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Reddit (NASDAQ:RDDT) Chief Technology Officer Christopher Brian Slowe sold a total of $2,329,310 worth of Class A Common Stock on July 22, 2025, at prices ranging from $139.24 to $147.39. The social media platform, currently valued at nearly $27 billion and trading above InvestingPro’s Fair Value estimate, maintains strong financial health with impressive gross profit margins of 91%.
According to a Form 4 filing with the Securities and Exchange Commission, Slowe executed multiple sales. These sales included 400 shares sold at $139.24, generating $55,696; 400 shares sold at $140.39, totaling $56,156; 1,065 shares sold at $142.58, amounting to $151,841.70; 1,375 shares sold at $144.42, resulting in $198,602.50; 3,470 shares at $145.63, for a total of $505,236.10; 8,490 shares at $146.50, totaling $1,243,785; and 800 shares at $147.39, amounting to $117,912. The stock has shown remarkable strength, delivering a 139% return over the past year.
On the same day, Slowe also converted 11,000 shares of Class B Common Stock to Class A Common Stock. These transactions were executed automatically upon vesting of stock options.
Following these transactions, Slowe directly owns 241,373 shares of Reddit Class A Common Stock and indirectly owns 20,184 shares through The Slowe Family Trust.
In other recent news, Reddit’s first quarter 2025 results have exceeded consensus expectations, leading Needham to raise its price target for the company to $165, while maintaining a Buy rating. Similarly, Bernstein SocGen Group increased its price target for Reddit to $150, citing renewed focus on user growth and positive reactions to news of accelerating user engagement. Ahead of Reddit’s second-quarter earnings release, Citi has reiterated its Buy rating and set a price target of $163, expecting the results to surpass consensus expectations based on advertiser checks. Meanwhile, Citizens JMP continues to support Reddit with a Market Outperform rating and a $180 price target, attributing this to stabilized user growth driven by enhanced visibility in Google (NASDAQ:GOOGL) search and AI-powered features. Despite some signs of slowing user engagement growth, JMP Securities also maintains a Market Outperform rating and a $180 price target, noting a deceleration in both U.S. and global in-app time spent growth. These developments highlight a mix of optimism and caution among analysts regarding Reddit’s future performance.
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