Reddit Inc. $RDDT Shares Sold by R Squared Ltd

R Squared Ltd cut its holdings in Reddit Inc. (NYSE:RDDT) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,759 shares of the company’s stock after selling 107 shares during the quarter. R Squared Ltd’s holdings in Reddit were worth $717,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CWM LLC lifted its stake in Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Reddit in the first quarter valued at $31,000. Financial Perspectives Inc acquired a new stake in shares of Reddit during the second quarter worth $34,000. Geneos Wealth Management Inc. lifted its holdings in shares of Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Reddit in the 1st quarter valued at $46,000.

Wall Street Analysts Forecast Growth

RDDT has been the subject of a number of analyst reports. Zacks Research lowered shares of Reddit from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Truist Financial raised their price objective on shares of Reddit from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Cannonball Research restated a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $250.00 target price (up previously from $225.00) on shares of Reddit in a report on Monday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Reddit in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.50.

Insider Buying and Selling

In other Reddit news, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 284,168 shares in the company, valued at $61,974,199.12. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jennifer L. Wong sold 30,741 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $257.28, for a total transaction of $7,909,044.48. Following the completion of the sale, the chief operating officer owned 1,295,968 shares of the company’s stock, valued at $333,426,647.04. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,500 shares of company stock worth $83,829,951. Insiders own 34.25% of the company’s stock.

Reddit Stock Performance

Shares of NYSE RDDT opened at $200.78 on Friday. The business has a 50 day simple moving average of $226.05 and a 200 day simple moving average of $165.20. Reddit Inc. has a 52 week low of $77.14 and a 52 week high of $282.95. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 182.53, a PEG ratio of 3.01 and a beta of 2.23.

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

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.