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Reddit, Inc. (NASDAQ:RDDT) Chief Financial Officer Andrew Vollero sold 28,000 shares of Class A Common Stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as Reddit’s stock has surged nearly 300% over the past year, with the company now commanding a market capitalization of $41.77 billion. According to InvestingPro analysis, the stock is currently trading above its Fair Value. The sales, which totaled $6,542,556, were executed in multiple transactions with prices ranging from $214.59 to $222.45.
The filing indicates that Vollero sold 3,251 shares at a weighted average price of $214.59, 2,100 shares at $215.72, 5,072 shares at $216.99, 7,035 shares at $218.05, 5,724 shares at $219.02, 4,151 shares at $220.05, 2,267 shares at $221.12 and 400 shares at $222.45.
Following these transactions, Vollero directly owns 284,168 shares of Reddit , Inc. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Vollero on June 3, 2025. The company maintains strong financial health, earning a "GREAT" overall score from InvestingPro’s comprehensive analysis framework.
In other recent news, Reddit reported impressive second-quarter results, with revenue and EBITDA surpassing the high end of guidance by $70 million and $37 million, respectively. The company saw an 84% year-over-year increase in advertising revenue, showcasing strong performance in both brand and performance advertising formats. Global daily active users grew by 21% year-over-year to 110.4 million, exceeding analyst expectations. Following these results, Deutsche Bank raised its price target for Reddit to $205, maintaining a Buy rating, while Morgan Stanley increased its target to $230, citing strong user metrics. Citizens JMP also raised its price target to $225, highlighting the company’s robust earnings report. BofA Securities increased its price target to $180, emphasizing Reddit’s strong execution and advertiser adoption growth. RBC Capital maintained its Sector Perform rating with a price target of $210, focusing on growth sustainability. These developments reflect Reddit’s ongoing expansion and strong market performance.
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