Netflix (NASDAQ:NFLX) CFO Spencer Adam Neumann Sells 28,630 Shares

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 28,630 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total value of $2,805,740.00. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,231,126. This trade represents a 27.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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 stock was sold at an average price of $81.27, for a total transaction of $751,584.96.

Netflix Stock Performance

Shares of NASDAQ NFLX remained flat at $98.66 during midday trading on Friday. 37,013,743 shares of the stock were exchanged, compared to its average volume of 39,367,524. The company has a market cap of $416.56 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a fifty day simple moving average of $88.03 and a 200 day simple moving average of $99.87.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Netflix’s revenue for the quarter was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Recent subscription price increases are expected to lift ARPU and near‑term revenue, and most analysts/media expect limited churn — this supports earnings upside. Netflix Is Raising Prices Again: What It Means for Investors
• Positive Sentiment: Large institutional buying and some price‑target lifts (one firm raised NFLX to $134) provide demand/support beneath the share price, signaling confidence from major investors and some analysts. Netflix (NASDAQ:NFLX) Price Target Raised to $134.00
• Neutral Sentiment: Options and near‑term earnings positioning: traders are pricing a meaningful move into Q1 results (options strategies like iron condors are being discussed) — raises short‑term volatility but not directional conviction for the stock itself. Trade Netflix Stock with This Iron Condor Strategy to See a 23% Return in Just 3 Weeks
• Neutral Sentiment: New commercial distribution deals (e.g., EverPass for a major boxing event) slightly expand non‑subscription revenue channels but are modest relative to core business. EverPass Media Expands Relationship with Netflix
• Negative Sentiment: Italian court ruled Netflix’s 2017–2024 price‑hike clauses void and ordered refunds to subscribers — this creates potential one‑time liability, reputational risk in Europe and could spur similar claims elsewhere. Netflix will appeal. Italian court rules Netflix price‑hike clauses are void, orders refunds
• Negative Sentiment: Board chair Reed Hastings sold ~420,550 shares under a pre‑arranged 10b5‑1 plan (≈$40M) — large insider sales can spook some investors even if pre‑planned, since they reduce insider exposure. Reed Hastings Sells 420,550 Shares of Netflix (NASDAQ:NFLX) Stock
• Negative Sentiment: Deal speculation (a reported US$42.2B Warner‑style acquisition) and commentary about derating/ acquisition concerns pressure views on capital discipline and potential leverage — raises risk premium if pursued. Netflix’s US$42.2b Warner Bros. Deal Tests Growth And Discipline

Institutional Trading of Netflix

Several large investors have recently made changes to their positions in the company. Old North State Trust LLC increased its position in Netflix by 1,157.3% in the 4th quarter. Old North State Trust LLC now owns 14,082 shares of the Internet television network’s stock valued at $1,320,000 after buying an additional 12,962 shares in the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in Netflix in the fourth quarter valued at approximately $826,000. Purpose Unlimited Inc. acquired a new stake in Netflix in the fourth quarter valued at approximately $6,230,000. Painted Porch Advisors LLC increased its holdings in shares of Netflix by 902.1% during the fourth quarter. Painted Porch Advisors LLC now owns 4,810 shares of the Internet television network’s stock valued at $451,000 after acquiring an additional 4,330 shares in the last quarter. Finally, Stance Capital LLC increased its holdings in shares of Netflix by 1,213.7% during the fourth quarter. Stance Capital LLC now owns 14,858 shares of the Internet television network’s stock valued at $1,393,000 after acquiring an additional 13,727 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NFLX shares. Piper Sandler reissued a “positive” rating and issued a $103.00 price objective (down from $140.00) on shares of Netflix in a research report on Wednesday, January 21st. Rothschild & Co Redburn set a $120.00 target price on Netflix in a research note on Wednesday, January 21st. Evercore assumed coverage on Netflix in a report on Friday, February 27th. They issued an “outperform” rating and a $115.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Netflix in a research note on Friday, February 20th. Finally, Citigroup started coverage on Netflix in a report on Wednesday, March 18th. They set a “buy” rating and a $115.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $114.57.

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.