On September 19, 2024, Andrew Vollero, the Chief Financial Officer of Reddit Inc (RDDT, Financial), sold 80,162 shares of the company, according to a recent SEC Filing. Following this transaction, the insider now owns 771,504 shares of Reddit Inc.
Reddit Inc operates as a social media platform where users submit content such as text posts or direct links. The platform is organized into user-created boards called "subreddits," which cover a variety of topics like news, science, movies, video games, music, books, fitness, food, and image-sharing.
Over the past year, Andrew Vollero has engaged in multiple transactions involving the company's stock. The insider has sold a total of 202,507 shares and has not purchased any shares. This recent sale is part of a broader trend observed at Reddit Inc, where insider activity has predominantly consisted of sales. In the past year, there have been 22 insider sells and only 2 insider buys.
On the date of the latest transaction, shares of Reddit Inc were trading at $64.37 each. This pricing gives the company a market cap of approximately $10.98 billion. Investors and analysts often look at various valuation metrics to assess stock performance and potential, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. These metrics can provide insights into the financial health and market valuation of Reddit Inc.
For more detailed information on the valuation and stock performance of Reddit Inc, interested parties can refer to the GF Value assessment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
