Reddit COO Wong sells $4.7m in shares

Reddit, Inc. (NASDAQ:RDDT) Chief Operating Officer Jennifer L. Wong sold a total of $4.7 million in Class A Common Stock on July 16, 2025. The sales were executed in multiple transactions with prices ranging from $139.15 to $145.90. The stock, currently trading at $148.24, has delivered an impressive 129% return over the past year. According to InvestingPro analysis, Reddit is currently trading above its Fair Value.

According to a Form 4 filing with the Securities and Exchange Commission, Wong sold 1,300 shares at a weighted average price of $139.15, 8,000 shares at $140.07, 3,600 shares at $141.12, 7,989 shares at $142.18, 4,910 shares at $143.08, 6,535 shares at $144.18, 900 shares at $145.12 and 100 shares at $145.90.

On the same day, Wong also exercised stock options to acquire 33,334 shares of Class A Common Stock at an exercise price of $5.35, resulting in a total transaction value of $0.

Following these transactions, Wong directly owns 1,428,007 shares of Reddit Class A Common Stock and indirectly owns 161,000 shares through the MorMa Trust dated June 22, 2021. She also directly owns 336,453 shares of Reddit through stock options.

The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Wong on May 21, 2024. Reddit’s next earnings report is scheduled for July 31, 2025, with analysts expecting continued growth in both sales and net income, according to InvestingPro data.

In other recent news, Reddit has introduced AI-powered advertising tools aimed at enhancing brand engagement by leveraging user conversations on the platform. These tools, "Reddit Insights" and "Conversation Summary Add-ons," are designed to provide marketers with real-time insights and integrate positive user comments into ads. Reddit’s financial outlook has seen varied analyst actions recently. JMP Securities reiterated a Market Outperform rating, maintaining a $180 price target despite slowing user engagement growth. Baird raised its price target to $151 from $120, citing improved site traffic and comfortable near-term estimates. Wells Fargo (NYSE:WFC) increased its price target to $118, highlighting stabilizing ad trends and increased revenue estimates. Conversely, Loop Capital lowered its target to $200 from $210 due to user growth concerns but maintained a Buy rating, projecting long-term user base expansion. These developments reflect a complex landscape for Reddit as it navigates growth challenges and opportunities.

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