Facebook Inc (FB) Files Form 4 Insider Selling : Sheryl Sandberg Sells 327,000 Shares

Facebook Inc (FB): Sheryl Sandberg , Chief Operating Officer of Facebook Inc sold 327,000 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $129.23 per share for a total value of $42350652 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Christopher K Cox (Chief Product Officer) sold 5,934 shares at $128.66 per share price.On Sep 15, 2016, Colin Stretch (VP and General Counsel) sold 750 shares at $127.52 per share price.Also, On Sep 15, 2016, Jan Koum (director) sold 566,668 shares at $127.50 per share price.On Sep 13, 2016, Mark Zuckerberg (COB and CEO) sold 741,797 shares at $128.01 per share price.

Shares of Facebook Inc (FB) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.01% at $128.64 with 1,10,83,808 shares getting traded. Post opening the session at $128.65, the shares hit an intraday low of $128.0307 and an intraday high of $129.17 and the price vacillated in this range throughout the day. The company has a market cap of $369,411 M and the number of outstanding shares has been calculated to be 2,87,16,64,300 shares. The 52-week high of Facebook Inc is $131.98 and the 52-week low is $85.72.

Facebook Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Facebook Inc is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 165 from a previous price target of $150 .The Rating was issued on Aug 1, 2016.Facebook Inc is Downgraded by Monness Crespi & Hardt to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 28, 2016.Facebook Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 170 from a previous price target of $160 .The Rating was issued on Jul 28, 2016.Facebook Inc is Reiterated by FBN Securities to Outperform and the brokerage firm has raised the Price Target to $ 160 from a previous price target of $155 .The Rating was issued on Jul 28, 2016.Facebook Inc is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 162 from a previous price target of $145 .The Rating was issued on Jul 28, 2016.

Facebook Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people marketers and developers. It offers various platforms for people to share their opinions ideas photos and videos and to engage in other activities. Its products include Facebook Instagram Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect share discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS Android BlackBerry Windows Phone and Nokia devices.

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Facebook Inc - Is it time to Sell?

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