Mark Zuckerberg, the CEO of Meta Platforms Inc. META, executed a stock sale on February 14.

What Happened: According to the SEC filing, Zuckerberg sold 17,855 shares of Meta’s Class A common stock through CZI Holdings LLC, totaling approximately $14.4 million.

The shares were sold at prices between $726.68 to $740.71, close to the company’s 52-week high of $740.91. Meta’s stock is currently in overbought territory, with a market capitalization of $1.81 trillion.

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These sales are part of a pre-established trading plan under Rule 10b5-1, allowing insiders to schedule share sales. Following these transactions, Zuckerberg holds no direct shares of Meta’s Class A common stock through CZI Holdings, LLC, though he maintains significant indirect holdings.

Why It Matters: This recent sale by Zuckerberg comes on the heels of a series of stock offloads. In late December 2024, Zuckerberg sold approximately $1.39 million in Meta stock through his entities, CZI Holdings, LLC and the Chan Zuckerberg Initiative Foundation. These transactions were also part of a pre-established trading plan.

Meta Platforms continues to demonstrate strong financial health, boasting an 81.68% gross profit margin and robust liquidity. The company has also announced a 5% increase in its quarterly cash dividend for Q1 2025, signaling confidence in its financial stability.

Meta’s stock recently dipped below its short-term average after a historic 20-day winning streak, during which the company added over $350 billion in market capitalization. This fluctuation in stock performance highlights the dynamic nature of the tech giant’s market presence.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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