Hastings Reed, an insider at Netflix Inc (NFLX), sold 1,049 shares of the company's stock on October 30, 2025, at a price of $1,130.84 per share. This transaction amounted to a total value of $1.19 million. Following this sale, Reed retains 1,049 shares in Netflix.
This move underscores the complexities of insider trading. While it might raise questions among investors, insider sales can occur for various reasons, including diversification, tax planning, or personal financial needs. It's essential to note that routine sales do not inherently signal negative sentiments about the company.
Insider transactions are reported to the SEC, providing transparency regarding how executives and board members perceive their stock. However, a single insider's selling activity should not be the sole basis for investment decisions. Investors are encouraged to look at broader patterns of insider activity across multiple individuals and time periods to gain a more comprehensive view.
Netflix, headquartered in Los Gatos, California, is a leading provider of entertainment services, employing 14,000 full-time employees. The company, which went public on May 23, 2002, is known for its extensive content library and original programming available to paid members in over 190 countries. As of November 20, 2025, Netflix boasts a market capitalization of $464.3 billion, a P/E ratio of 44.51, and an EPS of 2.39. Upcoming earnings are scheduled for April 15, 2026, with an estimated EPS of $0.83 and revenue of $12.4 billion, followed by another report on July 15, 2026, with an estimated EPS of $0.88 and revenue of $12.8 billion.