Hastings Reed, an insider at Netflix Inc (NFLX), sold 3,030 shares of the company on October 30, 2025, at a price of $1,129.73 per share, totaling $3.42 million. Following this transaction, Reed retains 3,030 shares in the streaming giant.
This sale is part of Reed's broader financial strategy, which may include diversification, tax planning, or personal financial needs. While such insider selling can prompt scrutiny, it does not inherently reflect negative sentiment about the company. Investors are advised to consider insider transactions as one piece of a larger puzzle, alongside other fundamental and technical indicators.
Netflix, headquartered in Los Gatos, California, operates in the media industry and employs 14,000 full-time staff. The company, which went public on May 23, 2002, provides entertainment services and has over 190 million paid memberships globally. Its offerings include a wide array of TV series, films, and games, enabling members to watch content anytime, anywhere.
As of November 20, 2025, Netflix boasts a market cap of $464.3 billion, with a P/E ratio of 44.51 and an EPS of 2.39. Investors will be closely watching the upcoming earnings reports, with estimates of $0.83 EPS and $12.4 billion revenue for April 15, 2026, and $0.88 EPS and $12.8 billion revenue for July 15, 2026.
Understanding insider transactions requires a comprehensive view, considering patterns across multiple insiders and time periods rather than isolated sales.