Heavy insider selling and mixed institutional moves on Meta ($META) around $650 - has your thesis changed?

Looking through recent Form 4 insider filings and institutional activity on Meta ($META), there’s been clear executive distribution over the past few weeks while the stock hovers around the $650 level:

**- Direct C-Suite Open-Market Sells:** A wave of direct open-market sales hit in mid-August and early September, including CFO Susan Li (multiple tranches over $1M each), CTO Andrew Bosworth ($4.38M), Chief Accounting Officer Aaron Anderson ($2M), and Chief Legal Officer Curtis Mahoney (\~$870K).

**- A lot of Super-Investors Trimming positions:** Hedge funds have actively trimmed positions, including Baillie Gifford (-21.9%), Terry Smith / Fundsmith (-22.2%), Philippe Laffont / Coatue (-10.2%), and Chase Coleman / Tiger Global (-8.5%).

**- Bulls Still Buying Aggressively:** At the same time, managers like Andreas Halvorsen / Viking Global (+75.8%), David Tepper / Appaloosa (+54.6%), Dodge & Cox (+29.4%), and Bill Ackman / Pershing Square (+20.1%) significantly added to their books.

**- The Fundamentals & Capex Debate:** Gross margins remain robust above 80%, but with massive ongoing CapEx dedicated to AI compute and infrastructure alongside 31 new risk factors added in recent disclosures, market sentiment is clearly split.
*(Putting a summarize of the new risk factors in the comments, it’s AI generated)*

Would you take profits here alongside the C-suite, or is this just noise while the AI and ad thesis is still fully intact?

Data source: [Investailor META Tracker](https://investailor.com/stocks/META)