Insider Selling: Reddit, Inc. (NYSE:RDDT) CFO Sells 2,318,009.50 in Stock

Reddit, Inc. (NYSE:RDDTGet Free Report) CFO Andrew Vollero sold 71,765 shares of Reddit stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of 32.30, for a total transaction of 2,318,009.50. Following the completion of the transaction, the chief financial officer now directly owns 681,660 shares in the company, valued at 22,017,618. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Reddit Price Performance

Shares of Reddit stock opened at 49.32 on Friday. Reddit, Inc. has a fifty-two week low of 45.05 and a fifty-two week high of 74.90.

Analyst Ratings Changes

Separately, New Street Research began coverage on shares of Reddit in a research note on Tuesday. They issued a “neutral” rating and a $54.00 price objective on the stock.

Read Our Latest Stock Analysis on Reddit

Reddit Company Profile

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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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