On November 5, 2024, Timothy Haley, Director at Netflix Inc (NFLX, Financial), executed a sale of 11,090 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 0 shares of Netflix Inc.
Netflix Inc operates as a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail.
The shares were sold at a price of $757.96, valuing the transaction at approximately $8,406,780.40. This sale has adjusted the insider's stake in the company to zero shares.
Over the past year, the insider has sold a total of 11,090 shares and has not purchased any shares. The broader insider transaction history at Netflix Inc shows a trend with 0 insider buys and 59 insider sells over the past year.
Shares of Netflix Inc were trading at $757.96 on the day of the sale, giving the company a market cap of approximately $340.61 billion. The price-earnings ratio of the company stands at 45.09, which is above the industry median of 16.41.
According to the GF Value, the intrinsic value estimate for Netflix Inc is $520.03 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.46.
This sale by the insider might be of interest to investors tracking insider behaviors and the valuation metrics of Netflix Inc.
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.
