Stephens Inc. AR Acquires Shares of 1,767 Reddit Inc. $RDDT

Stephens Inc. AR acquired a new stake in shares of Reddit Inc. (NYSE:RDDT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,767 shares of the company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Petrus Trust Company LTA purchased a new position in shares of Reddit in the 1st quarter worth about $473,000. JPMorgan Chase & Co. raised its position in shares of Reddit by 98.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock worth $200,096,000 after purchasing an additional 944,847 shares during the last quarter. Greycroft LP raised its position in shares of Reddit by 109.1% in the 1st quarter. Greycroft LP now owns 11,500 shares of the company’s stock worth $1,206,000 after purchasing an additional 6,000 shares during the last quarter. Think Investments LP raised its position in shares of Reddit by 10.3% in the 1st quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Sender Co & Partners Inc. purchased a new position in shares of Reddit in the 1st quarter worth about $1,367,000.

Insider Buying and Selling at Reddit

In other news, CFO Andrew Vollero sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the completion of the sale, the chief financial officer owned 284,168 shares of the company’s stock, valued at $61,974,199.12. This represents a 9.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Christopher Brian Slowe sold 14,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $197.10, for a total transaction of $2,759,400.00. Following the sale, the chief technology officer directly owned 204,534 shares of the company’s stock, valued at $40,313,651.40. The trade was a 6.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 380,500 shares of company stock worth $86,589,351 over the last 90 days. 34.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RDDT shares. Sanford C. Bernstein set a $190.00 price target on Reddit and gave the stock a “market perform” rating in a research report on Thursday. Robert W. Baird increased their target price on Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Reddit in a research note on Friday, October 3rd. Wolfe Research upgraded Reddit to an “outperform” rating in a research note on Sunday, August 3rd. Finally, Citigroup increased their target price on Reddit from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.50.

Reddit Stock Performance

Shares of NYSE:RDDT opened at $214.64 on Monday. Reddit Inc. has a fifty-two week low of $79.02 and a fifty-two week high of $282.95. The business has a 50-day simple moving average of $225.42 and a two-hundred day simple moving average of $167.00. The firm has a market cap of $40.17 billion, a price-to-earnings ratio of 195.12, a price-to-earnings-growth ratio of 3.27 and a beta of 2.23.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The business had revenue of $499.63 million during the quarter, compared to analyst estimates of $424.07 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. Reddit’s revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

About Reddit

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.