Reddit, Inc. (NYSE:RDDT – Get Free Report) CTO Christopher Brian Slowe sold 185,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of 32.30, for a total transaction of 5,975,500.00. Following the completion of the sale, the chief technology officer now directly owns 413,684 shares of the company’s stock, valued at 13,361,993.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Reddit Price Performance
Shares of Reddit stock opened at 49.32 on Friday. Reddit, Inc. has a 12-month low of 45.05 and a 12-month high of 74.90.
Wall Street Analyst Weigh In
Separately, New Street Research assumed coverage on Reddit in a report on Tuesday. They issued a “neutral” rating and a $54.00 price objective on the stock.
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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