On September 10, 2024, Jennifer Newstead, Chief Legal Officer of Meta Platforms Inc (META, Financial), sold 905 shares of the company. The transaction was reported in an SEC Filing. Following this sale, the insider now owns 37,817 shares of Meta Platforms Inc.
Meta Platforms Inc, formerly known as Facebook, operates as a social media conglomerate, including platforms such as Facebook, Instagram, and WhatsApp among others. The company focuses on connecting people through technology and has expanded its business to include virtual reality and advertisements.
Over the past year, the insider has sold a total of 36,574 shares and has not made any purchases. This recent sale is part of a broader trend observed at Meta Platforms Inc, where there have been 284 insider sells and no insider buys over the past year.
On the day of the sale, shares of Meta Platforms Inc were trading at $507.63. This pricing gives the company a market cap of approximately $1,329.72 billion. The price-earnings ratio of the company stands at 26.13, which is above the industry median of 19.56.
According to the GF Value, the intrinsic value estimate for Meta Platforms Inc is $384.33 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.32. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics, including the price-to-free cash flow and other financial ratios.
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.
