Reddit CTO Slowe sells $2.8m in shares

Reddit (NASDAQ:RDDT) Chief Technology Officer Christopher Brian Slowe sold 12,900 shares of Class A Common Stock on October 8, 2025, for approximately $2.8 million. The sales were executed in multiple trades with prices ranging from $196.02 to $205.43. The stock has shown remarkable strength, gaining over 94% in the past six months, though InvestingPro analysis suggests the shares are currently trading above their Fair Value.

Slowe also acquired 12,000 shares of Class A Common Stock through the conversion of Class B Common Stock at a price of $0. Furthermore, 12,000 shares were acquired upon exercising stock options with an exercise price of $1.93. The company maintains strong financial health with a current ratio of 12.0, indicating robust liquidity management.

Following these transactions, Slowe directly owns 206,534 shares of Reddit Class A Common Stock and indirectly owns 20,184 shares through The Slowe Family Trust.

The sales were executed under a Rule 10b5-1 trading plan adopted on May 9, 2025.

In other recent news, Reddit has been the focus of several analyst reports highlighting its advertising revenue potential. Citizens Financial maintained its Market Outperform rating and a $300 price target, citing Reddit’s effective advertising for products with long consideration purchase paths. This analysis was supported by Kantar’s findings, showing Reddit’s strong performance in ad monetization. Similarly, RBC Capital raised its price target for Reddit to $245 from $210, noting significant growth in ad load compared to other social media platforms. However, RBC also expressed concerns about declining daily active users, maintaining a Sector Perform rating. Analyst Brad Erickson from RBC pointed out that data from SimilarWeb indicated a decrease in user activity, which has been circulating on social media. Despite these concerns, Citizens analyst Andrew Boone reiterated the $300 price target, emphasizing the room for revenue growth as Reddit’s advertising tools continue to mature. These developments reflect a mixed sentiment among analysts regarding Reddit’s future prospects.

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