Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Director Robert M. Kimmitt of Meta Platforms (NASDAQ:META) sold 465 shares of Class A Common Stock on July 15, 2025, at a price of $723.08, for a total transaction value of $336232. The transaction occurred as META trades near its 52-week high of $747.90, with the stock delivering an impressive 52% return over the past year. According to InvestingPro analysis, META is currently slightly overvalued, with a GREAT financial health score.
Following the transaction, Kimmitt directly owns 9342 shares of Meta Platforms, Inc. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2025. For deeper insights into META’s valuation and 14 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Meta Platforms has appointed Connor Hayes as the head of Threads, a move highlighting the company’s commitment to developing the microblogging service as a standalone product. In financial developments, KeyBanc has raised its price target for Meta Platforms to $800, maintaining an Overweight rating. The firm anticipates Meta’s second-quarter revenue to reach $45.3 billion, with third-quarter guidance expected between $45 billion and $47.5 billion. Meanwhile, Canaccord Genuity also increased its price target on Meta Platforms to $850, maintaining a Buy rating and predicting solid Q2 results with ad revenue growth in the mid-teens year-over-year. The firm expects operating income of $16.7 billion for Q2, representing a 37.5% margin. Additionally, Scale AI, which recently received a $14.3 billion investment from Meta, announced a 14% workforce reduction. This restructuring comes as the company aims to streamline operations and adapt to shifts in market demand. Despite these changes, Scale AI plans to expand staffing in enterprise and government sales.
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