On October 10, 2024, Leslie Kilgore, Director at Netflix Inc (NFLX, Financial), sold 383 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 35,262 shares of Netflix Inc. The shares were sold at a price of $730 each.
Netflix Inc, a leader in the streaming content industry, offers a wide variety of award-winning TV series, documentaries, feature films, and mobile games across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen, and can play, pause, and resume watching without commercials.
Over the past year, Leslie Kilgore has engaged in multiple transactions involving the company's stock, selling a total of 3,011 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where there have been 51 insider sells and no insider buys over the past year.
Shares of Netflix Inc were trading at $730 on the day of the sale, giving the company a market cap of approximately $310.20 billion. The price-earnings ratio of the company stands at 45.17, which is above the industry median of 16.795.
The stock's valuation, according to the GF Value, is set at $511.33, indicating that at the current price of $730, Netflix Inc is significantly overvalued with a price-to-GF-Value ratio of 1.43.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This insider sale might be of interest to investors tracking insider behaviors and company valuation metrics to understand market sentiment and potential future stock movements.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
