Reddit, Inc. (NYSE:RDDT – Get Free Report) CAO Michelle Marie Reynolds sold 3,033 shares of Reddit stock in a transaction on Monday, March 25th. The stock was sold at an average price of 32.30, for a total value of 97,965.90. Following the sale, the chief accounting officer now owns 96,413 shares of the company’s stock, valued at 3,114,139.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Reddit Stock 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.
Analysts Set New Price Targets
Separately, New Street Research initiated coverage on shares of Reddit in a report on Tuesday. They issued a “neutral” rating and a $54.00 price target 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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