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Meta platforms COO Olivan sells $361k in shares

Published 19/06/2025, 01:22
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META
2.70%

Meta Platforms (NASDAQ:META), the $1.75 trillion tech giant with an "GREAT" financial health rating according to InvestingPro, saw Chief Operating Officer Javier Olivan sell 517 shares of Class A Common Stock on June 16, 2025, at a price of $699.27, for a total value of $361,522. The stock currently trades near its 52-week high of $740.91, having gained 19% year-to-date.

Following the transaction, Olivan directly owns 8887 shares of Meta Platforms.

Additionally, Olivan indirectly owns shares through several entities: Olivan D LLC (8622 shares), Olivan Reinhold D LLC (2999 shares), Reinhold D LLC (8622 shares), and the Olivan Reinhold Family Revocable Trust (90493 shares).

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 17, 2024.

In other recent news, Meta Platforms Inc. has announced plans to merge all videos on Facebook into a single format known as reels, allowing users to access creative tools without format restrictions. This change aims to simplify video creation and sharing on the platform. Additionally, Meta introduced new features on Threads, enabling users to view content from the fediverse, a network of interconnected social media servers. Users can now search and see posts from federated profiles directly within Threads. In financial news, Cantor Fitzgerald raised its price target for Meta to $807 from $676, maintaining an Overweight rating. This adjustment follows Meta’s introduction of advertising in WhatsApp, which could potentially enhance earnings. Furthermore, Meta has been actively recruiting talent from OpenAI, offering significant signing bonuses, though OpenAI’s CEO noted that none of their top employees have accepted these offers. Lastly, Meta’s investment in Scale AI has led to changes in leadership, as the founder and CEO of Scale AI transitions to a new role at Meta, focusing on AI development.

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

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