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

Key Points

• On May 7 Netflix CFO Spencer Adam Neumann sold 9,253 shares at an average price of $88.95 for about $823,054, leaving him with 73,787 shares (an 11.14% reduction in his stake).
• This sale is the latest in a series of sizable insider dispositions earlier this year (multiple large sales in Feb–Apr), which market participants say increases near‑term supply and has weighed on sentiment.
• Netflix beat Q1 estimates with EPS of $1.23 vs. $0.76 and revenue of $12.25 billion, set Q2 EPS guidance of $0.78, and carries a Wall Street average target of about $114.82 with a "Moderate Buy" consensus.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 9,253 shares of the firm's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

Netflix Stock Up 0.0%

Shares of NASDAQ:NFLX traded up $0.00 during trading on Thursday, reaching $88.27. The stock had a trading volume of 30,519,364 shares, compared to its average volume of 47,032,965. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a market capitalization of $371.70 billion, a P/E ratio of 28.51, a PEG ratio of 1.13 and a beta of 1.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $95.24 and its 200 day simple moving average is $96.30.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. During the same period last year, the business earned $6.61 EPS. The company's revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts expect that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Buyback/bullish framing — Coverage grouping Netflix with other consumer‑discretionary names discussing buybacks may provide support to the stock over time as buybacks reduce float and signal management confidence. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Positive Sentiment: Second‑half recovery thesis — Research notes (TipRanks) argue the first half looks soft but that the bull case centers on stronger second‑half revenue/earnings, giving holders a path to upside if execution improves. Netflix’s (NFLX) First Half Is Soft. The Second Half Is Where the Bull Case Lives
• Neutral Sentiment: Valuation/technical reassessment pieces — Several writeups (Yahoo, 247WallSt) urge investors to reassess fair value after recent pullbacks; these are more interpretive than news-driving, so they temper sentiment but don’t force immediate moves. Is It Time To Reassess Netflix (NFLX) After Recent Share Price Weakness
• Neutral Sentiment: Sector/peer dynamics — Disney’s stronger-than-expected results have pushed streaming peers into comparative focus; this can magnify moves in NFLX but is not a Netflix-specific catalyst. Disney Stock Is Up 8% Today: Is It Outperforming Other Streaming Stocks Like Netflix and Warner Bros. Discovery?
• Negative Sentiment: Large insider sales — Multiple filings show big pre‑arranged sales (Reed Hastings, CEO Ted Sarandos and others) that increase near‑term supply and are being read by some traders as a negative signal, despite explanations that sales were to cover taxes/10b5‑1 plans. Top Netflix Insiders Cash Out in Major Stock Move
• Negative Sentiment: Technical/analyst pressure — Several market notes point to price targets clustered below prior highs and technical resistance near ~$100; that resistance plus positioning and short interest helps explain intraday weakness. What's Going On With Netflix Stock Tuesday?
• Negative Sentiment: M&A/accounting headlines in the sector — Big headlines about Warner Bros. Discovery booking a ~$2.8B loss tied to a termination fee have created sector noise; that M&A fallout is depressing sentiment for media stocks generally even if Netflix itself is not directly impaired. Warner Bros. Discovery Q1 Earnings Miss Estimates, Revenues Fall Y/Y

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Netflix in a research note on Monday, March 9th. They issued an "equal weight" rating and a $105.00 target price for the company. Jefferies Financial Group lowered their target price on shares of Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, April 17th. Weiss Ratings upgraded shares of Netflix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. TD Cowen lowered their target price on shares of Netflix from $115.00 to $112.00 and set a "buy" rating for the company in a research note on Wednesday, January 21st. Finally, Citic Securities lifted their target price on shares of Netflix from $95.00 to $107.00 and gave the stock a "hold" rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $114.82.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Crews Bank & Trust lifted its stake in shares of Netflix by 5.8% in the 3rd quarter. Crews Bank & Trust now owns 164 shares of the Internet television network's stock valued at $197,000 after purchasing an additional 9 shares during the period. Apriem Advisors raised its position in Netflix by 0.6% during the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock worth $1,879,000 after acquiring an additional 9 shares during the period. Tortoise Investment Management LLC raised its position in Netflix by 10.8% during the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock worth $110,000 after acquiring an additional 9 shares during the period. Pacific Sun Financial Corp raised its position in Netflix by 1.6% during the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock worth $688,000 after acquiring an additional 9 shares during the period. Finally, Brass Tax Wealth Management Inc. raised its position in Netflix by 3.2% during the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock worth $345,000 after acquiring an additional 9 shares during the period. 80.93% of the stock is currently 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.

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