Reddit, Inc. (NYSE:RDDT – Get Free Report) COO Jennifer L. Wong sold 325,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of 32.30, for a total value of 10,497,500.00. Following the completion of the transaction, the chief operating officer now owns 1,736,813 shares in the company, valued at 56,099,059.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Reddit Trading Down 11.3 %
Shares of Reddit stock opened at 57.75 on Thursday. Reddit, Inc. has a 12 month low of 45.05 and a 12 month high of 74.90.
Analyst Ratings Changes
Separately, New Street Research started coverage on Reddit in a research note on Tuesday. They set a “neutral” rating and a $54.00 price objective on the stock.
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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