On September 25, 2024, Gregory Peters, Co-Chief Executive Officer of Netflix Inc (NFLX, Financial), sold 4,392 shares of the company. The transaction was executed at a price of $725 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 13,090 shares of Netflix Inc.
Netflix Inc, a leader in the entertainment industry, provides 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, and can play, pause, and resume watching without commercials or commitments.
Over the past year, Gregory Peters has sold a total of 60,090 shares and has not made any purchases of the company's stock. This recent transaction follows a pattern observed over the last year, where Netflix Inc has seen a total of 51 insider sells and no insider buys.
Shares of Netflix Inc were trading at $725 on the day of the sale, giving the company a market cap of approximately $305.32 billion. The price-earnings ratio of the company stands at 44.46, which is above the industry median of 17.445.
The stock's valuation metrics show that Netflix Inc is currently trading above its intrinsic value, as indicated by a GF Value of $508.24, leading to a price-to-GF-Value ratio of 1.43. This suggests that the stock is significantly overvalued.
This insider sale might draw the attention of investors, especially considering the company's current valuation and the ongoing trends in insider transactions.
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