Reddit Inc. (NYSE:RDDT - Get Free Report) CTO Christopher Brian Slowe sold 14,000 shares of Reddit stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $253.88, for a total transaction of $3,554,320.00. Following the sale, the chief technology officer owned 169,694 shares in the company, valued at approximately $43,081,912.72. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Christopher Brian Slowe also recently made the following trade(s):
- On Monday, December 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $233.53, for a total transaction of $3,269,420.00.
- 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 stock was 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 shares were 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 stock was sold at an average price of $197.10, for a total value of $2,759,400.00.
Reddit Trading Down 0.2%
NYSE RDDT opened at $244.09 on Tuesday. The business's 50-day moving average price is $219.20 and its two-hundred day moving average price is $208.50. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95. The firm has a market capitalization of $46.26 billion, a PE ratio of 140.28, a price-to-earnings-growth ratio of 1.64 and a beta of 2.17.
Reddit (NYSE:RDDT - Get Free Report) last issued its quarterly earnings data 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. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. During the same period last year, the company earned $0.16 earnings per share. The firm's revenue was up 67.9% compared to the same quarter last year. As a group, analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Reddit
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new stake in Reddit in the 4th quarter valued at about $293,000. DAVENPORT & Co LLC grew its stake in Reddit by 0.7% in the fourth quarter. DAVENPORT & Co LLC now owns 27,741 shares of the company's stock valued at $6,377,000 after acquiring an additional 186 shares during the period. Daymark Wealth Partners LLC bought a new stake in shares of Reddit during the fourth quarter valued at approximately $214,000. E. Ohman J or Asset Management AB acquired a new position in shares of Reddit during the fourth quarter worth approximately $741,000. Finally, SG Americas Securities LLC raised its position in shares of Reddit by 76.7% during the fourth quarter. SG Americas Securities LLC now owns 38,629 shares of the company's stock worth $8,880,000 after purchasing an additional 16,763 shares during the period.
Key Headlines Impacting Reddit
Here are the key news stories impacting Reddit this week:
- Positive Sentiment: Zacks highlights Reddit’s expanding product lineup and AI-driven advertising tools as a catalyst for engagement and revenue growth — an upside narrative for longer-term monetization. Zacks Article
- Positive Sentiment: Cantor Fitzgerald initiated research coverage on RDDT, which can increase investor visibility and liquidity; the tone of initiation will influence whether this becomes a material positive. Coverage Start Article
- Neutral Sentiment: Market attention is focused on Reddit’s upcoming earnings release (Jan. 13). Analysts and traders are positioning ahead of the report, which raises short-term volatility risk but could be a catalyst in either direction depending on results versus expectations. Forbes Preview
- Negative Sentiment: CTO Christopher Slowe sold 14,000 shares at an average $253.88 (≈$3.55M), reducing his stake by ~7.6%; high-profile insider sales often weigh on sentiment even when not connected to company fundamentals. Insider Sale - CTO
- Negative Sentiment: Additional insider selling disclosures include multiple transactions by senior executives (CFO and others) totaling several million dollars across filings — a cluster of sales that heightens short-term negative pressure. Insider Sales - $863,930.40 Insider Sales - $7,264,034.40 CFO Sale - $2,126,133.36 CFO Sale - $130,030.00
- Negative Sentiment: Coverage noting the stock fell ~6% after the wave of insider selling underscores the market reaction and explains current downward price pressure. Market Reaction Article
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $250.00 price objective (up from $225.00) on shares of Reddit in a research report on Monday, October 20th. Piper Sandler reaffirmed an "overweight" rating on shares of Reddit in a research report on Monday, December 1st. Bank of America lifted their price objective on Reddit from $180.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday, October 31st. Cannonball Research restated a "buy" rating on shares of Reddit in a research report on Tuesday, September 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $250.00 target price on shares of Reddit in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.04.
Check Out Our Latest Stock Report on RDDT
About Reddit
(
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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