Reddit (RDDT) Stock: CTO Offloads $1.29M as Jefferies Maintains Optimism Despite Price Cut

TLDR Chief Technology Officer Christopher Slowe liquidated 7,500 shares of Class A common stock for approximately $1.29 million on March 9, with execution prices spanning $133.45 to $138.86 per share. On March 10, Slowe transferred 144,644 shares as gifts, bringing his direct ownership down to 38,413 shares. Shares of RDDT have plummeted 46% during the past half-year, despite InvestingPro analysts labeling it as trading below fair value. Jefferies lowered its target from $285 to $250 while maintaining its Buy recommendation, describing the decline as a “compelling buying opportunity.” The company delivered Q4 2025 revenue of $725.6 million, representing 70% annual growth, and unveiled a $1 billion share repurchase initiative. Christopher Slowe, Reddit’s Chief Technology Officer, executed a sale of 7,500 shares of Class A Common Stock on March 9, 2026, netting approximately $1.29 million through the transaction. The sale occurred via multiple trades with share prices fluctuating between $133.45 and $138.86. Reddit, Inc., RDDT This transaction followed Slowe’s exercise of options covering 7,500 shares at $7.92 per share — with a grant price of $0.00 — marking a particularly active trading period for the executive. The following day, March 10, Slowe executed gift transfers totaling 144,644 shares. Following these transactions, his direct ownership stands at 38,413 shares, with an additional 164,828 shares held within The Slowe Family Trust established on January 26, 2012. This insider activity unfolds against a backdrop where RDDT stock has tumbled 46% across the previous six months, representing a challenging period for what was recently considered a high-flying stock. Nevertheless, InvestingPro’s analysis suggests the shares are trading below their Fair Value estimate, earning placement on the platform’s undervalued equities watchlist. Jefferies Reduces Price Target While Maintaining Positive Outlook On March 10, Jefferies lowered its price objective for Reddit fr...