Key Points
- Reddit CTO Christopher Brian Slowe sold 14,000 shares on Dec. 22 at an average price of $233.53 for a $3.27M transaction, reducing his direct stake by about 7.54% to 171,694 shares (≈$40.1M).
- Slowe has been selling repeatedly since October — roughly 94,000 shares in six transactions (about $19.6M total) across Oct.–Dec., signaling a sustained insider sell-off rather than a one‑off trade.
- Separately, Reddit reported strong recent results (Qtr EPS $0.80 vs. $0.50 expected; revenue $584.9M, +67.9% YoY) and carries a consensus rating of "Moderate Buy" with an average target of $230.28 and a market cap of ~$44.5B.
Reddit Inc. (NYSE:RDDT - Get Free Report) CTO Christopher Brian Slowe sold 14,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $233.53, for a total transaction of $3,269,420.00. Following the transaction, the chief technology officer directly owned 171,694 shares in the company, valued at approximately $40,095,699.82. This represents a 7.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Christopher Brian Slowe also recently made the following trade(s):
- On Monday, December 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $233.99, for a total transaction of $3,275,860.00.
- On Monday, November 24th, Christopher Brian Slowe sold 24,000 shares of Reddit stock. The shares were sold at an average price of $192.72, for a total transaction of $4,625,280.00.
- On Monday, November 10th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $204.43, for a total value of $2,862,020.00.
- On Wednesday, October 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $197.10, for a total value of $2,759,400.00.
- On Wednesday, October 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $200.81, for a total value of $2,811,340.00.
Reddit Price Performance
RDDT opened at $234.70 on Tuesday. The stock's 50 day simple moving average is $212.00 and its 200 day simple moving average is $200.97. The firm has a market cap of $44.48 billion, a price-to-earnings ratio of 134.88, a PEG ratio of 2.49 and a beta of 2.17. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95.
Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business's revenue was up 67.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Reddit Inc. will post 1.12 EPS for the current year.
Trending Headlines about Reddit
Here are the key news stories impacting Reddit this week:
- Positive Sentiment: Needham reaffirmed a "buy" rating and set a $300 price target (implying ~28% upside from current levels), which can attract momentum buyers and support the stock's rally. Needham Buy Rating
- Positive Sentiment: Coverage citing Reddit as an "AI search winner" suggests its content + community data advantage could boost ad targeting and search product monetization, a meaningful fundamental growth narrative for investors. Reddit Emerges as AI Search Winner
- Positive Sentiment: Investor's Business Daily named Reddit a notable AI-driven pick for 2026, reinforcing bullish sentiment from growth-focused funds and retail investors who follow stock-of-the-day features. IBD Stock of the Day
- Positive Sentiment: Analyses pointing to Reddit's decent recent performance highlight improving fundamentals and multiple expansion potential, supporting continued investor interest. Yahoo Finance Performance Piece
- Neutral Sentiment: Market write‑ups note Reddit "nears key juncture" from a technical/market-structure perspective — this signals a possible break higher or pullback but is not a direct fundamental catalyst. MSN Market Coverage
- Negative Sentiment: Reddit CTO Christopher Slowe sold 14,000 shares (Dec. 22), reducing his stake by ~7.5%; insider selling can spook some investors even when sales are routine, adding short‑term selling pressure. SEC Form 4
- Negative Sentiment: A Seeking Alpha piece says the author is "impressed but not enough for a buy rating," highlighting lingering concerns that could temper enthusiasm among value‑oriented or risk‑averse investors. Seeking Alpha Analysis
Analyst Ratings Changes
A number of equities analysts have issued reports on RDDT shares. JPMorgan Chase & Co. boosted their price objective on shares of Reddit from $190.00 to $227.00 and gave the company a "neutral" rating in a research report on Friday, October 31st. Piper Sandler reissued an "overweight" rating on shares of Reddit in a research note on Monday, December 1st. Cannonball Research restated a "buy" rating on shares of Reddit in a report on Tuesday, September 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $250.00 price objective on shares of Reddit in a report on Friday, October 31st. Finally, Sanford C. Bernstein lifted their price objective on Reddit from $190.00 to $210.00 and gave the stock a "market perform" rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $230.28.
Read Our Latest Report on Reddit
Institutional Trading of Reddit
Several large investors have recently bought and sold shares of the company. Huntington National Bank grew its holdings in shares of Reddit by 25.6% during the 3rd quarter. Huntington National Bank now owns 270 shares of the company's stock worth $62,000 after acquiring an additional 55 shares during the period. Resona Asset Management Co. Ltd. boosted its position in shares of Reddit by 0.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company's stock valued at $3,023,000 after purchasing an additional 65 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Reddit by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company's stock worth $567,000 after purchasing an additional 66 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Reddit by 5.0% in the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company's stock worth $331,000 after purchasing an additional 69 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Reddit by 9.9% in the third quarter. IFP Advisors Inc now owns 796 shares of the company's stock worth $183,000 after purchasing an additional 72 shares in the last quarter.
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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