Reddit, Inc. (NYSE:RDDT) CAO Sells 97,965.90 in Stock

Reddit, Inc. (NYSE:RDDT) CAO Michelle Marie Reynolds sold 3,033 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of 32.30, for a total value of 97,965.90. Following the sale, the chief accounting officer now directly owns 96,413 shares in the company, valued at approximately 3,114,139.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Reddit Stock Performance

Shares of RDDT stock traded down 7.36 during mid-day trading on Wednesday, hitting 57.75. 18,758,301 shares of the company’s stock were exchanged, compared to its average volume of 23,617,775. Reddit, Inc. has a fifty-two week low of 45.05 and a fifty-two week high of 74.90.

Wall Street Analysts Forecast Growth

Separately, New Street Research began coverage on shares of Reddit in a research report on Tuesday. They issued a “neutral” rating and a $54.00 price objective 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.