Spencer Adam Neumann Sells 9,248 Shares of Netflix (NASDAQ:NFLX) Stock

Posted by Stanley Muller on Aug 12th, 2026

Netflix, Inc. (NASDAQ:NFLX – Get Free Report) CFO Spencer Adam Neumann sold 9,248 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Netflix Price Performance

NASDAQ:NFLX opened at $74.79 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $311.42 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The company has a 50 day moving average price of $74.96 and a 200-day moving average price of $84.70. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.71.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Netflix reported that advertising commitments for its 2026 U.S. Upfront negotiations nearly doubled year over year. The result strengthens the case that advertising is becoming an important growth engine and supports management’s goal of reaching approximately $3 billion in annual ad revenue by 2026. Netflix Wraps Upfront, Volume Nearly Doubled
Positive Sentiment: Some analysts and commentators view the sell-off as a potential buying opportunity, citing Netflix’s lower valuation, possible earnings catalysts and consensus price targets that imply substantial upside. Analysts See Upside in Netflix
Neutral Sentiment: Coverage remains divided on whether Netflix can maintain its long-term dominance. Bullish investors point to predictable streaming growth and advertising, while skeptics question whether the company’s premium valuation is justified relative to competitors such as Disney. Is Netflix’s Long-Term Dominance Under Threat?
Neutral Sentiment: Take-Two Interactive’s CEO said the company is not interested in selling to Netflix or another buyer. Although the companies’ partnership around a Grand Theft Auto 6 trailer fueled takeover speculation, the comments remove a potential acquisition catalyst rather than changing Netflix’s core operations. Take-Two Is Not Interested in Selling
Negative Sentiment: A Seeking Alpha analysis downgraded Netflix, citing underestimated industry trends and the risk that advertising or other initiatives could cannibalize existing subscription economics. These concerns may be contributing to investor caution despite the strong Upfront results. Netflix Downgrade Analysis
Negative Sentiment: Chief Financial Officer Spencer Adam Neumann sold 9,248 shares for roughly $701,000, reducing his direct holdings by 11.14%. The sale may weigh modestly on sentiment, although insider transactions do not necessarily signal a change in Netflix’s business outlook. Netflix SEC Form 4 Filing

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Daiwa Securities Group raised their target price on Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Netflix in a research report on Monday, July 20th. Erste Group Bank cut Netflix from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Sanford C. Bernstein set a $95.00 target price on Netflix and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company set a $80.00 target price on Netflix and gave the company an “equal weight” rating in a research report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.48.

View Our Latest Stock Report on Netflix

Institutional Investors Weigh In On Netflix

Several institutional investors have recently bought and sold shares of the company. Turning Point Benefit Group Inc. boosted its stake in shares of Netflix by 13,400.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC purchased a new stake in shares of Netflix during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Netflix in the 4th quarter valued at $26,000. Atlas Capital Advisors Inc. acquired a new position in Netflix in the 4th quarter valued at $26,000. Finally, Jessup Wealth Management Inc purchased a new position in Netflix in the 4th quarter valued at $27,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

(Get Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.