Reddit (NYSE:RDDT) CTO Sells $2,811,340.00 in Stock

Reddit Inc. (NYSE:RDDT) CTO Christopher Brian Slowe sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $200.81, for a total transaction of $2,811,340.00. Following the sale, the chief technology officer owned 206,534 shares in the company, valued at $41,474,092.54. This trade represents a 6.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 transaction of $3,601,920.00.
• On Monday, September 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $236.51, for a total transaction of $3,311,140.00.
• On Friday, August 22nd, Christopher Brian Slowe sold 10,000 shares of Reddit stock. The stock was sold at an average price of $220.25, for a total transaction of $2,202,500.00.
• On Thursday, August 21st, Christopher Brian Slowe sold 28,000 shares of Reddit stock. The shares were sold at an average price of $218.94, for a total value of $6,130,320.00.
• On Tuesday, July 22nd, Christopher Brian Slowe sold 16,000 shares of Reddit stock. The shares were sold at an average price of $145.58, for a total value of $2,329,280.00.

Reddit Stock Performance

NYSE:RDDT opened at $198.67 on Monday. The company has a market cap of $37.18 billion, a PE ratio of 180.61, a PEG ratio of 3.03 and a beta of 2.23. Reddit Inc. has a 52-week low of $69.74 and a 52-week high of $282.95. The stock has a 50-day simple moving average of $229.29 and a 200 day simple moving average of $159.87.

Reddit (NYSE:RDDT) last released its earnings results on Thursday, July 31st. The company reported $0.45 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $424.07 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The business’s quarterly revenue was up 77.9% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RDDT shares. Guggenheim lifted their price target on shares of Reddit from $165.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Citigroup reaffirmed an “outperform” rating on shares of Reddit in a research report on Thursday, September 18th. Needham & Company LLC increased their price target on Reddit from $215.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Morgan Stanley upped their price objective on Reddit from $170.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $203.92.

Institutional Trading of Reddit

A number of hedge funds have recently made changes to their positions in RDDT. AdvisorNet Financial Inc boosted its stake in shares of Reddit by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock worth $567,000 after acquiring an additional 66 shares during the period. Meadowbrook Wealth Management LLC acquired a new stake in Reddit during the 3rd quarter valued at $918,000. Curated Wealth Partners LLC bought a new position in Reddit during the third quarter worth $534,000. Voya Investment Management LLC boosted its position in Reddit by 115.6% during the third quarter. Voya Investment Management LLC now owns 503,751 shares of the company’s stock worth $115,858,000 after purchasing an additional 270,075 shares during the period. Finally, Hilltop National Bank acquired a new position in shares of Reddit in the third quarter valued at $172,000.

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.