Yahoo Finance Insider Sale: Chief Legal Officer David Hyman Sells Shares of Netflix Inc (NFLX)
On May 3, 2024, David Hyman, Chief Legal Officer of Netflix Inc (NASDAQ:NFLX), sold 268 shares of the company. The transaction was filed on the same day with the SEC.
Netflix Inc (NASDAQ:NFLX), a leading streaming entertainment service, offers a wide variety of award-winning TV series, documentaries, feature films, and mobile games across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen.
Over the past year, the insider has sold a total of 67,985 shares and has not made any purchases. This recent sale is part of a broader trend observed over the past year, where Netflix Inc has seen a total of 48 insider sells and no insider buys.
Shares of Netflix Inc were trading at $593.62 on the day of the sale, giving the company a market cap of approximately $260.26 billion. The price-earnings ratio of the stock stands at 41.92, which is above the industry median of 19.
According to the GF Value, the intrinsic value of Netflix Inc is estimated at $476.72 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.25.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider sentiment at one of the leading companies in the streaming entertainment industry.
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.
This article first appeared on GuruFocus.
