Chief Legal Officer Jennifer Newstead sold 905 shares of Meta Platforms Inc (META, Financial) on September 3, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 38,722 shares of the company.
Meta Platforms Inc, known for its social media and technology innovations, operates globally providing platforms such as Facebook, Instagram, and WhatsApp among others. The company has been a key player in digital advertising and is exploring further into virtual reality and artificial intelligence.
On the day of the sale, shares of Meta Platforms Inc were priced at $520, valuing the company with a market cap of approximately $1,308.09 billion. The price-earnings ratio stood at 26.38, indicating a valuation higher than the industry median of 19.83 but lower than the company's historical median.
The GF Value of the stock is $383.01, suggesting that Meta Platforms Inc is significantly overvalued with a price-to-GF-Value ratio of 1.36.
Over the past year, Jennifer Newstead has sold a total of 36,339 shares of Meta Platforms Inc and has not made any purchases. The overall insider transaction history for the company shows a trend with 283 insider sells and no insider buys over the same period.
This insider activity occurs amidst a backdrop where the stock's valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow are considered alongside historical performance and future business estimates from analysts.
The sale by the insider might be of interest to investors tracking insider behaviors as an indicator of the company's future performance and stock valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
