Reddit (RDDT) Stock: CTO Dumps $1.29M While Jefferies Stays Bullish

TLDR

• Reddit CTO Christopher Slowe sold 7,500 Class A stock for ~$1.29M on March 9, with trades ranging from $133.45 to $138.86 per stock.
• Slowe also donated 144,644 stock on March 10, reducing his direct holdings to 38,413 stock.
• RDDT has dropped 46% over the past six months, though analysts at InvestingPro consider it undervalued.
• Jefferies cut its price target on RDDT to $250 from $285 but kept a Buy rating, calling the pullback a “compelling buying opportunity.”
• Reddit posted Q4 2025 revenue of $725.6M, up 70% year-over-year, and launched a $1B buyback program.

Reddit’s CTO Christopher Slowe sold 7,500 Class A Common Stock on March 9, 2026, pulling in roughly $1.29 million. The trades were executed across multiple transactions at prices between $133.45 and $138.86.

Reddit, Inc., RDDT

The sale followed the exercise of stock options for 7,500 stock at an exercise price of $7.92 — the grant price was $0.00 — adding to Slowe’s activity in a busy few days for the exec.

The next day, on March 10, Slowe went further, donating 144,644 stock in gift transactions. After all is said and done, Slowe directly holds 38,413 stock, while 164,828 stock sit in The Slowe Family Trust dated January 26, 2012.

These moves come as RDDT stock has shed 46% over the past six months, a rough stretch for a company that was a market darling not long ago.

That said, InvestingPro flags the stock as currently undervalued versus its Fair Value, placing it on the platform’s most undervalued stocks list.

Jefferies Trims Target but Stays Bullish

Jefferies cut its price target on Reddit to $250 from $285 on March 10, but held its Buy rating and kept the stock as a Top Pick.

The firm surveyed around 1,000 U.S. adults to measure engagement across social platforms. Results showed Reddit gives advertisers unique low-funnel targeting and incremental reach other platforms don’t offer.

Jefferies also pointed to a roughly 70% discount in revenue per user compared to peers — framing that gap as an upside opportunity rather than a problem.

Strong Q4 Results, Despite Headwinds

Reddit’s Q4 2025 results gave investors plenty to work with. Revenue hit $725.6 million, a 70% jump year-over-year. Adjusted EBITDA grew 112% year-over-year, beating analyst estimates by 16%.

Needham maintained its Buy rating and $300 price target following the results. Truist Securities raised its target to $275 from $270, also keeping a Buy rating, and called the quarter a “Classic Beat & Raise.”

Reddit also announced a $1 billion stock buyback program alongside those results.

Not everything was rosy, though. Reddit was hit with a £14.47 million fine from the UK’s Information Commissioner’s Office for mishandling children’s personal data.

The regulator said Reddit failed to put in place proper age verification until July 2025 and relied on self-declaration, which it called insufficient.

Citizens maintained its Market Outperform rating on Reddit despite the fine, citing strong ad revenue momentum — 75% year-over-year growth in Q4.

The firm did flag one concern: global time spent on the platform is slipping. In the U.S., time spent dropped 10.5% year-over-year in January.

Jefferies’ survey results and Reddit’s own Q4 numbers remain the most recent data points analysts are working from.

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