical commentary is mixed: some analysts call the post‑earnings pullback overdone while others warn of resistance near ~$100 and ongoing volatility — these views temper conviction in near‑term direction. Is It Time To Reassess Netflix?
• Negative Sentiment: Concentrated insider selling: CEO Greg Peters sold 27,312 shares (~$88.69 avg) and CFO Spencer Neumann sold 9,253 shares (~$88.95 avg) on May 7 — sizable, visible exec sales (and other recent insider exits) increase perceived supply pressure and can amplify short‑term selling. Insider Selling: Netflix CEO Sells Shares
• Negative Sentiment: Analyst/technical headwinds: clustered price targets below prior highs and short positioning are cited in trading commentary as reasons for continued downside risk and intraday weakness. What’s Going On With Netflix Stock?

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Resolute Advisors LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $239,000. Alpha Zero LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $299,000. Johnson Financial Group Inc. lifted its stake in shares of Netflix by 18.0% in the 1st quarter. Johnson Financial Group Inc. now owns 38,861 shares of the Internet television network’s stock valued at $3,736,000 after purchasing an additional 5,934 shares during the period. JSF Financial LLC lifted its stake in shares of Netflix by 7.9% in the 1st quarter. JSF Financial LLC now owns 6,463 shares of the Internet television network’s stock valued at $621,000 after purchasing an additional 473 shares during the period. Finally, Amova Asset Management Americas Inc. lifted its stake in shares of Netflix by 39.9% in the 1st quarter. Amova Asset Management Americas Inc. now owns 186,356 shares of the Internet television network’s stock valued at $17,918,000 after purchasing an additional 53,176 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.