Meta Platforms Inc (META, Financial) has reported an insider sale according to a recent SEC filing. Chief Legal Officer Jennifer Newstead sold 585 shares of the company on March 19, 2024. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Over the past year, the insider has sold a total of 31,660 shares of Meta Platforms Inc, and has not made any purchases of the company's stock. The recent sale by Jennifer Newstead is part of a broader pattern of insider transactions at the company. In the past year, there have been no insider buys and 202 insider sells at Meta Platforms Inc.
Meta Platforms Inc, known for its social media and technology services, including the Facebook platform, Instagram, WhatsApp, and Oculus, is a leader in the digital communication and virtual reality industries. The company's innovative products and services have made it a significant player in the tech sector.
On the date of the reported sale, shares of Meta Platforms Inc were trading at $488.5, resulting in a market capitalization of $1,294.21 billion. The company's price-earnings ratio stands at 34.08, which is above both the industry median of 21.695 and the historical median for the company.
The stock's valuation, as measured by the price-to-GF-Value ratio, is currently at 1.41, indicating that Meta Platforms Inc is significantly overvalued when compared to the GF Value of $347.09. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider sales to gain insights into a company's internal dynamics. While insider selling does not always indicate a lack of confidence in the company, it provides data points for market participants to consider in their investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
