Reddit (NYSE:RDDT) CEO Steve Ladd Huffman Sells 18,000 Shares of Stock

Reddit Inc. (NYSE:RDDT) CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $194.81, for a total transaction of $3,506,580.00. Following the completion of the sale, the chief executive officer directly owned 485,958 shares in the company, valued at $94,669,477.98. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Steve Ladd Huffman also recently made the following trade(s):

• On Thursday, October 30th, Steve Ladd Huffman sold 4,089 shares of Reddit stock. The stock was sold at an average price of $194.93, for a total transaction of $797,068.77.
• On Tuesday, November 4th, Steve Ladd Huffman sold 13,911 shares of Reddit stock. The shares were sold at an average price of $189.33, for a total transaction of $2,633,769.63.
• On Wednesday, October 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $200.53, for a total value of $3,609,540.00.
• On Tuesday, September 30th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $229.10, for a total value of $4,123,800.00.
• On Monday, September 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $261.22, for a total value of $4,701,960.00.
• On Friday, August 29th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $223.41, for a total value of $4,021,380.00.

Reddit Price Performance

Shares of Reddit stock opened at $185.42 on Wednesday. The stock has a market capitalization of $35.14 billion, a price-to-earnings ratio of 106.56, a price-to-earnings-growth ratio of 2.07 and a beta of 2.14. The business has a 50-day moving average of $216.35 and a 200 day moving average of $178.49. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The business had revenue of $584.91 million for the quarter, compared to analysts’ expectations of $546.65 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 67.9% on a year-over-year basis. Reddit has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Raiffeisen Bank International AG purchased a new stake in Reddit during the third quarter worth approximately $25,000. CWM LLC lifted its position in shares of Reddit by 100.0% during the 1st quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after buying an additional 128 shares during the last quarter. GW&K Investment Management LLC acquired a new position in shares of Reddit in the 3rd quarter valued at $30,000. Stone House Investment Management LLC purchased a new position in shares of Reddit in the 1st quarter valued at $31,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Reddit by 13,500.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock valued at $31,000 after buying an additional 135 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on RDDT shares. Citigroup boosted their price target on shares of Reddit from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Raymond James Financial reissued a “strong-buy” rating and set a $250.00 target price (up from $225.00) on shares of Reddit in a research note on Monday, October 20th. Wells Fargo & Company upped their price target on Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a report on Tuesday, October 7th. Zacks Research upgraded Reddit from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. Finally, Sanford C. Bernstein upped their target price on shares of Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $226.33.

About Reddit

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.