80,000 Shares in Reddit Inc. $RDDT Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new position in shares of Reddit Inc. (NYSE:RDDT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 80,000 shares of the company’s stock, valued at approximately $8,617,000.

A number of other hedge funds have also bought and sold shares of RDDT. Guggenheim Capital LLC bought a new stake in Reddit during the fourth quarter worth $606,000. United Capital Financial Advisors LLC bought a new stake in Reddit during the fourth quarter worth $218,000. NewEdge Advisors LLC lifted its holdings in Reddit by 446.8% during the fourth quarter. NewEdge Advisors LLC now owns 3,281 shares of the company’s stock worth $536,000 after acquiring an additional 2,681 shares during the period. First Trust Advisors LP lifted its holdings in Reddit by 14.4% during the fourth quarter. First Trust Advisors LP now owns 61,019 shares of the company’s stock worth $9,973,000 after acquiring an additional 7,682 shares during the period. Finally, MML Investors Services LLC lifted its holdings in Reddit by 42.7% during the fourth quarter. MML Investors Services LLC now owns 10,113 shares of the company’s stock worth $1,653,000 after acquiring an additional 3,028 shares during the period.

Insider Transactions at Reddit

In other news, CTO Christopher Brian Slowe sold 16,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $145.58, for a total value of $2,329,280.00. Following the completion of the transaction, the chief technology officer directly owned 241,373 shares in the company, valued at approximately $35,139,081.34. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Vollero sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $117.64, for a total value of $3,529,200.00. Following the transaction, the chief financial officer owned 333,806 shares in the company, valued at approximately $39,268,937.84. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 363,364 shares of company stock valued at $53,557,742 over the last quarter. 34.25% of the stock is owned by company insiders.

Reddit Stock Performance

NYSE:RDDT opened at $218.8550 on Thursday. Reddit Inc. has a 52-week low of $54.27 and a 52-week high of $253.14. The firm has a market cap of $40.96 billion, a price-to-earnings ratio of 198.96, a PEG ratio of 3.62 and a beta of 2.30. The business’s fifty day moving average is $165.78 and its 200 day moving average is $142.05.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. The business had revenue of $499.63 million for the quarter, compared to analyst estimates of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The company’s quarterly revenue was up 77.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. Reddit has set its Q3 2025 guidance at EPS. Equities analysts predict that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on RDDT shares. Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Robert W. Baird boosted their target price on Reddit from $120.00 to $151.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Roth Mkm boosted their target price on Reddit from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $212.00 target price on shares of Reddit in a research note on Friday, August 1st. Finally, Sanford C. Bernstein boosted their target price on Reddit from $130.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.83.

Reddit Profile

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.