Reddit COO Wong Jennifer L. Sells 38113 Shares for $8.7M on August 20

Reddit, Inc. announced that Chief Operating Officer Wong Jennifer L. made the following transactions on August 18, 2025: she sold 900 shares at $238.36 per share, 5003 shares at $239.51 per share, 5075 shares at $240.41 per share, 7083 shares at $241.59 per share, 6256 shares at $242.27 per share, 3800 shares at $243.58 per share, 1862 shares at $244.32 per share, 100 shares at $245.21 per share, 500 shares at $247.15 per share, 300 shares at $247.83 per share, 700 shares at $248.87 per share, 500 shares at $250.11 per share, 200 shares at $251.28 per share, 100 shares at $251.94 per share, and 38113 shares at $228.18 per share on August 20, 2025.

Reddit, Inc. (NYSE: RDDT) has seen significant insider activity, with Chief Operating Officer Jennifer L. Wong selling a substantial number of shares in multiple transactions over the past few days. On August 18, 2025, Wong sold 900 shares at $238.36 per share, 5003 shares at $239.51 per share, 5075 shares at $240.41 per share, 7083 shares at $241.59 per share, 6256 shares at $242.27 per share, 3800 shares at $243.58 per share, 1862 shares at $244.32 per share, 100 shares at $245.21 per share, 500 shares at $247.15 per share, 300 shares at $247.83 per share, 700 shares at $248.87 per share, 500 shares at $250.11 per share, 200 shares at $251.28 per share, 100 shares at $251.94 per share, and 38113 shares at $228.18 per share on August 20, 2025.

The total transaction value for the August 18, 2025, sales was approximately $2,748,210.26, while the August 20, 2025, sale amounted to approximately $8,770,188.41. These sales represent a significant portion of Wong's position in the company, which now stands at 1,428,007 shares valued at $202,862,674.42, as of July 16, 2025 [1].

The latest transactions come amidst a period of increased analyst coverage and positive earnings reports for Reddit. Analysts at Argus have initiated coverage of Reddit with a "buy" rating and a price target of $250.00, indicating a potential upside of 1.46% from its current price [1]. Needham & Company LLC also lifted their target price on Reddit from $165.00 to $215.00 and gave the stock a "buy" rating [1]. Despite this positive outlook, insiders' selling activity may raise concerns among investors about the company's future prospects.

Reddit's recent earnings report showed a significant revenue increase to $499.63 million for the quarter, surpassing analysts' expectations and marking a 77.9% year-over-year growth [1]. However, the company has faced challenges in maintaining user growth, with three consecutive quarters of deceleration in daily active user growth [2]. The stock has experienced volatility, opening at $246.40 on Monday and reaching a fifty-two week high of $248.02 [1].

Investors should closely monitor Reddit's earnings and other relevant news to better understand the implications of these insider sales and the overall market sentiment towards the company.

References:
[1] https://www.marketbeat.com/instant-alerts/reddit-nyserddt-coverage-initiated-at-argus-2025-08-18/
[2] https://www.globenewswire.com/news-release/2025/08/17/3134673/0/en/REDDIT-FINAL-DEADLINE-ALERT-Bragar-Eagel-Squire-P-C-Reminds-Reddit-Investors-of-the-August-18th-Deadline-for-the-Class-Action-Suit.html