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SAN FRANCISCO—Andrew Vollero, the Chief Financial Officer of Reddit, Inc. (NASDAQ:RDDT), executed a series of stock sales on February 24, 2025, amounting to a total of $7,834,419. The transactions involved the sale of Class A Common Stock, with prices ranging from $155.36 to $165.34 per share. The sales come amid Reddit’s impressive market performance, with the stock delivering a 185% return over the past six months and the company maintaining strong fundamentals, including a 90% gross profit margin. According to InvestingPro data, analysts have set price targets ranging from $150 to $250.
The sales were conducted under a Rule 10b5-1 trading plan, which Vollero adopted in November 2024. Following these transactions, Vollero’s direct ownership in Reddit stands at 599,295 shares. The sales were carried out in multiple trades, each executed at varying prices within the specified range. With a market capitalization of $28.9 billion and a robust current ratio of 12.6, InvestingPro analysis indicates Reddit is trading above its Fair Value. For detailed insights and 12+ additional ProTips about Reddit’s financial health, visit InvestingPro.
These transactions were part of a pre-arranged trading plan, allowing executives to buy or sell a predetermined number of shares at a predetermined time, reducing concerns about insider trading. Based on InvestingPro’s comprehensive analysis, Reddit maintains strong liquidity with cash exceeding debt, though it currently trades at premium multiples relative to peers.
In other recent news, Reddit has been the subject of several analyst updates, reflecting a range of perspectives on the company’s financial performance and future prospects. Piper Sandler raised their price target for Reddit to $220, maintaining an Overweight rating due to their confidence in the platform’s user engagement recovery and potential for growth. Meanwhile, BofA Securities adjusted their price target to $190, holding a Neutral rating, noting strong performance but expressing caution due to user growth concerns. Similarly, JPMorgan increased their target to $185 while maintaining a Neutral rating, acknowledging Reddit’s robust ad revenue growth despite challenges with daily active user growth. Jefferies, on the other hand, slightly lowered their price target to $225 but kept a Buy rating, citing Reddit’s success in diversifying its customer base and accelerating advertising revenue. Bernstein SocGen Group maintained an Underperform rating with a $150 price target, pointing to competitive pressures and mixed earnings results as reasons for their cautious stance. Across these analyses, a common theme is the acknowledgment of Reddit’s strong advertising revenue growth and strategic initiatives, tempered by concerns about user growth and external factors like changes in Google (NASDAQ:GOOGL)’s search algorithms. These varied assessments highlight the complexities and dynamics Reddit faces in the digital advertising market.
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