Reddit Insiders Sell Over $16 Million In Shares Amid Market Volatility
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At Reddit (RDDT), Chief Legal Officer Lee Benjamin Seong and Chief Accounting Officer Michelle Marie Reynolds have collectively sold shares worth over $16 million. Seong’s transaction involved 92,299 shares, amounting to approximately $14.5 million, while Reynolds sold 11,965 shares for about $1.88 million. These transactions were disclosed via SEC Form 4 filings.
Reddit Stock Brief
Reddit’s stock has experienced a notable price movement, reflecting recent market dynamics. As of March 7, 2025, the stock opened at $147.02 and currently stands at $136.43. This marks a decline from the previous close of $150.72.
The day’s trading has seen a low of $136.35 and a high of $148.29. Over the past year, Reddit’s stock has fluctuated significantly, with a 52-week low of $37.35 and a high of $230.41. The current market cap is valued at $24.68 billion, with a forward PE ratio of 203.63, indicating high investor expectations for future earnings.
Several key financial metrics are influencing Reddit’s stock valuation. The company’s book value stands at $11.817, with a price-to-book ratio of 11.55. The debt-to-equity ratio is 1.253, suggesting a moderate level of debt relative to equity.
The trailing EPS is -$3.33, while the forward EPS is projected at $0.67, indicating anticipated improvements in earnings. With a quick ratio of 12.535 and a current ratio of 12.631, Reddit demonstrates strong liquidity.
Analysts have issued a “Buy” recommendation, with a recommendation mean of 2.05, and price targets ranging from a low of $150 to a high of $250, reflecting varied expectations for the stock’s future performance.
Reddit Stock Price Movement Shows a Steady Decline from Feb. 2025
Reddit’s recent stock performance has been marked by volatility, with a steady decline from $225.23 on February 7, 2025, to current levels. This drop highlights the impact of market conditions and investor sentiment.
The stock has experienced significant fluctuations, particularly from February to March 2025, underscoring the challenges and opportunities faced by the company in navigating the current financial landscape. Despite these fluctuations, the analyst community remains optimistic, with a median price target of $210, suggesting potential upside from current price levels.
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Disclaimer: The author does not hold or have a position in any securities discussed in the article.