Reddit, Inc. (NYSE:RDDT – Get Free Report) COO Jennifer L. Wong sold 325,000 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 transaction of 10,497,500.00. Following the sale, the chief operating officer now owns 1,736,813 shares of the company’s stock, valued at 56,099,059.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Reddit Stock Performance
Shares of NYSE:RDDT opened at 57.75 on Thursday. Reddit, Inc. has a twelve month low of 45.05 and a twelve month high of 74.90.
Analyst Upgrades and Downgrades
Separately, New Street Research initiated 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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