Netflix (NASDAQ:NFLX) Stock Price Down 2% Following Insider Selling

Netflix (NASDAQ:NFLX) shares dropped 2% after insider selling, including CFO Spencer Neumann's sale of 9,248 shares for approximately $701,000. Other executives and a director also reduced their holdings. Despite these sales and some analyst downgrades, the consensus rating remains a "Moderate Buy" with an average price target significantly higher than the current trading price. The company's advertising business is showing strong growth, though analysts express concerns about potential cannibalization of subscription revenue.