Meta Platforms chief legal officer Jennifer Newstead sells $525,577 in stock

Jennifer Newstead, Chief Legal Officer of Meta Platforms, Inc. (NASDAQ:META), recently executed a sale of 921 shares of the company’s Class A Common Stock. The transaction, which occurred on April 1, 2025, was conducted at a price of $570.66 per share, resulting in a total value of approximately $525,577. The sale price represents a premium to the current trading price of $531.60, with InvestingPro data showing the stock has declined about 8% in the past week. This sale was carried out under a Rule 10b5-1 trading plan that Newstead adopted on November 30, 2023. Following the transaction, Newstead retains ownership of 30,261 shares of Meta Platforms, which remain valuable holdings in a company that InvestingPro analysis rates as having "GREAT" overall financial health, with impressive gross profit margins of 82% and strong cash flow metrics. For deeper insights into META’s valuation and future prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Meta Platforms is actively working to negotiate a settlement with the White House to avoid an upcoming antitrust trial. The trial, organized by the Federal Trade Commission, could potentially require Meta to reverse its acquisitions of Instagram and WhatsApp. Meanwhile, BofA Securities has reiterated a Buy rating on Meta stock, maintaining a price target of $765. The firm is optimistic about Meta’s upcoming launch of high-end smart glasses, Hypernova, which are expected to feature advanced AI capabilities.

Additionally, Meta has entered a multi-year partnership with the Ultimate Fighting Championship (UFC) to become its official fan technology partner. As part of this agreement, Meta’s platform Threads will serve as the UFC’s official social media partner. In another analyst update, Cantor Fitzgerald has maintained an Overweight rating on Meta, with a price target of $790, citing the company’s strong position in the AI agent era. The firm anticipates that Meta’s AI advancements will significantly impact consumer internet interactions in the coming years. These developments highlight Meta’s strategic moves in technology and partnerships.

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