Reddit (NYSE:RDDT) CTO Christopher Brian Slowe Sells 14,000 Shares

Reddit Inc. (NYSE:RDDT) CTO Christopher Brian Slowe sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $204.43, for a total value of $2,862,020.00. Following the transaction, the chief technology officer directly owned 202,534 shares of the company’s stock, valued at $41,404,025.62. This trade represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Christopher Brian Slowe also recently made the following trade(s):

• On Wednesday, October 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $197.10, for a total value of $2,759,400.00.
• On Wednesday, October 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $200.81, for a total value of $2,811,340.00.
• On Monday, September 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $257.28, for a total value of $3,601,920.00.
• On Monday, September 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $236.51, for a total value of $3,311,140.00.
• On Friday, August 22nd, Christopher Brian Slowe sold 10,000 shares of Reddit stock. The shares were sold at an average price of $220.25, for a total value of $2,202,500.00.
• On Thursday, August 21st, Christopher Brian Slowe sold 28,000 shares of Reddit stock. The stock was sold at an average price of $218.94, for a total transaction of $6,130,320.00.

Reddit Stock Down 2.7%

RDDT stock opened at $202.65 on Thursday. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The firm’s 50-day simple moving average is $220.10 and its 200 day simple moving average is $176.09. The stock has a market cap of $38.40 billion, a PE ratio of 116.46, a price-to-earnings-growth ratio of 2.29 and a beta of 2.14.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The firm had revenue of $585.00 million during the quarter, compared to analyst estimates of $546.65 million. During the same period in the previous year, the business posted $0.16 EPS. Reddit’s revenue was up 67.9% on a year-over-year basis. Reddit has set its Q4 2025 guidance at EPS. Equities analysts forecast that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RDDT shares. Robert W. Baird boosted their price objective on Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Raymond James Financial reiterated a “strong-buy” rating and set a $250.00 price target (up previously from $225.00) on shares of Reddit in a research report on Monday, October 20th. Bank of America increased their price target on Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. B. Riley restated a “buy” rating and set a $245.00 price objective (up from $235.00) on shares of Reddit in a research note on Friday, October 31st. Finally, Jefferies Financial Group upped their price objective on shares of Reddit from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $226.33.

Hedge Funds Weigh In On Reddit

Several large investors have recently made changes to their positions in RDDT. Teacher Retirement System of Texas lifted its stake in Reddit by 880.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock worth $14,255,000 after acquiring an additional 85,020 shares in the last quarter. Petrus Trust Company LTA purchased a new position in Reddit during the 1st quarter valued at about $473,000. JPMorgan Chase & Co. increased its holdings in shares of Reddit by 98.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company’s stock valued at $200,096,000 after purchasing an additional 944,847 shares during the period. Greycroft LP increased its holdings in shares of Reddit by 109.1% in the 1st quarter. Greycroft LP now owns 11,500 shares of the company’s stock valued at $1,206,000 after purchasing an additional 6,000 shares during the period. Finally, Think Investments LP lifted its position in shares of Reddit by 10.3% in the first quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after purchasing an additional 25,000 shares in the last quarter.

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.