Benjamin Seong Lee Sells 3,320 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 3,320 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $260.22, for a total value of $863,930.40. Following the completion of the transaction, the insider directly owned 62,608 shares of the company’s stock, valued at approximately $16,291,853.76. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Benjamin Seong Lee also recently made the following trade(s):

• On Wednesday, January 7th, Benjamin Seong Lee sold 27,930 shares of Reddit stock. The stock was sold at an average price of $260.08, for a total value of $7,264,034.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The shares were sold at an average price of $240.00, for a total value of $4,500,000.00.
• On Tuesday, December 16th, Benjamin Seong Lee sold 55,005 shares of Reddit stock. The stock was sold at an average price of $221.21, for a total transaction of $12,167,656.05.
• On Monday, November 24th, Benjamin Seong Lee sold 6,427 shares of Reddit stock. The shares were sold at an average price of $192.68, for a total transaction of $1,238,354.36.

Reddit Stock Performance

Shares of RDDT stock traded down $9.24 during mid-day trading on Friday, reaching $244.71. The company’s stock had a trading volume of 5,537,837 shares, compared to its average volume of 3,422,567. The firm’s 50-day moving average is $218.41 and its two-hundred day moving average is $206.87. The company has a market cap of $46.37 billion, a P/E ratio of 140.64, a PEG ratio of 1.71 and a beta of 2.17. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.30. The business had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The firm’s revenue was up 67.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Sell-side analysts anticipate that Reddit Inc. will post 1.12 EPS for the current year.

Institutional Trading of Reddit

A number of hedge funds and other institutional investors have recently made changes to their positions in RDDT. Anson Funds Management LP acquired a new position in Reddit during the 1st quarter worth about $13,288,000. Royal Bank of Canada raised its stake in shares of Reddit by 60.5% in the first quarter. Royal Bank of Canada now owns 125,663 shares of the company’s stock worth $13,182,000 after acquiring an additional 47,389 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Reddit by 143.3% in the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock worth $837,000 after acquiring an additional 4,701 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Reddit during the first quarter worth approximately $213,000. Finally, Woodline Partners LP grew its stake in shares of Reddit by 302.7% during the first quarter. Woodline Partners LP now owns 92,808 shares of the company’s stock valued at $9,736,000 after purchasing an additional 69,760 shares during the last quarter.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

Wall Street Analysts Forecast Growth

RDDT has been the subject of a number of recent research reports. Cannonball Research reissued a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Citigroup upped their price target on Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. B. Riley reissued a “buy” rating and set a $245.00 price objective (up from $235.00) on shares of Reddit in a report on Friday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Reddit in a research note on Monday, December 29th. Finally, Bank of America upped their target price on shares of Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned 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 $232.58.

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.