Kimmitt, Meta Platforms director, sells $333k in Meta stock

Published 17/10/2025, 23:30
Kimmitt, Meta Platforms director, sells $333k in Meta stock

Director Robert M. Kimmitt of Meta Platforms (NASDAQ:META) sold 465 shares of Class A Common Stock on October 15, 2025, at a price of $716.97, for a total transaction value of $333,391. The sale comes as Meta, now valued at $1.8 trillion, maintains impressive gross profit margins of 82% and strong revenue growth of 19%. According to InvestingPro analysis, the stock appears fairly valued at current levels.

Following the transaction, Kimmitt directly owns 7,947 shares of Meta Platforms. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2025. InvestingPro subscribers can access 12 additional key insights about Meta’s financial health, valuation metrics, and growth prospects through the comprehensive Pro Research Report, helping investors make more informed decisions about this prominent player in the Interactive Media & Services industry.

In other recent news, Meta Platforms Inc. announced plans to invest over $1.5 billion in constructing a new AI data center in El Paso, Texas. This facility will have a gigawatt-sized capacity dedicated to powering high-end computing chips for AI projects. Additionally, Meta has expanded its strategic partnership with Arm Holdings to enhance AI efficiency across various computing layers, leveraging Arm’s power-efficient technology. In analyst updates, Cantor Fitzgerald has reiterated its Overweight rating on Meta Platforms, maintaining a price target of $920.00, drawing comparisons to past concerns about Alphabet’s search disruption risks.

Meta is also rolling out new parental controls, allowing parents to manage their teenagers’ interactions with AI on its platforms. Parents can now completely disable one-on-one chats with AI characters or block specific characters. Furthermore, Gene Munster from Deepwater Asset Management praised Meta’s new AI glasses, the Ray-Ban Display, as an affordable step toward wearable AI computing, though he noted challenges in achieving mass adoption. These developments reflect Meta’s ongoing efforts to innovate and expand its AI capabilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.