5 Cathie Wood Stocks Insiders are Selling

4. Meta Platforms Inc (NASDAQ:META)

Cathie Wood’s Stake: $211,950,861

Number of Hedge Fund Investors: 242

In addition to seeing huge selling activity from Mark Zuckerberg, Meta Platforms Inc (NASDAQ:META) shares were dumped by several other company executives too. However, many of these transactions were part of scheduled sales. On February 15, 2024, Meta’s CFO Susan J. Li sold 30,194 shares of Meta Platforms Inc (NASDAQ:META) at $475.43 per share. Since then the stock is up 2%.

Meta Platforms Inc’s (NASDAQ:META) COO Javier Olivan on April 19 sold 490 shares of Meta Platforms Inc (NASDAQ:META) at $501.18 per share. Since then the stock is up 3%.

In one of our articles, we talked about an insider trading analyst who called Mark Zuckerberg’s selling of Meta shares a “red flag” because of a weird pattern he noticed. Read more details here.

Patient Capital Opportunity Equity Strategy stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its first quarter 2024 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) was a top contributor in the first quarter gaining another 37.5%. Performance has been supported by strong top and bottom-line growth as the company maintains its leadership in the advertising space, despite Reels still being under monetized versus Newsfeed and Stories. The company continues to return cash to shareholders, increasing their buyback program by another $50B in February (6.4% of shares outstanding), and announcing their first dividend of $0.50 per share (0.39% yield). The company trades at 25x this year’s earnings, which we do not view as too demanding for a company with some of the best AI assets, an improving topline that should lead to free cash flow outperformance and continued capital return.”