Key Points
- COO Jennifer Wong sold 39,167 shares at an average price of $234.37 on Dec. 19 for about $9.18 million, trimming her stake by 3.2% to 1,184,528 shares valued around $277.6 million.
- Strong Q3 results: Reddit posted $0.80 EPS (vs. $0.50 expected) and $584.9M revenue, up 67.9% year-over-year, with ARPU rising roughly 41%—signaling improving monetization.
- Analyst sentiment is broadly positive: Needham named RDDT a top pick with a $300 price target, and the Street’s consensus is a "Moderate Buy" with an average target near $230.
Reddit Inc. (NYSE:RDDT - Get Free Report) COO Jennifer Wong sold 39,167 shares of the business's stock in a transaction on Friday, December 19th. The stock was sold at an average price of $234.37, for a total transaction of $9,179,569.79. Following the completion of the sale, the chief operating officer directly owned 1,184,528 shares in the company, valued at approximately $277,617,827.36. This represents a 3.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Reddit Stock Down 3.2%
Shares of NYSE:RDDT opened at $225.76 on Wednesday. The firm has a market cap of $42.78 billion, a P/E ratio of 129.74, a P/E/G ratio of 2.57 and a beta of 2.17. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95. The business has a fifty day simple moving average of $209.69 and a 200 day simple moving average of $197.82.
Reddit (NYSE:RDDT - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The firm had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business's revenue was up 67.9% on a year-over-year basis. As a group, equities research analysts expect that Reddit Inc. will post 1.12 EPS for the current year.
Institutional Trading of Reddit
Large investors have recently made changes to their positions in the company. American Century Companies Inc. increased its position in Reddit by 35.0% in the 1st quarter. American Century Companies Inc. now owns 11,523 shares of the company's stock valued at $1,209,000 after buying an additional 2,987 shares in the last quarter. Northern Trust Corp boosted its holdings in Reddit by 10.8% in the first quarter. Northern Trust Corp now owns 296,086 shares of the company's stock worth $31,059,000 after acquiring an additional 28,960 shares in the last quarter. Allstate Corp acquired a new stake in Reddit in the first quarter valued at approximately $311,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Reddit during the first quarter valued at approximately $1,325,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Reddit by 12.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,323 shares of the company's stock worth $139,000 after purchasing an additional 147 shares during the period.
Reddit News Summary
Here are the key news stories impacting Reddit this week:
- Positive Sentiment: Needham named RDDT a top pick for 2026 and added it to its "Conviction Buy" list, setting a $300 price target (roughly ~33% upside from current levels) while citing ad-business growth and AI/content-licensing opportunities. Barron's: Needham Top Pick
- Positive Sentiment: Reddit reported strong monetization trends: ARPU rose ~41% in Q3 2025 driven by advertiser growth, improved ad tools and higher global engagement — a clear fundamental support for revenue/earnings upside. Zacks: ARPU Growth
- Positive Sentiment: Company initiatives to expand digital engagement and build community-platform integrations were highlighted as drivers of user/time-on-site and ad inventory growth — a strategic plus for ad revenue scaling. Kalkine: Digital Engagement
- Neutral Sentiment: Options/flow commentary (video) flags optimism from traders after the Needham call, but options chatter can amplify swings without changing fundamentals. YouTube: Options Corner
- Negative Sentiment: Insider selling: COO Jennifer L. Wong sold 39,167 shares (~$9.18M) on Dec 19; her remaining stake still sizable but the sale is a near-term negative signal for sentiment. SEC filing: SEC Form 4
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of Reddit in a research report on Tuesday. Royal Bank Of Canada restated a "sector perform" rating on shares of Reddit in a report on Wednesday, October 1st. Truist Financial set a $270.00 price target on Reddit in a report on Friday, October 31st. Piper Sandler reissued an "overweight" rating on shares of Reddit in a research note on Monday, December 1st. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Reddit currently has an average rating of "Moderate Buy" and an average target price of $230.28.
Check Out Our Latest Report on RDDT
Reddit Company Profile
(
Get Free Report)
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.
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