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Reddit (NASDAQ:RDDT) Chief Technology Officer Christopher Brian Slowe sold 12,000 shares of Class A Common Stock on October 22, 2025, for a total of $2.76 million. The sales were executed in multiple trades with prices ranging from $192.44 to $203.49. The social media giant, currently valued at nearly $40 billion, has seen its stock surge 148% over the past year. According to InvestingPro analysis, Reddit maintains impressive gross profit margins of 91%.
Slowe’s transactions also included the conversion of 12,000 shares of Class B Common Stock to Class A Common Stock. Additionally, Slowe exercised options to purchase 12,000 shares of Class B Common Stock at a price of $1.93. With Reddit’s strong financial health score rated as "GREAT" by InvestingPro, these insider transactions occur against a backdrop of robust company performance.
Following these transactions, Slowe directly owns 204,534 shares of Reddit Class A Common Stock. Slowe also indirectly owns 20,184 shares through The Slowe Family Trust dated January 26, 2012. With Reddit’s stock currently trading above its Fair Value and showing high valuation multiples, investors can access detailed analysis and 19 additional key insights through InvestingPro’s comprehensive research reports.
In other recent news, Reddit has seen several updates regarding its stock price targets from different financial firms. Raymond James increased its price target for Reddit to $250 from $225, maintaining a Strong Buy rating. This adjustment is based on expected improvements in advertising metrics and potential benefits from AI-driven search enhancements. Truist Securities also raised its price target for Reddit to $260 from $225, citing anticipated strong results for the third quarter of 2025 and optimistic fourth-quarter guidance as key drivers for the stock’s performance over the next 12-18 months.
Meanwhile, Citizens Financial continues to maintain a Market Outperform rating with a $300 price target, highlighting strong advertising momentum and upcoming product launches. Despite these positive outlooks, Citizens noted a decline in global time spent on Reddit for the third consecutive quarter. Additionally, Citizens Financial pointed out new data showing Reddit’s advertising effectiveness, particularly for products with long-consideration purchase paths, as a positive indicator. These recent developments reflect a mix of optimism and challenges for Reddit, as analysts adjust their expectations based on various factors.
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