Street Calls of the Week
Reddit (NASDAQ:RDDT) Chief Technology Officer Christopher Brian Slowe sold 14,993 shares of Class A Common Stock on June 23, 2025, for approximately $2.1 million. The sales were executed in multiple trades at prices ranging from $133.93 to $141.48. The social media company, currently valued at nearly $26 billion, maintains impressive financial metrics, including a 90.82% gross profit margin and a healthy current ratio of 12.46.
Slowe also acquired 11,000 shares of Class A Common Stock through the conversion of derivative securities, without any payment.
These sales were executed under a Rule 10b5-1 trading plan adopted on May 21, 2024. Following these transactions, Slowe directly owns 246,373 shares of Reddit Class A Common Stock. Additionally, Slowe indirectly owns 20,184 shares through The Slowe Family Trust dated January 26, 2012.
In other recent news, Reddit has introduced two AI-powered advertising features aimed at enhancing brand engagement on its platform. The new tools, "Reddit Insights" and "Conversation Summary Add-ons," are designed to provide marketers with real-time insights and integrate positive user comments beneath advertisements. Meanwhile, Reddit’s stock target was lowered by Loop Capital to $200 due to concerns over slowing user growth, although the firm maintains a Buy rating and anticipates strong long-term growth prospects. Additionally, Reddit is experiencing a decline in user numbers, with a reported drop of 6 million users in May, marking the third consecutive month of decline.
Reddit has also taken legal action against AI startup Anthropic, alleging unauthorized use of its user data, which has resulted in a positive market response. The lawsuit claims Anthropic accessed Reddit’s site over 100,000 times without authorization, highlighting the importance of data privacy and compliance. In another development, Reddit’s Chief Product Officer Pali Bhat is set to leave the company, prompting a search for a new product leader while the company remains focused on global expansion and product development. These recent developments reflect Reddit’s ongoing efforts to navigate challenges and capitalize on opportunities in the digital advertising and social media landscape.
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