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Meta Platforms' Chief Legal Officer Jennifer Newstead Sells 921 Shares at $491.87/Share.
ByAinvest
Thursday, Apr 24, 2025 7:33 pm ET1min read
Meta Platforms, Inc. [META] has disclosed that Jennifer Newstead, Chief Legal Officer, recently sold 921 shares at a price of $491.87 per share on April 22, 2025.
Meta Platforms, Inc. [META] has disclosed that Jennifer Newstead, Chief Legal Officer, recently sold 921 shares at a price of $491.87 per share on April 22, 2025. The transaction occurred on Tuesday, April 15th, and the shares were sold at an average price of $531.22, totaling $489,253.62 [2].Following the sale, Newstead now owns 28,419 shares in the company, valued at approximately $15,096,741.18. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission [2].
The sale comes amidst a period of increased insider activity, with other insiders also reducing their holdings. On Wednesday, January 22nd, CEO Mark Zuckerberg sold 35,921 shares, and on Monday, April 14th, COO Javier Olivan sold 608 shares [1].
The stock has been experiencing some volatility, dropping 0.2% on Friday, April 18th, after the insider sale. Despite this, analysts have set new price targets, with Scotiabank lifting their target from $583.00 to $627.00 and DA Davidson reducing theirs from $800.00 to $650.00 [2].
References:
[1] https://www.marketbeat.com/instant-alerts/ostrum-asset-management-acquires-shares-of-54665-meta-platforms-inc-nasdaqmeta-2025-04-21/
[2] https://www.marketbeat.com/instant-alerts/meta-platforms-nasdaqmeta-stock-price-down-02-on-insider-selling-2025-04-18/
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