Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ: ), made a significant stock sale on January 22, 2025. According to a recent filing with the SEC, Zuckerberg sold stock worth approximately $14.38 million in total. The sale was made through CZI Holdings, LLC, with prices ranging from $621.20 to $633.39 per share. Currently trading at $623.50, META has shown incredible strength with a 62% return over the past year and maintains an “EXCELLENT” financial health rating according to InvestingPro analysis.
In addition, Zuckerberg also facilitated the sale through the Chan Zuckerberg Initiative Foundation, for approximately $8.13 million, with transaction prices between $621.76 and $632.85 per share.
These transactions are part of a predetermined trading plan under Rule 10b5-1, which allows insiders to set a predetermined schedule for selling a company’s stock.
In other recent news, Databricks successfully closed its Series J funding round at a $62 billion valuation, with Meta joining as a new investor. The funds raised are intended for the development of new AI products, possible acquisitions and the expansion of Databricks’ international business. Additionally, Databricks secured a $5.25 billion facility led by JPMorgan Chase (NYSE: ) with contributions from major financial institutions.
In analyst news, Cantor Fitzgerald adjusted their price target on Meta Platforms Inc., setting a new target at $720 and maintaining the Overweight rating. Jefferies also maintains a Buy rating on Meta shares, citing long-term potential despite the company’s shares being slightly overvalued. Analysts at Citi reaffirmed their Buy rating on Meta, with a steady price target of $753.00.
Other recent developments include Meta’s plans to expand its line of smart glasses and venture into other wearable devices. The company’s Reality Labs is actively developing these devices, with a more advanced model of Meta’s “Hypernova” smart glasses expected to launch. Meta is also exploring the creation of new wearables, including smartwatches and camera-equipped headphones.
These recent developments reflect the ongoing strategies and market positions of Databricks and Meta.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
