Cookson Peirce & Co. Inc. Sells 3,995 Shares of Reddit Inc. $RDDT

Cookson Peirce & Co. Inc. decreased its position in Reddit Inc. (NYSE:RDDT) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 167,068 shares of the company’s stock after selling 3,995 shares during the quarter. Cookson Peirce & Co. Inc. owned approximately 0.09% of Reddit worth $25,155,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Perspectives Inc bought a new position in Reddit in the second quarter valued at about $34,000. CWM LLC lifted its holdings in Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Stone House Investment Management LLC bought a new position in Reddit in the first quarter valued at about $31,000. Geneos Wealth Management Inc. lifted its holdings in Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares during the period. Finally, Western Pacific Wealth Management LP bought a new position in Reddit in the second quarter valued at about $60,000.

Insiders Place Their Bets

In related news, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the completion of the sale, the chief financial officer owned 284,168 shares in the company, valued at approximately $61,974,199.12. This trade represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Christopher Brian Slowe sold 14,000 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $200.81, for a total value of $2,811,340.00. Following the sale, the chief technology officer owned 206,534 shares of the company’s stock, valued at $41,474,092.54. This represents a 6.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,500 shares of company stock worth $83,829,951. Company insiders own 34.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RDDT shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Reddit in a report on Wednesday, October 1st. Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Truist Financial upped their price target on Reddit from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Roth Capital upped their price target on Reddit from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group upped their price target on Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Reddit currently has a consensus rating of “Moderate Buy” and an average price target of $214.17.

Reddit Trading Up 1.5%

NYSE:RDDT opened at $205.60 on Wednesday. Reddit Inc. has a 12-month low of $76.54 and a 12-month high of $282.95. The stock has a 50-day moving average price of $227.66 and a 200 day moving average price of $164.23. The stock has a market capitalization of $38.48 billion, a P/E ratio of 186.91, a P/E/G ratio of 3.09 and a beta of 2.23.

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

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.