Yahoo Finance Insider Sale: Chief Legal Officer of Meta Platforms Inc (META) Sells Shares
On April 30, 2024, Jennifer Newstead, the Chief Legal Officer of Meta Platforms Inc (NASDAQ:META), sold 585 shares of the company. The transaction was reported in a recent SEC Filing.
Meta Platforms Inc operates as a social technology company worldwide. It builds technologies that help people connect, find communities, and grow businesses.
Following this transaction, the insider has sold a total of 32,812 shares over the past year, with no recorded purchases. This sale is part of a broader trend observed at Meta Platforms Inc, where there have been 217 insider sells and no insider buys over the past year.
Shares of Meta Platforms Inc were trading at $431.05 on the day of the transaction, giving the company a market cap of approximately $1,120.34 billion. The price-earnings ratio of the company stands at 25.38, which is above the industry median.
The stock is currently assessed as Modestly Overvalued with a price-to-GF Value ratio of 1.2, based on a GF Value of $359.31. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
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This article first appeared on GuruFocus.
