Reddit, Inc. (NYSE:RDDT – Get Free Report) CEO Steve Ladd Huffman sold 500,000 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 value of 16,150,000.00. Following the completion of the transaction, the chief executive officer now owns 710,306 shares in the company, valued at approximately 22,942,883.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Reddit Price Performance
RDDT stock opened at 57.75 on Thursday. Reddit, Inc. has a 1-year low of 45.05 and a 1-year high of 74.90.
Analysts Set New Price Targets
Separately, New Street Research began coverage on Reddit in a research report 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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