Reddit (NYSE:RDDT) CAO Sells $161,600.00 in Stock

Reddit Inc. (NYSE:RDDT) CAO Michelle Marie Reynolds sold 808 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $200.00, for a total value of $161,600.00. Following the completion of the transaction, the chief accounting officer owned 15,060 shares of the company’s stock, valued at approximately $3,012,000. This represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Reddit Stock Down 2.0%

RDDT opened at $195.47 on Thursday. The firm’s 50 day moving average is $167.48 and its 200-day moving average is $170.98. Reddit Inc. has a 52-week low of $119.27 and a 52-week high of $282.95. The firm has a market capitalization of $37.63 billion, a P/E ratio of 55.85 and a beta of 1.93.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.39. The business had revenue of $663.41 million during the quarter, compared to the consensus estimate of $607.74 million. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The business’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Equities analysts expect that Reddit Inc. will post 4.83 earnings per share for the current fiscal year.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Wells Fargo raised its price target on Reddit and maintained a Hold/equal-weight view, signaling that analysts still see value in the company’s growth story even after the recent run-up. Wells Fargo Keeps Their Hold Rating on Reddit Inc Class A (RDDT)
• Positive Sentiment: Recent coverage highlighted Reddit’s expanding AI licensing efforts and its AI safety push, including stronger bot detection and human verification, both of which support long-term monetization and user trust. Reddit (RDDT) Expands AI Licensing, Is The Stock Fully Priced?
• Positive Sentiment: Commentary around the stock’s recent rally and price-target upgrade suggests investor interest remains strong, especially as Reddit continues to benefit from AI-related opportunities. Options Corner: RDDT Sees Price Target Hike Amid Stock Rally
• Neutral Sentiment: A Reddit executive sold a relatively small number of shares under a pre-arranged trading plan, which is routine and not necessarily a negative signal by itself. Reddit (NYSE:RDDT) CAO Sells $161,600.00 in Stock
• Neutral Sentiment: Reddit’s latest earnings and institutional ownership trends continue to show strong revenue growth and broad Wall Street support, but these are largely longer-term fundamentals rather than a fresh catalyst. Reddit stock and ownership/earnings overview
• Negative Sentiment: Some articles framed Reddit as overextended after its rally, and at least one analyst note implied limited upside from current levels, which may be contributing to selling pressure. Reddit Inc. (RDDT) Declines More Than Market: Some Information for Investors

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Loop Capital restated a “buy” rating and set a $260.00 target price on shares of Reddit in a research note on Thursday, June 4th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Reddit in a report on Wednesday, June 24th. Wall Street Zen lowered Reddit from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. DA Davidson restated a “buy” rating and set a $200.00 price objective on shares of Reddit in a report on Friday, May 1st. Finally, Raymond James Financial set a $180.00 target price on Reddit and gave the company a “market perform” rating in a research report on Friday, May 1st. Eighteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.14.

Hedge Funds Weigh In On Reddit

A number of hedge funds have recently bought and sold shares of RDDT. GW&K Investment Management LLC acquired a new stake in Reddit during the third quarter valued at approximately $30,000. LOM Asset Management Ltd acquired a new position in shares of Reddit in the 4th quarter worth approximately $33,000. Noble Wealth Management PBC acquired a new position in shares of Reddit in the 4th quarter worth approximately $34,000. Sunbelt Securities Inc. increased its holdings in shares of Reddit by 87.5% in the 1st quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. bought a new stake in shares of Reddit in the 2nd quarter valued at approximately $35,000.

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.