On November 25, 2024, Andrew Vollero, Chief Financial Officer of Reddit Inc (RDDT, Financial), executed a sale of 19,838 shares of the company, as documented in the SEC Filing. Following this transaction, the insider now holds 703,615 shares of Reddit Inc.
Reddit Inc is a social media platform that allows users to submit content, such as text, links, and images, which can then be voted up or down by other members. The platform is organized into communities known as "subreddits," each focusing on specific topics or interests.
The insider's recent sale is part of a broader trend observed within the company. Over the past year, Andrew Vollero has sold a total of 222,345 shares and has not made any purchases. The overall insider transaction history for Reddit Inc indicates there have been 2 insider buys and 39 insider sells over the same period.
On the day of the sale, shares of Reddit Inc were trading at $143.22 each, resulting in a market cap of $24.588 billion. Investors and analysts often look at various valuation metrics to assess a company's financial health and market position. These include the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
This insider activity provides valuable insights into the company's internal sentiment and can be a useful data point for investors considering their positions in Reddit Inc.
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.
