Meta Platforms' Jennifer Newstead Sells 921 Shares for $592.52 Each

Meta Platforms, Inc. (META) has recently disclosed that Jennifer Newstead, the company's Chief Legal Officer, has sold 921 shares at a price of $592.52 per share on May 6, 2025.

Meta Platforms, Inc. (META) has disclosed that Jennifer Newstead, the company's Chief Legal Officer, sold 921 shares of the social networking giant's stock on May 6, 2025. The shares were sold at an average price of $592.52 per share, totaling $547,185.22 [1].

This sale represents a decrease in Newstead's ownership stake in Meta Platforms. As of the most recent filing, insiders collectively own approximately 13.71% of the company's stock [1]. The transaction follows a series of insider sales within the last 90 days, including the COO Javier Olivan's sale of 4,706 shares on February 15, 2025 [1].

The company's recent financial performance has been robust. Meta Platforms reported $6.43 earnings per share for the first quarter, beating the consensus estimate by $1.10 [1]. Revenue for the quarter was $42.31 billion, up 16.1% year-over-year, while expenses rose by 9% to $24.8 billion [2]. The company's operating margin was 41%, and free cash flow was $10.3 billion [2].

Analysts have maintained a generally positive outlook on Meta Platforms. While some have revised their price targets, the average target price stands at $705.66, implying a 23.32% upside from the current price [2]. The consensus brokerage recommendation is "Outperform" [2].

Despite the insider sales, the overall sentiment towards Meta Platforms remains cautiously optimistic. The company's strong financial performance and potential for future growth continue to attract investors.

References:
[1] https://www.marketbeat.com/instant-alerts/meta-platforms-inc-nasdaqmeta-shares-acquired-by-concentric-capital-strategies-lp-2025-05-07/
[2] https://www.gurufocus.com/news/2825086/meta-platforms-meta-receives-increased-price-target-from-baird-meta-stock-news