Meta COO Javier Olivan sells $1.1 million in stock

Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), sold Class A common stock totaling $1,113,840 on October 19, 2026. The shares were sold at a price of $707.20 each, as part of a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025. The sale price was slightly above the current stock price of $697.43, with InvestingPro analysis indicating the stock appears modestly overvalued based on Fair Value metrics.

Mr. Olivan directly disposed of 946 shares. Additional sales included 82 shares held indirectly through Olivan D LLC, 57 shares held indirectly through Olivan Reinhold D LLC, and another 82 shares held indirectly through Reinhold D LLC. An additional 408 shares were sold indirectly through the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12.

Following these transactions, Mr. Olivan beneficially owns 5,986 shares directly. Indirect holdings include 5,670 shares through Olivan D LLC, 947 shares through Olivan Reinhold D LLC, 5,670 shares through Reinhold D LLC, and 75,805 shares through the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12. Meta maintains a market capitalization of $1.79 trillion with an impressive gross profit margin of 82%. For deeper analysis, investors can access Meta’s comprehensive Pro Research Report, available alongside 1,400+ other US equities.

In other recent news, Meta Platforms reported stronger-than-expected third-quarter 2026 results. The company achieved earnings of $3.83 per share, surpassing Wall Street’s estimate of $3.57. Revenue increased to $64.6 billion, exceeding the forecasted $63.34 billion. These results were driven by solid advertising growth, increased user engagement, and advancements in artificial intelligence. Despite a $9.9 billion legal charge and increased spending, Meta’s financial performance showed resilience. Analysts have noted the company’s ability to outperform expectations in both profit and revenue. This development follows a period of strategic investment in AI technologies. Investors have responded positively to these results, reflecting confidence in Meta’s ongoing growth strategy.