Reddit, Inc. (NYSE:RDDT – Get Free Report) CAO Michelle Marie Reynolds sold 3,033 shares of Reddit stock in a transaction dated Monday, March 25th. The shares were sold at an average price of 32.30, for a total value of 97,965.90. Following the transaction, the chief accounting officer now owns 96,413 shares of the company’s stock, valued at approximately 3,114,139.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Reddit Trading Down 14.6 %
RDDT stock opened at 49.32 on Friday. Reddit, Inc. has a 12-month low of 45.05 and a 12-month high of 74.90.
Wall Street Analysts Forecast Growth
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 on the stock.
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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