Hastings Reed, an insider at Netflix Inc (NFLX), sold 32,493 shares of the company's stock on October 30, 2025, at a price of $1,118.52 per share, resulting in a total transaction value of $36.34 million. Following this transaction, Reed holds 32,493 shares of Netflix.
Insider selling can occur for various reasons, including diversification, tax planning, and personal financial needs. While significant selling patterns may attract attention, routine sales by insiders do not necessarily reflect negative sentiment towards the company.
Such decisions reflect individual circumstances rather than broader company performance. It is important for investors to avoid drawing conclusions based solely on isolated transactions. Instead, examining patterns of insider activity across multiple executives and time periods offers a more comprehensive perspective.
Netflix, headquartered in Los Gatos, California, operates in the media industry and employs 14,000 full-time staff. The firm, which went public on May 23, 2002, provides entertainment services globally, with paid memberships in over 190 countries. Its offerings include a vast array of television series, films, and games, accessible through various internet-connected devices. The company is engaged in expanding its streaming service by introducing games, advertising, and live programming.
As of November 20, 2025, Netflix's market capitalisation stands at $464.3 billion, with a price-to-earnings ratio of 44.51 and earnings per share of 2.39. The company is set to announce its next earnings report on April 15, 2026, with an estimated EPS of $0.83 and revenue of $12.4 billion.