This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Facebook Inc (FB) Witnessing Insider Selling This Week

Stocks in this article: FB

Facebook is seeing some insider's selling lately. Investors should remain confident on the stock, not paying much heed to the recent lawsuit.

Facebook Inc (FB) Chief Technology Officer Mike Schroepfer and Chief Product Officer Chris Cox have recently sold their shares in the company and have detailed about the transactions in Form 4 filings Tuesday with the Securities and Exchange Commission SEC.

 

Analysts bullish on Facebook

Facebook Inc (FB) chief technology officer Mike Schroepfer converted 20,000 class-B shares to class-A common stock, and then sold 20,000 class-A shares at $72.42 a piece. Post transaction, Schroepfer holds 228,997 shares of Facebook class-A common stock.

On Monday, August 4 th, Chief Product officer Chris Cox sold 11371 restricted stock units that were due to expire on August 25 th, 2019. Cox, also, sold 4050 class-A shares at $72.1685 per share, 1,884 at $72.7737 a piece and 5,437 at $72.42 each.

Facebook shares have received ratings from various research houses recently. S&P Equity research analysts have assigned Average rating to the stock, and assigned a price target of $3.00, in a research note to the investors on July 25 th. Nomura analysts maintained Buy rating with a price target of $82.00, in a research note to the investors on July 24 th. Separately, Raymond James analysts maintained Outperform rating and increased the price target from $77.00 to $80.00, in a research note to the investors on July 24 th. Facebook presently has an average rating of Buy and a consensus target price of $79.11.

Investors should not worry about lawsuit

Recently, a lawsuit was filed against Facebook accusing the social networker of misusing the personal data. In a short span, the class action lawsuit has gained support of over 17,000 individuals. However, according to a report from Silicon Valley Business journal, investors should not be really worried about this case as this is not the first time when Facebook has gotten into such legal tussle. The social networking site has been accused of collecting data for advertisers, sharing the data with national Security Agency through its PRISM program and conducting mood swing studies on the users.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs