I recently added $RDDT to my watchlist. It saw a 40% year-over-year pullback, but the fundamentals remain strong, especially the impressive gross margin and good growth rate. The core controversy (negative factor) is the recent frequent stock sales by the board/insiders. This was until Director Sarah Farrell bought $1.38 million worth of stock. The market is currently speculating on data licensing/APIs, which currently account for less than 10%, but are growing rapidly (>100% YoY). Long texts + context + interaction on Reddit are extremely valuable training data for LLM.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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