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Reddit (NASDAQ:RDDT), the social media platform with a market capitalization of $26.56 billion and impressive 90.8% gross profit margins, reported an insider sale. Chief Accounting Officer Michelle Marie Reynolds sold 3,500 shares of Class A Common Stock on June 25, 2025, for $527,240. The shares were sold at a price of $150.64.
Following the transaction, Reynolds directly owns 37,868 shares of Reddit, Inc. According to InvestingPro analysis, Reddit maintains strong financial health with a GREAT overall score, supported by robust liquidity ratios and significant revenue growth of 64% in the last twelve months.
The sale was executed under a Rule 10b5-1 trading plan adopted on March 11, 2025. For deeper insights into Reddit’s insider trading patterns and comprehensive financial analysis, including 18 additional ProTips, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Reddit introduced AI-powered advertising tools to enhance brand engagement by leveraging user conversations on the platform. The new features, "Reddit Insights" and "Conversation Summary Add-ons," aim to assist marketers in campaign planning and integrating user feedback directly beneath ads. Additionally, Loop Capital lowered its price target for Reddit to $200 from $210, citing concerns over moderating user growth. Despite this, the firm maintains a Buy rating, projecting strong long-term growth and potential revenue of $4.5 billion by 2029. Reddit’s user numbers have reportedly declined for the third consecutive month, with a 6 million drop in total audience in May, according to Piper Sandler. Meanwhile, Reddit filed a lawsuit against AI firm Anthropic for allegedly unauthorized data usage, a move that led to a 7.1% rise in Reddit’s shares. The company is also undergoing a leadership change as Chief Product Officer Pali Bhat is set to depart, with COO Jennifer Wong temporarily taking over user growth initiatives. Despite these developments, Reddit remains focused on global expansion, advertising product development, and core product enhancements.
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