Petrus Trust Company LTA Makes New Investment in Reddit Inc. $RDDT

Petrus Trust Company LTA bought a new position in shares of Reddit Inc. (NYSE:RDDT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,510 shares of the company’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDDT. CWM LLC lifted its stake in Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after purchasing an additional 128 shares during the last quarter. Stone House Investment Management LLC bought a new stake in Reddit during the first quarter worth $31,000. Canton Hathaway LLC bought a new stake in Reddit during the first quarter worth $43,000. Olde Wealth Management LLC bought a new stake in Reddit during the first quarter worth $46,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Reddit during the fourth quarter worth $49,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JMP Securities upped their target price on Reddit from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Friday, August 1st. Roth Capital upped their price target on shares of Reddit from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Wells Fargo & Company upped their price target on shares of Reddit from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Sanford C. Bernstein upped their price target on shares of Reddit from $130.00 to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. Finally, Guggenheim upped their price target on shares of Reddit from $165.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.

Insiders Place Their Bets

In related news, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following the completion of the sale, the chief financial officer directly owned 284,168 shares in the company, valued at $61,974,199.12. This represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Christopher Brian Slowe sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $220.25, for a total value of $2,202,500.00. Following the completion of the sale, the chief technology officer owned 212,534 shares of the company’s stock, valued at $46,810,613.50. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 516,777 shares of company stock valued at $88,790,076 over the last ninety days. 34.25% of the stock is currently owned by corporate insiders.

Reddit Stock Performance

Shares of NYSE:RDDT opened at $240.19 on Friday. The company has a market capitalization of $44.95 billion, a PE ratio of 218.35, a price-to-earnings-growth ratio of 3.81 and a beta of 2.40. Reddit Inc. has a 52-week low of $55.25 and a 52-week high of $253.14. The company has a fifty day moving average of $186.96 and a 200-day moving average of $142.81.

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

Reddit Company 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.