HASTINGS REED, an insider at Netflix Inc (NFLX), sold 10,015 shares on September 1, 2025, at a price of $1,209.94 per share, totaling $12.12 million. Following this transaction, REED retains 10,015 shares of the company.
Netflix, headquartered in Los Gatos, California, provides entertainment services to over 190 countries. The company, which went public on May 23, 2002, has a market capitalization of $464.3 billion and a P/E ratio of 44.51. Its upcoming earnings report is scheduled for April 15, 2026, with an estimated EPS of $0.83 and revenue of $12.4 billion.
Insider sales can occur for various reasons, including diversification and personal financial needs. However, such transactions should not solely drive investment decisions, as they may reflect personal circumstances rather than company outlook. Investors are advised to consider insider activities in the context of broader patterns across multiple insiders and timeframes.