Key Points
- Reddit CTO Christopher Brian Slowe sold 15,500 shares on April 8 at an average price of $150.67 under a pre-arranged Rule 10b5-1 plan, cutting his stake by 28.75% to 38,413 shares (about $5.79M).
- The April sale is part of a broader insider selling trend this year, with Slowe selling roughly 79,000 shares across January–April, indicating significant insider disposals.
- Separately, Reddit beat expectations with $1.24 EPS and $725.6M revenue (up 69.7% YoY) in its last quarter, and analysts hold a consensus "Moderate Buy" rating with an average price target of $238.46.
Reddit Inc. (NYSE:RDDT - Get Free Report) CTO Christopher Brian Slowe sold 15,500 shares of the business's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $150.67, for a total value of $2,335,385.00. Following the completion of the transaction, the chief technology officer directly owned 38,413 shares of the company's stock, valued at approximately $5,787,686.71. This trade represents a 28.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Christopher Brian Slowe also recently made the following trade(s):
- On Monday, March 23rd, Christopher Brian Slowe sold 9,500 shares of Reddit stock. The stock was sold at an average price of $141.28, for a total value of $1,342,160.00.
- On Monday, March 9th, Christopher Brian Slowe sold 9,500 shares of Reddit stock. The stock was sold at an average price of $136.55, for a total value of $1,297,225.00.
- On Monday, February 23rd, Christopher Brian Slowe sold 19,036 shares of Reddit stock. The stock was sold at an average price of $144.05, for a total value of $2,742,135.80.
- On Tuesday, February 10th, Christopher Brian Slowe sold 11,464 shares of Reddit stock. The stock was sold at an average price of $149.74, for a total value of $1,716,619.36.
- On Thursday, January 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $212.61, for a total value of $2,976,540.00.
Reddit Trading Up 1.1%
Reddit stock opened at $139.89 on Friday. The firm has a market capitalization of $26.72 billion, a P/E ratio of 53.39, a PEG ratio of 1.01 and a beta of 2.40. The stock has a fifty day moving average price of $141.61 and a 200 day moving average price of $190.33. Reddit Inc. has a 52 week low of $90.78 and a 52 week high of $282.95.
Reddit (NYSE:RDDT - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.96 by $0.28. The firm had revenue of $725.61 million during the quarter, compared to analyst estimates of $665.80 million. Reddit had a return on equity of 20.89% and a net margin of 24.05%.The business's quarterly revenue was up 69.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, equities analysts predict that Reddit Inc. will post 1.12 EPS for the current year.
Institutional Investors Weigh In On Reddit
Several institutional investors and hedge funds have recently modified their holdings of RDDT. Raiffeisen Bank International AG purchased a new stake in shares of Reddit in the third quarter worth about $25,000. GW&K Investment Management LLC purchased a new stake in shares of Reddit in the third quarter worth about $30,000. Cornerstone Planning Group LLC boosted its position in shares of Reddit by 13,500.0% in the third quarter. Cornerstone Planning Group LLC now owns 136 shares of the company's stock worth $31,000 after buying an additional 135 shares during the period. LOM Asset Management Ltd purchased a new stake in shares of Reddit in the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Reddit in the fourth quarter worth about $34,000.
Reddit News Summary
Here are the key news stories impacting Reddit this week:
Analyst Ratings Changes
Several equities analysts recently commented on RDDT shares. Roth Mkm upped their target price on Reddit from $210.00 to $215.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Guggenheim upped their target price on Reddit from $245.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Oppenheimer dropped their target price on Reddit from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. Cantor Fitzgerald dropped their target price on Reddit from $240.00 to $170.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company started coverage on Reddit in a research note on Tuesday. They issued an "equal weight" rating and a $149.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $238.46.
View Our Latest Report on Reddit
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.
Further Reading

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].