Netflix (NFLX) Director Jay Hoag Scoops Up 600,000 Shares
Get Alerts NFLX Hot Sheet
Join SI Premium – FREE
In a filing after the close, Netflix (NASDAQ: NFLX) saw a rare insider buy. Director, Jay Hoag, disclosed the purchase of 600,000 shares. Data showed he bought 200,000 shares on three consecutive trading days: 07/21/16, 07/22/16 and 07/25/16. Average prices paid were $85.93-$87.60.
The buying comes as the stock is down 23% YTD and 11% since earnings on July 18, when the company posted disappointing subscriber numbers.
Jay Hoag has served as one of Netflix's directors since 1999. Since 1995, Mr. Hoag has served as a founding General Partner at Technology Crossover Ventures, a venture capital firm. Mr. Hoag serves on the board of directors of Electronic Arts, Inc., TechTarget, Zillow Group, Inc. and several private companies. Mr. Hoag is on the Investment Advisory Committee at the University of Michigan, the Board of Trustees of Northwestern University, and the Board of Trust at the Vanderbilt University. Previously, Mr. Hoag has served on the board of directors of numerous other public and private companies. Mr. Hoag holds an M.B.A. from the University of Michigan and a B.A. from Northwestern University.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canoo Inc. (GOEV) Provides Update on $62M Share Pre-Paid Advance Agreement
- Worksport (WKSP) Announces Pricing Of Approximately $2.8 Million Registered Direct Offering & Concurrent Private Placement Priced At-the-market Under Nasdaq Rules
- Charles Schwab Corp. (SCHW) PT Raised to $77 at Deutsche Bank, 'Still Rough Seas Until Smoother Sailing into Summer'
Create E-mail Alert Related Categories
Hot Insider Trades, Insider TradesRelated Entities
Earnings, AdComSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!