Key Points
- CEO Steve Ladd Huffman sold 18,000 shares on November 14 at an average price of $194.81 for proceeds of $3.51M, leaving him with 485,958 shares (a 3.57% reduction in his position).
- Reddit beat quarterly estimates, reporting $0.80 EPS vs. $0.50 expected and $584.9M in revenue (up 67.9% y/y); analysts hold a consensus "Moderate Buy" with a $226.33 price target and the stock trades at a P/E of 106.56.
Reddit Inc. (NYSE:RDDT - Get Free Report) CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $194.81, for a total value of $3,506,580.00. Following the transaction, the chief executive officer owned 485,958 shares in the company, valued at $94,669,477.98. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Steve Ladd Huffman also recently made the following trade(s):
- On Thursday, October 30th, Steve Ladd Huffman sold 4,089 shares of Reddit stock. The shares were sold at an average price of $194.93, for a total value of $797,068.77.
- On Tuesday, November 4th, Steve Ladd Huffman sold 13,911 shares of Reddit stock. The shares were sold at an average price of $189.33, for a total value of $2,633,769.63.
- On Wednesday, October 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $200.53, for a total transaction of $3,609,540.00.
- On Tuesday, September 30th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $229.10, for a total transaction of $4,123,800.00.
- On Monday, September 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was 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 stock was sold at an average price of $223.41, for a total transaction of $4,021,380.00.
Reddit Stock Performance
NYSE RDDT opened at $185.42 on Wednesday. The firm's fifty day moving average is $216.35 and its two-hundred day moving average is $178.49. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95. The firm has a market cap of $35.14 billion, a PE ratio of 106.56, a P/E/G ratio of 2.07 and a beta of 2.14.
Reddit (NYSE:RDDT - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.30. The firm had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The business's revenue was up 67.9% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. Reddit has set its Q4 2025 guidance at EPS. Research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Morgan Stanley reiterated an "overweight" rating and issued a $250.00 target price on shares of Reddit in a research note on Friday, October 31st. Piper Sandler reaffirmed an "overweight" rating and set a $290.00 price target on shares of Reddit in a report on Friday, October 3rd. Zacks Research raised shares of Reddit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 29th. Oppenheimer upped their price objective on shares of Reddit from $215.00 to $300.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 16th. Finally, Sanford C. Bernstein lifted their target price on shares of Reddit from $190.00 to $210.00 and gave the company a "market perform" rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $226.33.
Get Our Latest Analysis on Reddit
Institutional Investors Weigh In On Reddit
Hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its stake in Reddit by 25.6% in the third quarter. Huntington National Bank now owns 270 shares of the company's stock valued at $62,000 after purchasing an additional 55 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Reddit by 0.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company's stock worth $3,023,000 after buying an additional 65 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Reddit by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company's stock valued at $567,000 after buying an additional 66 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of Reddit by 5.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company's stock valued at $331,000 after acquiring an additional 69 shares during the last quarter. Finally, Congress Park Capital LLC lifted its holdings in shares of Reddit by 2.0% during the 2nd quarter. Congress Park Capital LLC now owns 3,885 shares of the company's stock worth $585,000 after acquiring an additional 76 shares during the period.
Reddit Company Profile
(
Get Free Report)
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.
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