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Assetmark Inc. boosts Reddit stock holdings despite CFO's recent share sale and financial losses.
Assetmark Inc. significantly increased its Reddit stock holdings, while Reddit's market cap stands at $24.27 billion.
The company reported a net margin of -37.25% and a negative return on equity of 24.71%.
Reddit's CFO, Michelle Marie Reynolds, recently sold shares, reducing her ownership by 19.82%.
Several analysts have a "buy" rating on Reddit, with a consensus price target of $175.95.
The stock has seen significant institutional investor interest.
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Assetmark Inc. aumenta las tenencias de acciones de Reddit a pesar de la reciente venta de acciones de CFO y las pérdidas financieras.