On May 7, 2024, Jennifer Newstead, Chief Legal Officer of Meta Platforms Inc (NASDAQ:META), sold 576 shares of the company. The transaction was documented in an SEC Filing. Over the past year, the insider has sold a total of 33,013 shares and has not purchased any shares.

• Warning! GuruFocus has detected 2 Warning Sign with META.

Meta Platforms Inc (NASDAQ:META), known for its social media and technology services, including platforms such as Facebook and Instagram, has a market cap of approximately $1,206.45 billion. On the day of the sale, shares were priced at $466.33.

The company's price-earnings ratio stands at 27.31, which is above the industry median of 21.76. The GF Value of the stock is $360.08, indicating a price-to-GF-Value ratio of 1.3 and suggesting that the stock is Significantly Overvalued.

Insider transaction trends for Meta Platforms Inc (NASDAQ:META) over the past year show no insider purchases but a total of 218 insider sales.

The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor and future business performance estimates from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.