Director of Reddit Buys $7.5 Million Worth of Shares – Insider Weekends

Reddit Inc (RDDT): $139.65

Market Cap: $26.68B

Enterprise Value: $24.22B

Introduction

Earlier this week, we wrote an article titled “Where Are The Software Insiders?” in which we discussed the tendency of insiders stepping up to buy hand over fist when their industry has seen big declines due to external shocks. The main question of the article, as the title implies, was wondering when software company insiders would start stepping in to buy shares in an industry that has seen most stocks decimated on concerns of disruption from AI.

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