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Ann Mather, a director at Netflix Inc. (NASDAQ:NFLX), made significant transactions involving the company’s stock on February 3, 2025. Mather sold 2,682 shares of Netflix common stock at a price of $973 per share, totaling approximately $2.6 million. This sale was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. The transaction comes as Netflix, now valued at $425.5 billion, trades near its 52-week high of $1,008, with InvestingPro analysis indicating the stock is currently trading above its Fair Value.
In addition to the sale, Mather executed a series of stock option exercises, acquiring a total of 2,348 shares at prices ranging from $127.49 to $198. These transactions, classified as acquisitions, amounted to a total of $437,361. Following these activities, Mather no longer holds any shares directly, as per the filing. The timing of these transactions aligns with Netflix’s remarkable performance, showing a 77% return over the past year and maintaining a perfect Piotroski Score of 9, according to InvestingPro data.
These transactions reflect Mather’s strategic financial management within her role as a director at Netflix, aligning with the company’s governance and compliance frameworks. For deeper insights into Netflix’s insider trading patterns and comprehensive financial analysis, including 20+ additional ProTips, access the full Pro Research Report available on InvestingPro.
In other recent news, Netflix has announced the premiere date for the third and final season of its popular series, ’Squid Game’, set to be available for streaming exclusively on Netflix from June 27. On the business side, the United Kingdom (TADAWUL:4280) is contemplating a change to the BBC license fee, which may affect households using only streaming services such as Netflix. In analyst action, Phillip Securities has downgraded the Netflix stock rating from Neutral to Reduce, despite raising the price target to $870 from the previous $695. Loop Capital Markets, on the other hand, has increased its price target for Netflix shares to $1,000 from the previous $925, while retaining a Hold rating on the stock. Additionally, Guggenheim analysts have raised the price target on Netflix shares to $1,100 from the previous $950, reiterating a Buy rating. These are recent developments related to Netflix’s business and content offerings.
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