Insider Selling: Reddit (NYSE:RDDT) CEO Sells $4,123,800.00 in Stock

Reddit Inc. (NYSE:RDDT) CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $229.10, for a total value of $4,123,800.00. Following the transaction, the chief executive officer owned 494,104 shares of the company’s stock, valued at $113,199,226.40. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Steve Ladd Huffman also recently made the following trade(s):

• On Monday, September 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $261.22, for a total transaction of $4,701,960.00.
• On Friday, August 29th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $223.41, for a total transaction of $4,021,380.00.
• On Friday, August 15th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The shares were sold at an average price of $244.70, for a total transaction of $3,425,800.00.
• On Tuesday, August 5th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The shares were sold at an average price of $202.70, for a total transaction of $2,837,800.00.
• On Tuesday, July 15th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The shares were sold at an average price of $145.63, for a total transaction of $2,038,820.00.

Reddit Trading Up 3.1%

NYSE RDDT opened at $207.24 on Friday. Reddit Inc. has a 1-year low of $68.80 and a 1-year high of $282.95. The company has a 50 day moving average of $224.76 and a 200-day moving average of $156.56. The company has a market cap of $38.79 billion, a price-to-earnings ratio of 188.40, a PEG ratio of 3.26 and a beta of 2.23.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on RDDT. Bank of America upped their target price on Reddit from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group restated a “neutral” rating and set a $212.00 target price on shares of Reddit in a research note on Friday, August 1st. Robert W. Baird upped their target price on Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Cannonball Research restated a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Finally, Loop Capital cut their target price on Reddit from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.58.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Reddit by 8,650.0% in the 3rd quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock valued at $40,000 after acquiring an additional 173 shares during the last quarter. Financial Perspectives Inc acquired a new stake in Reddit in the second quarter valued at $34,000. CWM LLC increased its holdings in Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Stone House Investment Management LLC acquired a new stake in Reddit in the first quarter valued at $31,000. Finally, Advisors Asset Management Inc. increased its holdings in Reddit by 68.2% in the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock valued at $55,000 after purchasing an additional 148 shares during the period.

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.