Key Points
- CFO Andrew Vollero sold 300 shares on Jan. 9 for $78,204 and disclosed multiple other recent sales (Jan. 6, 7 and 13) that together total roughly $3.3 million, trimming his stake modestly.
- Insider selling is broader — CTO Christopher Slowe sold about 14,000 shares (~$3.55M) — and these clustered disposals have generated headline risk and driven short‑term negative sentiment, moving the stock roughly in the mid‑single digits percent range.
- Fundamentals and analyst views remain constructive: Reddit recently beat EPS and revenue estimates (Q results: $0.80 EPS on $584.9M revenue, revenue +67.9% YoY), has a market cap around $49B, and a consensus rating of “Moderate Buy” with an average target near $238.57.
Reddit Inc. (NYSE:RDDT - Get Free Report) CFO Andrew Vollero sold 300 shares of the company's stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $260.68, for a total value of $78,204.00. Following the sale, the chief financial officer directly owned 255,318 shares in the company, valued at approximately $66,556,296.24. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Andrew Vollero also recently made the following trade(s):
- On Tuesday, January 13th, Andrew Vollero sold 3,674 shares of Reddit stock. The stock was sold at an average price of $261.21, for a total transaction of $959,685.54.
- On Wednesday, January 7th, Andrew Vollero sold 500 shares of Reddit stock. The stock was sold at an average price of $260.06, for a total transaction of $130,030.00.
- On Tuesday, January 6th, Andrew Vollero sold 8,413 shares of Reddit stock. The shares were sold at an average price of $252.72, for a total transaction of $2,126,133.36.
Reddit Stock Up 6.1%
Shares of NYSE:RDDT opened at $258.92 on Wednesday. The company has a market cap of $49.06 billion, a PE ratio of 148.80, a P/E/G ratio of 1.64 and a beta of 2.17. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The firm has a 50-day simple moving average of $220.63 and a 200 day simple moving average of $209.31.
Reddit (NYSE:RDDT - Get Free Report) last issued its 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. The company had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.Reddit's quarterly revenue was up 67.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, research analysts forecast that Reddit Inc. will post 1.12 EPS for the current fiscal year.
Institutional Trading of Reddit
A number of institutional investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG bought a new stake in Reddit during the third quarter worth approximately $25,000. GW&K Investment Management LLC acquired a new position in shares of Reddit during the 3rd quarter valued at $30,000. Cornerstone Planning Group LLC raised its stake in shares of Reddit by 13,500.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company's stock worth $31,000 after buying an additional 135 shares in the last quarter. Financial Perspectives Inc bought a new stake in shares of Reddit in the 2nd quarter worth $34,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Reddit in the fourth quarter valued at $34,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Piper Sandler reaffirmed an "overweight" rating on shares of Reddit in a research report on Monday, December 1st. Sanford C. Bernstein increased their price objective on shares of Reddit from $190.00 to $210.00 and gave the stock a "market perform" rating in a report on Friday, October 31st. Roth Capital set a $210.00 target price on shares of Reddit in a research note on Friday, October 31st. The Goldman Sachs Group restated a "neutral" rating and issued a $236.00 price target on shares of Reddit in a research note on Tuesday, October 14th. Finally, Citigroup boosted their price objective on Reddit from $250.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Reddit presently has a consensus rating of "Moderate Buy" and an average price target of $238.57.
Read Our Latest Research Report on RDDT
Key Reddit News
Here are the key news stories impacting Reddit this week:
- Positive Sentiment: Zacks highlights Reddit’s growing product lineup and AI-driven ad tools as drivers for engagement and revenue growth, supporting a longer-term monetization thesis. Zacks Article
- Positive Sentiment: Cantor Fitzgerald initiated coverage on RDDT, which can raise visibility and liquidity—potentially supporting demand if the initiation is favorable. Coverage Start Article
- Neutral Sentiment: Market focus is on Reddit’s earnings event (Jan. 13); traders are positioning ahead of the report, raising short-term volatility but creating a clear catalyst that could move the stock either way based on results vs. expectations. Forbes Preview
- Neutral Sentiment: Analyst coverage remains broadly constructive (consensus = Moderate Buy, target ≈ $237), which provides a baseline of support but leaves limited near-term upside if results only meet expectations. MarketBeat Analyst Summary
- Negative Sentiment: CTO Christopher Slowe sold 14,000 shares (~$3.55M) at ~ $253.88, cutting his stake by ~7.6%; large insider sales from senior tech leadership are being interpreted negatively by the market. Insider Sale - CTO
- Negative Sentiment: CFO Andrew Vollero disclosed multiple recent sales (including 3,674 shares on Jan. 13 and 300 shares on Jan. 9), and outlets aggregate these transactions as several million dollars of insider selling—this cluster is amplifying downside pressure and headline risk. CFO SEC Filing
- Negative Sentiment: Coverage noting that the stock fell roughly ~6% after the wave of insider selling highlights how these disclosures have already impacted price and investor sentiment in the short term. Market Reaction Article
Reddit Company Profile
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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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