Benjamin Seong Lee Sells 27,930 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 27,930 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $260.08, for a total transaction of $7,264,034.40. Following the completion of the sale, the insider owned 62,608 shares of the company’s stock, valued at approximately $16,283,088.64. This trade represents a 30.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Benjamin Seong Lee also recently made the following trade(s):

• On Friday, January 9th, Benjamin Seong Lee sold 3,320 shares of Reddit stock. The stock was sold at an average price of $260.22, for a total value of $863,930.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The shares were sold at an average price of $240.00, for a total value of $4,500,000.00.
• On Tuesday, December 16th, Benjamin Seong Lee sold 55,005 shares of Reddit stock. The stock was sold at an average price of $221.21, for a total value of $12,167,656.05.
• On Monday, November 24th, Benjamin Seong Lee sold 6,427 shares of Reddit stock. The stock was sold at an average price of $192.68, for a total value of $1,238,354.36.

Reddit Stock Performance

NYSE:RDDT traded down $9.24 during mid-day trading on Friday, hitting $244.71. 5,537,837 shares of the company’s stock traded hands, compared to its average volume of 3,422,567. The company has a fifty day moving average of $218.41 and a 200 day moving average of $206.87. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The company has a market capitalization of $46.37 billion, a P/E ratio of 140.64, a P/E/G ratio of 1.71 and a beta of 2.17.

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

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

Analyst Upgrades and Downgrades

RDDT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Bank of America upped their target price on Reddit from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Citigroup raised their target price on Reddit from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Cannonball Research reaffirmed a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Finally, Robert W. Baird increased their price objective on Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $232.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDDT. Norges Bank acquired a new stake in Reddit during the 2nd quarter worth about $294,254,000. Vanguard Group Inc. lifted its holdings in shares of Reddit by 12.9% in the 3rd quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company’s stock valued at $2,814,734,000 after buying an additional 1,401,293 shares during the period. Amundi boosted its stake in shares of Reddit by 2,060.5% in the second quarter. Amundi now owns 1,307,231 shares of the company’s stock worth $208,294,000 after buying an additional 1,246,725 shares during the last quarter. Invesco Ltd. grew its holdings in Reddit by 419.0% during the third quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock worth $342,212,000 after acquiring an additional 1,201,237 shares during the period. Finally, State Street Corp grew its holdings in Reddit by 138.5% during the second quarter. State Street Corp now owns 2,030,139 shares of the company’s stock worth $305,678,000 after acquiring an additional 1,178,890 shares during the period.

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.