Reddit CEO Steve Huffman sells $2.5m in stock, exercises options
On September 29, 2026, Reddit CEO Steve Huffman exercised options worth around $437,719 and subsequently sold 17,308 Class A Common Stock shares valued at approximately $2.51 million. The transactions constituted part of a Rule 10b5-1 trading plan Huffman established on May 20, 2026. Reddit's current stock price stands at $149.53, reflecting a 67% revenue growth over the past year.
Despite the insider sale, Reddit remains undervalued according to InvestingPro analysis. Analysts have provided a range of ratings and price targets for Reddit shares, including a Buy rating with a $255 target by Guggenheim and a lower price target of $185 by DA Davidson.
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