Renaissance Capital LLC Sells 32,122 Shares of Reddit Inc. $RDDT

Renaissance Capital LLC reduced its stake in Reddit Inc. (NYSE:RDDT) by 30.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,218 shares of the company’s stock after selling 32,122 shares during the period. Reddit makes up about 9.4% of Renaissance Capital LLC’s investment portfolio, making the stock its biggest holding. Renaissance Capital LLC’s holdings in Reddit were worth $16,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of RDDT. Vanguard Group Inc. raised its position in shares of Reddit by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,837,215 shares of the company’s stock valued at $1,631,759,000 after purchasing an additional 638,663 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Reddit by 103.0% in the first quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after acquiring an additional 2,871,232 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Reddit by 7.5% in the second quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock valued at $308,846,000 after acquiring an additional 143,680 shares in the last quarter. State Street Corp boosted its stake in Reddit by 138.5% during the 2nd quarter. State Street Corp now owns 2,030,139 shares of the company’s stock valued at $305,678,000 after acquiring an additional 1,178,890 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Reddit by 72.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock worth $299,044,000 after acquiring an additional 833,245 shares in the last quarter.

Insider Activity at Reddit

In other news, insider Benjamin Seong Lee sold 18,750 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $240.00, for a total value of $4,500,000.00. Following the completion of the transaction, the insider directly owned 62,608 shares in the company, valued at $15,025,920. This trade represents a 23.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $220.28, for a total value of $3,965,040.00. Following the completion of the sale, the chief executive officer owned 448,576 shares of the company’s stock, valued at $98,812,321.28. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 461,333 shares of company stock valued at $96,309,724. Company insiders own 34.25% of the company’s stock.

Reddit Trading Down 0.5%

Shares of NYSE RDDT opened at $233.44 on Wednesday. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95. The company has a market cap of $44.24 billion, a price-to-earnings ratio of 134.16, a price-to-earnings-growth ratio of 2.59 and a beta of 2.17. The stock’s 50 day simple moving average is $212.56 and its 200 day simple moving average is $201.78.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. The firm had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm’s revenue was up 67.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. As a group, equities analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Key Stores Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and set a $300 price target, which supports upside expectations and may attract momentum buyers. Read More.
• Positive Sentiment: Coverage argues Reddit is an AI search beneficiary — its community content and signals could be valuable to AI summaries and search, implying stronger monetization potential for ads and search products. Read More.
• Positive Sentiment: Investor’s Business Daily/Wall Street writeups name Reddit a top AI‑driven pick for 2026, bolstering retail and growth‑fund interest. Read More.
• Neutral Sentiment: Technical/market pieces note Reddit “nears a key juncture” — could lead to a breakout or a pullback depending on market sentiment, but not a direct fundamental catalyst. Read More.
• Neutral Sentiment: Broader AI trend commentary frames 2026 as a year of dealing with AI complexities — positive for platforms that supply high-quality data, but also raises execution risk and regulation uncertainty. Read More.
• Negative Sentiment: Insider selling: CTO Christopher Slowe sold 14,000 shares (Dec. 22) — part of a series of recent sales — which can prompt near‑term selling pressure or signal insiders monetizing gains. Read More.
• Negative Sentiment: Critical analysis and some sell‑side skepticism remain — pieces saying they’re “impressed but not enough to buy” keep value/risk‑averse investors on the sidelines and cap multiple expansion. Read More.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RDDT. Bank of America upped their target price on shares of Reddit from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $236.00 price objective on shares of Reddit in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a report on Monday. B. Riley reiterated a “buy” rating and issued a $245.00 target price (up previously from $235.00) on shares of Reddit in a research report on Friday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Reddit in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and an average target price of $230.28.

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.