Cadent Capital Advisors LLC Invests $1.18 Million in Reddit Inc. $RDDT

Cadent Capital Advisors LLC purchased a new stake in shares of Reddit Inc. (NYSE:RDDT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,149 shares of the company’s stock, valued at approximately $1,184,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Perspectives Inc bought a new stake in Reddit during the 2nd quarter valued at $34,000. Geneos Wealth Management Inc. grew its position in shares of Reddit by 344.6% in 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of Reddit by 8,650.0% during the 3rd quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 173 shares during the period. Advisors Asset Management Inc. lifted its holdings in Reddit by 68.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock worth $55,000 after purchasing an additional 148 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in Reddit during the 2nd quarter worth about $60,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Robert W. Baird boosted their price objective on shares of Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reddit in a research note on Monday. Citigroup boosted their price target on shares of Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Bank of America upped their price target on shares of Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.28.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham named RDDT a top pick for 2026, added it to its “Conviction Buy” list and set a $300 price target, citing ad-business acceleration and AI/content-licensing upside. This is a major positive catalyst for investor sentiment. Read More.
• Positive Sentiment: Barron’s bullish take highlights momentum after the stock’s strong post-IPO run and suggests further upside into next year, reinforcing the buy-side narrative. Read More.
• Positive Sentiment: Q3/2025 monetization trends look strong: ARPU rose ~41% driven by advertiser growth, better ad tools and higher engagement — supports revenue and EPS upside assumptions behind analyst upgrades. Read More.
• Positive Sentiment: Company initiatives to expand digital engagement and community-platform integrations could increase time-on-site and ad inventory, helping long-term ad revenue scaling. Read More.
• Neutral Sentiment: Options and flow commentary show traders are positioning for a 2026 run after Needham’s call; that can amplify intraday moves but doesn’t change fundamentals. Read More.
• Negative Sentiment: Insider selling: COO Jennifer L. Wong sold 39,167 shares (~$9.18M) on Dec. 19, trimming her position ~3.2% — a near-term negative signal for investor sentiment despite her large remaining stake. SEC filing: Read More.

Insider Transactions at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 24,000 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the transaction, the chief technology officer directly owned 175,694 shares in the company, valued at $33,859,747.68. This trade represents a 12.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $229.10, for a total transaction of $4,123,800.00. Following the transaction, the chief executive officer directly owned 494,104 shares in the company, valued at $113,199,226.40. This trade represents a 3.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 465,333 shares of company stock valued at $97,164,104 over the last quarter. 34.25% of the stock is owned by company insiders.

Reddit Price Performance

Shares of NYSE:RDDT opened at $226.16 on Thursday. The company’s fifty day moving average price is $210.20 and its 200-day moving average price is $198.02. The firm has a market capitalization of $42.86 billion, a price-to-earnings ratio of 129.97, a PEG ratio of 2.49 and a beta of 2.17. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95.

Reddit (NYSE:RDDT) last announced its 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 company had revenue of $584.91 million during the quarter, compared to analyst estimates of $546.65 million. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 67.9% compared to the same quarter last year. As a group, equities research analysts expect that Reddit Inc. will post 1.12 EPS for the current year.

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.