Meta platforms chief legal officer sells $500k in stock

Jennifer Newstead, the Chief Legal Officer of Meta Platforms, Inc. (NASDAQ:META), a $1.38 trillion market cap company with impressive gross profit margins of 82%, recently executed a stock sale as part of a pre-established trading plan. According to a Form 4 filing with the Securities and Exchange Commission, Newstead sold 921 shares of Class A Common Stock on April 8, 2025, at a price of $543.39 per share, amounting to a total of approximately $500,462. InvestingPro analysis indicates META is trading near its Fair Value, with the company maintaining a "GREAT" financial health score.

Following this transaction, Newstead holds 29,340 shares directly. The sale was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling shares, thereby helping to avoid any potential accusations of insider trading. With META's next earnings report scheduled for April 30, 2025, InvestingPro subscribers can access comprehensive insider trading patterns and 12 additional ProTips for deeper analysis.

In other recent news, Meta Platforms has experienced several significant developments. Piper Sandler has revised its price target for Meta to $610, down from $775, while maintaining an Overweight rating. This adjustment is based on anticipated second-quarter revenue guidance between $42.5 billion and $45.5 billion, reflecting a year-over-year growth of 9-16.5%. Additionally, KeyBanc has cut its price target for Meta to $645 from $710, citing potential short-term earnings pressure but maintaining an optimistic long-term outlook due to Meta's AI advancements.

Baird has also reduced its price target for Meta to $625 from $750, maintaining an Outperform rating. This change reflects a more conservative outlook amid broader market challenges. The revised financial forecasts indicate a decrease in the 2025 revenue estimate to $187.5 billion, marking a 14% year-over-year increase. Furthermore, Meta's significant investments in AI and reality labs are expected to continue, with operating expenses unlikely to fall below the guided range.

These recent developments highlight a cautious yet optimistic stance from analysts regarding Meta's financial performance and strategic direction.

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