Reddit, Inc. (NYSE:RDDT – Get Free Report) CFO Andrew Vollero sold 71,765 shares of the firm’s stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is accessible through this link.
Reddit Price Performance
Shares of NYSE:RDDT 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 started coverage on shares of Reddit in a research note on Tuesday. They issued a “neutral” rating and a $54.00 price objective 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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