Insider Selling: Netflix (NASDAQ:NFLX) CFO Sells 9,248 Shares of Stock

Key Points

• Netflix CFO Spencer Adam Neumann sold 9,248 shares on Feb. 6 at an average price of $81.27 for about $751,585, reducing his stake by 11.14% to 73,787 shares (SEC filing).
• NFLX traded near $81.41 (down ~1%) and is close to its 52-week low; the company posted a slight EPS beat ($0.56 vs. $0.55) and revenue of $12.05B (+17.6%), with Q1 2026 EPS guidance of $0.76.
• Regulatory scrutiny is the main near-term overhang—a DOJ antitrust probe into the Warner Bros deal, plus analyst caution and active options flows, have increased volatility and investor wariness.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 9,248 shares of Netflix stock in a transaction on Friday, February 6th. The shares were sold at an average price of $81.27, for a total value of $751,584.96. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,996,669.49. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Netflix Stock Down 1.0%

Netflix stock traded down $0.79 during mid-day trading on Monday, hitting $81.41. The company's stock had a trading volume of 42,142,647 shares, compared to its average volume of 51,203,508. Netflix, Inc. has a 52-week low of $79.22 and a 52-week high of $134.12. The company has a market cap of $343.73 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19. The firm's 50 day moving average is $91.26 and its 200 day moving average is $108.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's quarterly revenue was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Market leadership reminder — A MarketBeat piece highlights Netflix as one of two subscription-economy leaders that still dominate their niches, reinforcing Netflix’s long-term competitive position and potential as a buy-low opportunity. 2 Subscription Economy Winners That Still Dominate Their Niches
• Positive Sentiment: Options/flows indicate investor interest — Options traders have been active in NFLX after earnings, signaling elevated volatility and that some market participants are positioning for a directional move (could amplify rallies or declines). Options Traders Have Been Eyeing Netflix Stock After Earnings
• Neutral Sentiment: Management pushes back — Netflix’s chief global affairs officer called the DOJ’s antitrust probe “ordinary course of business,” attempting to downplay regulatory risk; this may reassure some investors but doesn’t remove the uncertainty. Netflix exec calls DOJ probe into $82.7B Warner Bros deal 'ordinary course of business'
• Neutral Sentiment: Public interviews reiterate stance — Clete Willems repeated the same “ordinary” framing on TV, a short-term calming signal but unlikely to change regulatory outcomes. DOJ antitrust probe on Netflix's Warner Bros bid ‘TOTALLY ORDINARY,' exec says
• Neutral Sentiment: Industry labor context — Coverage of SAG-AFTRA comments (Sean Astin) highlights ongoing talent/AI issues that could affect content costs and negotiations, but no immediate Netflix-specific disruption reported. Sean Astin's takes on the threat of AI, Fran Drescher and a 'Goonies' sequel
• Negative Sentiment: Regulatory scrutiny remains the main overhang — Multiple reports flag DOJ antitrust scrutiny, a Senate Judiciary hearing and analyst concerns that the Warner Bros deal could face significant hurdles—this is the primary near-term catalyst pressuring the stock. Will Netflix Turn to ESPN If It Misses Out on Warner Bros. Discovery?
• Negative Sentiment: Analyst caution and red-flag commentary — Opinion pieces and analyst notes (Forbes and others) point to slowing growth risks, possible pause of buybacks and historical volatility as reasons for continued investor wariness. Is The Netflix Party Over? Watch Out For These 3 Red Flags
• Negative Sentiment: Deep pullback narratives — Recent analysis asking whether the stock is “too cheap to ignore” after large declines highlights that sentiment has turned bearish and volatility remains elevated. Netflix Stock Tanks 39% — Is It Too Cheap to Ignore?

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Financial Corp IN increased its holdings in Netflix by 900.0% in the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its position in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after buying an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. raised its holdings in shares of Netflix by 13,400.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 268 shares during the last quarter. Imprint Wealth LLC bought a new position in shares of Netflix in the third quarter valued at approximately $25,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $28,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. KGI Securities raised Netflix from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Monday, November 3rd. William Blair reissued an "outperform" rating on shares of Netflix in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Netflix from $127.50 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, November 18th. Pivotal Research cut their price target on shares of Netflix from $105.00 to $95.00 and set a "hold" rating for the company in a report on Wednesday, January 21st. Finally, BMO Capital Markets decreased their price objective on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $116.08.

Netflix Company Profile

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.

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