Facebook Stock – Facebook (NASDAQ: FB) Executives are Making Moves with Their Shares

On February 17, the CFO of Facebook (FB – Research Report), David Wehner, sold shares of FB for $433.3K.

Following David Wehner’s last FB Sell transaction on May 19, 2020, the stock climbed by 56.7%.

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Based on Facebook’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $28.07 billion and quarterly net profit of $11.22 billion. In comparison, last year the company earned revenue of $21.08 billion and had a net profit of $7.35 billion. The company has a one-year high of $304.67 and a one-year low of $137.10. Currently, Facebook has an average volume of 15.25M.

Based on 36 analyst ratings, the analyst consensus is Strong Buy with an average price target of $341.85, reflecting a -21.1% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy FB with a $360.00 price target.

The insider sentiment on Facebook has been negative according to 175 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.