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Reddit, Inc. (NASDAQ:RDDT) Chief Technology Officer Christopher Brian Slowe sold 12,270 shares of Class A Common Stock on September 8, 2025, for approximately $3.3 million. The sales were executed in multiple trades at prices ranging from $230.38 to $245.47. The stock, currently trading at $259.14 with a market capitalization of $48.3 billion, has delivered an impressive 332% return over the past year and is trading near its 52-week high of $261.13. According to InvestingPro analysis, the stock appears to be overvalued at current levels.
The transactions were executed under a Rule 10b5-1 trading plan adopted on May 9, 2025.
On the same day, Slowe also exercised options to acquire 12,000 shares of Class A Common Stock.
In other recent news, Reddit has reported strong second-quarter results, which have led to several investment firms adjusting their price targets for the company. Deutsche Bank increased its price target to $205, citing Reddit’s better-than-expected revenue and guidance for the third quarter, along with a 21% year-over-year growth in global daily active users. Jefferies also raised its price target to $300, maintaining a Buy rating due to the sustainability of Reddit’s revenue growth and stable daily active user trends. Morgan Stanley adjusted its price target to $230, noting better-than-expected user metrics, as U.S. users remained flat, contrary to projections of a decline.
BofA Securities increased its target to $180, attributing the change to Reddit’s strong execution and the successful launch of Shopping DPAs, which led to a 50% increase in advertiser adoption. RBC Capital maintained a Sector Perform rating with a price target of $210, emphasizing growth sustainability and future surface expansion opportunities. These recent developments reflect a positive outlook from analysts on Reddit’s performance and potential.
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