The stock price of $RDDT has seen a decline today, falling 7%, with trade volume recorded at approximately $686,656,173. The stock is currently the 33rd most-searched ticker among over 10,000 tickers on Quiver Quantitative.
In terms of insider trading, there have been 397 trades involving $RDDT by insiders in the past six months. Notably, all these transactions were sales, with no purchases recorded. Key figures include Chief Operating Officer Jennifer L. Wong, who sold 326,047 shares for around $70.9 million, and CEO Steve Ladd Huffman, who sold 208,000 shares for about $45.8 million. Other executives, including Chief Technology Officer Christopher Brian Slope and Chief Financial Officer Andrew Vollero, have also reported significant sales, reflecting a trend of insiders liquidating their holdings rather than investing further.
Turning to institutional interest, 505 institutional investors have recently added to their positions in $RDDT, while 293 investors have reduced their holdings. This indicates a diversified approach among institutional investors towards $RDDT, though the overall sentiment reflects more selling than buying at the executive levels.
On the analyst front, Wall Street has generally maintained a positive outlook on $RDDT, with nine firms issuing buy ratings and none suggesting sell ratings. Recent endorsements include Needham and Citigroup, both issuing buy ratings in late 2025. Analysts have set diverse price targets, with a median target of $250, and some forecasts reaching as high as $325, reflecting optimism regarding the stock’s potential recovery and growth.
In conclusion, while $RDDT faces challenges reflected in today’s trading performance and insider sales, the positive analyst ratings and institutional support may provide a foundation for future recovery. Investors are encouraged to monitor market trends and analyst insights to make informed decisions regarding $RDDT.