Reddit, Inc. (NYSE:RDDT – Get Free Report) CFO Andrew Vollero sold 71,765 shares of Reddit stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of 32.30, for a total value of 2,318,009.50. Following the sale, the chief financial officer now directly owns 681,660 shares of the company’s stock, valued at 22,017,618. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Reddit Price Performance
Reddit stock opened at 57.75 on Thursday. Reddit, Inc. has a 52 week low of 45.05 and a 52 week high of 74.90.
Analyst Upgrades and Downgrades
Separately, New Street Research began coverage on Reddit in a report on Tuesday. They set a “neutral” rating and a $54.00 price target for the company.
About Reddit
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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