Reddit Inc. $RDDT Shares Sold by October Effect Ltd

October Effect Ltd lowered its position in Reddit Inc. (NYSE:RDDT) by 67.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,303 shares of the company’s stock after selling 17,311 shares during the period. Reddit makes up approximately 2.1% of October Effect Ltd’s investment portfolio, making the stock its 15th largest holding. October Effect Ltd’s holdings in Reddit were worth $1,910,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in Reddit during the 3rd quarter valued at approximately $3,004,000. Resona Asset Management Co. Ltd. lifted its position in Reddit by 53.2% during the third quarter. Resona Asset Management Co. Ltd. now owns 30,944 shares of the company’s stock valued at $7,166,000 after purchasing an additional 10,743 shares during the period. UniSuper Management Pty Ltd purchased a new stake in Reddit in the third quarter valued at $437,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Reddit by 41.2% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 2,431 shares of the company’s stock valued at $559,000 after purchasing an additional 709 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in Reddit by 74.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 165,103 shares of the company’s stock worth $37,972,000 after purchasing an additional 70,427 shares during the period.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” and set a $245 price target, implying meaningful upside from current levels and providing concrete analyst support for the rally. Guggenheim Buy Rating / Benzinga
• Positive Sentiment: A bullish Seeking Alpha note draws parallels between Reddit’s current monetization and early-2012 Facebook, projecting large upside if user and ARPU trends persist — a narrative that fuels long-term growth expectations. Reddit: Parallels To 2012 Facebook
• Positive Sentiment: High-visibility endorsements — notably Jim Cramer saying he “likes the company right here” and articles highlighting reasons investors favor Reddit — are lifting sentiment among retail investors. Jim Cramer Likes Reddit
• Neutral Sentiment: Analyst commentary is shifting: some pieces describe a rewriting of the price-target narrative as new estimates and multipliers are debated — this limits volatility but keeps the stock sensitive to upgrades/downgrades. Shifting Price Target Narrative / Yahoo Finance
• Neutral Sentiment: Valuation checks after recent share swings highlight high P/E and expected EPS growth; these analyses frame upside scenarios but also underline sensitivity to execution and ARPU trajectory. Valuation Check / Yahoo Finance
• Negative Sentiment: Insider selling by COO Jennifer L. Wong (multiple filings showing sizable share disposals) has weighed on sentiment and was cited as a driver of earlier price weakness; investors watch whether sales continue. COO Insider Sale / SEC Filing
• Negative Sentiment: Coverage noting a pullback tied to insider selling (reported ~4.4% drop) underscores short-term downside risk if sentiment flips or if growth guidance disappoints. Stock Down on Insider Selling / American Banking News
• Negative Sentiment: Critical analysis warns Reddit must grow at Meta-like scale to justify rich multiples and notes tougher competitive/monetization challenges, keeping execution risk top of mind for investors. Growth Challenges / Seeking Alpha

Reddit Stock Up 1.8%

Shares of RDDT opened at $218.47 on Friday. Reddit Inc. has a 52-week low of $79.75 and a 52-week high of $282.95. The stock has a market cap of $41.40 billion, a PE ratio of 125.56, a price-to-earnings-growth ratio of 1.49 and a beta of 2.17. The firm’s fifty day moving average is $225.46 and its two-hundred day moving average is $213.00.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $245.00 target price (up previously from $235.00) on shares of Reddit in a research note on Friday, October 31st. China Renaissance started coverage on shares of Reddit in a research note on Tuesday, December 9th. They set a “buy” rating and a $300.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Reddit in a research report on Monday, December 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a report on Friday, October 3rd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $236.00 price objective on shares of Reddit in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.18.

Insider Buying and Selling at Reddit

In related news, CTO Christopher Brian Slowe sold 24,000 shares of Reddit stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the transaction, the chief technology officer owned 175,694 shares in the company, valued at approximately $33,859,747.68. This trade represents a 12.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Benjamin Seong Lee sold 55,005 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $221.21, for a total value of $12,167,656.05. Following the transaction, the insider directly owned 62,608 shares in the company, valued at $13,849,515.68. This trade represents a 46.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 509,511 shares of company stock valued at $111,394,344. Company insiders own 34.25% of the company’s stock.

Reddit Profile

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.