Netflix CFO Spencer Neumann sells $2.55 million in stock

In a recent financial move, Spencer Neumann, Chief Financial Officer of Netflix Inc. (NASDAQ:NFLX), sold a substantial amount of company stock. According to a filing with the Securities and Exchange Commission, Neumann sold shares valued at approximately $2.55 million on March 3, 2025. The transaction comes as Netflix, now valued at over $416 billion, has delivered an impressive 62.5% return over the past year, according to InvestingPro data. The sale involved multiple transactions executed at prices ranging from $967.51 to $992.96 per share.

Additionally, Neumann exercised stock options to acquire shares with a total value of $906,373. These transactions were part of a pre-established trading plan under Rule 10b5-1, which allows insiders to set up a trading plan for selling stocks they own. This ensures that the transactions are made in a systematic manner, avoiding any potential insider trading violations.

Following these transactions, Neumann’s direct ownership of Netflix shares stands at 3,691 shares. For comprehensive insider trading analysis and 18 additional key ProTips about Netflix’s valuation and performance, visit InvestingPro.

In other recent news, Netflix has announced a $1 billion investment plan for film and TV production in Mexico over the next four years. This initiative was revealed by CEO Ted Sarandos during a press conference in Mexico City, highlighting potential job creation across various sectors, including hospitality and tourism. Additionally, Netflix’s exploration into new content avenues such as video podcasting and live events aligns with its strategy to broaden its total addressable market and enhance user engagement. Bernstein analysts maintained an Outperform rating on Netflix stock, with a $1,200 price target, emphasizing the importance of return on investment through these strategic expansions. The firm noted that while Netflix’s subscriber growth opportunities remain strong internationally, there are signs of market saturation in some regions. In other developments, Netflix announced the premiere date for the third and final season of ’Squid Game’ on June 27, promising heightened suspense and drama for viewers. Meanwhile, the United Kingdom (TADAWUL:4280) is considering extending the BBC license fee to streaming service users, which could impact platforms like Netflix. These discussions are part of broader efforts to update the funding model for public-service broadcasting in the UK.

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