Steve Ladd Huffman Sells 18,000 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $229.10, for a total value of $4,123,800.00. Following the sale, the chief executive officer directly owned 494,104 shares of the company’s stock, valued at $113,199,226.40. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Steve Ladd Huffman also recently made the following trade(s):

• On Monday, September 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $261.22, for a total value of $4,701,960.00.
• On Friday, August 29th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $223.41, for a total value of $4,021,380.00.
• On Friday, August 15th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $244.70, for a total value of $3,425,800.00.
• On Tuesday, August 5th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $202.70, for a total value of $2,837,800.00.
• On Tuesday, July 15th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $145.63, for a total value of $2,038,820.00.

Reddit Trading Up 3.1%

Reddit stock opened at $207.24 on Friday. Reddit Inc. has a twelve month low of $68.80 and a twelve month high of $282.95. The stock has a 50 day moving average of $224.76 and a two-hundred day moving average of $156.23. The stock has a market capitalization of $38.79 billion, a price-to-earnings ratio of 188.40, a PEG ratio of 3.16 and a beta of 2.23.

Reddit (NYSE:RDDT) last posted its quarterly earnings data 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. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The company had revenue of $499.63 million during the quarter, compared to analysts’ expectations of $424.07 million. During the same period last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. Equities analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RDDT. The Goldman Sachs Group reissued a “neutral” rating and set a $212.00 target price on shares of Reddit in a research note on Friday, August 1st. Wall Street Zen raised Reddit from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Zacks Research downgraded Reddit from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Guggenheim increased their target price on Reddit from $165.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Loop Capital cut their target price on Reddit from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.58.

Institutional Investors Weigh In On Reddit

Institutional investors and hedge funds have recently modified their holdings of the company. Petrus Trust Company LTA acquired a new stake in shares of Reddit in the 1st quarter worth approximately $473,000. JPMorgan Chase & Co. grew its holdings in Reddit by 98.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock valued at $200,096,000 after buying an additional 944,847 shares during the last quarter. Greycroft LP increased its position in Reddit by 109.1% during the first quarter. Greycroft LP now owns 11,500 shares of the company’s stock worth $1,206,000 after buying an additional 6,000 shares in the last quarter. Think Investments LP increased its position in Reddit by 10.3% during the first quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after buying an additional 25,000 shares in the last quarter. Finally, Sender Co & Partners Inc. purchased a new position in Reddit during the first quarter worth $1,367,000.

About Reddit

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.