On September 17, 2024, Jennifer Newstead, Chief Legal Officer of Meta Platforms Inc (META, Financial), sold 905 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 36,912 shares of Meta Platforms Inc.
Meta Platforms Inc, formerly known as Facebook, operates as a social technology company worldwide. It builds technologies that help people connect, find communities, and grow businesses.
Over the past year, Jennifer Newstead has sold a total of 36,809 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 285 insider sells and no insider buys over the past year.
Shares of Meta Platforms Inc were trading at $537.72 on the day of the sale. The company's market cap is approximately $1,416.19 billion. The price-earnings ratio of the company stands at 28.58, which is above the industry median of 19.895.
The stock's valuation metrics show a GF Value of $386.29, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.39.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, considering the high valuation and the ongoing insider selling trend at Meta Platforms Inc.
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.
