Meta platforms chief legal officer sells shares worth $330,460

Published 20/05/2025, 02:22
© Reuters.

Jennifer Newstead, Chief Legal Officer at Meta Platforms, Inc. (NASDAQ:META), recently executed several stock transactions, according to a recent SEC filing. On May 16, 2025, Newstead sold a total of 519 shares of Meta’s Class A Common Stock, generating proceeds of approximately $330,460. The sales were conducted at prices ranging from $633.54 to $639.32 per share. Meta, currently trading at $640.43, has shown impressive financial health with a "GREAT" rating according to InvestingPro analysis, supported by strong gross profit margins of 82%.

In addition to the sales, Newstead also engaged in multiple transactions on May 15, 2025, involving the acquisition of shares through the vesting of Restricted Stock Units (RSUs). These transactions resulted in the acquisition of a significant number of shares, but they were not associated with any immediate cash outlay, as the shares were acquired at no cost. The company’s strong financial position is reflected in its healthy current ratio of 2.66, indicating robust liquidity. InvestingPro subscribers can access detailed analysis of Meta’s compensation structure and 13 additional exclusive insights.

The transactions were part of a pre-established trading plan under Rule 10b5-1, which allows company insiders to sell a predetermined number of shares at a set time to avoid accusations of insider trading. With a market capitalization of $1.61 trillion and a P/E ratio of 24.31, Meta remains a significant player in the technology sector. Discover comprehensive insider trading patterns and valuation metrics with a InvestingPro subscription.

In other recent news, Meta Platforms has unveiled a suite of advanced artificial intelligence models aimed at enhancing machine perception and language understanding. These new models include the Perception Encoder and the Perception Language Model, which are designed to tackle complex visual and language tasks. In addition, Meta has introduced Meta Locate 3D for object localization in robotics and the Dynamic Byte Latent Transformer to improve language processing efficiency. Meanwhile, Loop Capital Markets has raised its price target for Meta to $888, citing a stronger-than-expected second-quarter forecast and effective AI utilization. The firm has maintained its Buy rating, noting that Meta’s advancements in AI have offset potential revenue declines from reduced ad spending in China. Analysts at Loop Capital also revised Meta’s earnings per share forecast, recommending long-term growth investors consider shifting focus from Google (NASDAQ:GOOGL) to Meta. In another development, a former Meta executive expressed optimism about the company’s growth, highlighting Facebook’s robust user base and data collection capabilities. These recent developments underscore Meta’s strategic focus on AI innovation and its potential impact on revenue growth.

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