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Monster insider trading alert for Meta stock
Meta PlatformsMeta Platforms(US:META) Finboldยท2024-12-12 14:12

Core Insights - Meta Platforms has experienced a significant stock price increase of 82.87% year-to-date, reaching an all-time high of $636.26 per share [1][2] - The company's strong financial performance is attributed to strategic investments in artificial intelligence and a cost management initiative known as the 'year of efficiency' [2] - Despite the positive outlook, there are concerns regarding insider selling by CEO Mark Zuckerberg, who sold approximately $67 million worth of Meta stock in a short period [3][8] Financial Performance - Meta has achieved five consecutive quarters of outperforming analyst estimates, indicating robust financial health [2] - The company's operating margins have reached 43% as reported in the latest earnings call for Q3 2024 [2] Insider Trading Activity - Mark Zuckerberg executed four transactions from December 9 to December 11, totaling approximately $67,064,685 [3] - The sales included 107,763 shares, with average prices ranging from $614.36 to $619.41 per share [4][7] - These transactions were conducted under a pre-established 10b5-1 trading plan, which may mitigate concerns about the implications of insider selling [8] Market Outlook - Despite the insider selling, equity researchers from four major Wall Street firms have revised their price targets for Meta stocks to a bullish outlook [8]