Reddit, Inc. (NYSE:RDDT – Get Free Report) CTO Christopher Brian Slowe sold 185,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of 32.30, for a total value of 5,975,500.00. Following the sale, the chief technology officer now owns 413,684 shares of the company’s stock, valued at 13,361,993.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Reddit Stock Down 11.3 %
Shares of RDDT opened at 57.75 on Thursday. Reddit, Inc. has a 52 week low of 45.05 and a 52 week high of 74.90.
Analysts Set New Price Targets
Separately, New Street Research initiated coverage on Reddit in a research note on Tuesday. They set a “neutral” rating and a $54.00 target price for the company.
Reddit Company Profile
Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.
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