Meta's Chief Legal Officer Jennifer Newstead Sells 519 Shares at $721.57/Share.

Meta Platforms, Inc. [META] has disclosed that Jennifer Newstead, the company's Chief Legal Officer, has recently sold 519 shares at a price of $721.57 per share on July 8, 2025.

Meta Platforms, Inc. (NASDAQ:META), the parent company of Facebook, Instagram, and WhatsApp, has reported that Jennifer Newstead, the company's Chief Legal Officer, sold 519 shares of the stock on July 8, 2025. The shares were sold at an average price of $721.57 per share, totaling $379,399.83. Following the sale, Newstead directly owned approximately 27,626 shares of the company's stock, valued at approximately $20,360,362. This transaction represents a 1.84% decrease in her ownership of the stock [1].

This sale comes amidst a series of transactions by Newstead, who has been selling shares of Meta Platforms stock over the past several months. The most recent transactions include:
- On June 24, 2025, Newstead sold 519 shares at an average price of $704.89.
- On June 17, 2025, she sold 519 shares at an average price of $701.99.
- On June 10, 2025, she sold 519 shares at an average price of $701.00.
- On June 3, 2025, she sold 519 shares at an average price of $671.00.

These sales, totaling 3,000 shares, have raised questions about Newstead's outlook on the company's stock. However, it is important to note that insider selling does not necessarily indicate a negative view on the company's future prospects. Insiders may sell shares for various reasons, including diversification of their portfolio, personal financial needs, or to comply with regulatory requirements.

Meta Platforms has seen a significant increase in institutional ownership, with 79.91% of the stock currently held by institutional investors. Additionally, several prominent Wall Street analysts have recently upgraded their ratings on the stock, with key targets ranging from $645.00 to $918.00 [2].

The company's latest earnings report, released on April 30, 2025, showed strong performance, with earnings per share (EPS) of $6.43, exceeding the consensus estimate by $1.10. The company's revenue was up 16.1% year-over-year, and it has a market capitalization of $1.80 trillion [1].

References:
[1] https://www.marketbeat.com/instant-alerts/insider-selling-meta-platforms-inc-nasdaqmeta-insider-sells-519-shares-of-stock-2025-07-03/
[2] https://www.marketbeat.com/instant-alerts/filing-novare-capital-management-llc-buys-1533-shares-of-meta-platforms-inc-nasdaqmeta-2025-07-10/