Insider Selling: Reddit (NYSE:RDDT) CFO Sells $2,126,133.36 in Stock

Reddit Inc. (NYSE:RDDT) CFO Andrew Vollero sold 8,413 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $252.72, for a total value of $2,126,133.36. Following the completion of the transaction, the chief financial officer directly owned 256,118 shares in the company, valued at approximately $64,726,140.96. This represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Andrew Vollero also recently made the following trade(s):

• On Wednesday, January 7th, Andrew Vollero sold 500 shares of Reddit stock. The shares were sold at an average price of $260.06, for a total value of $130,030.00.

Reddit Stock Down 3.6%

NYSE RDDT opened at $244.71 on Friday. The company has a 50-day moving average price of $218.41 and a 200-day moving average price of $207.33. Reddit Inc. has a 52 week low of $79.75 and a 52 week high of $282.95. The firm has a market capitalization of $46.37 billion, a P/E ratio of 140.64, a PEG ratio of 1.64 and a beta of 2.17.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 posted $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 anticipate that Reddit Inc. will post 1.12 EPS for the current year.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

Hedge Funds Weigh In On Reddit

Several institutional investors have recently bought and sold shares of RDDT. Raiffeisen Bank International AG bought a new stake in Reddit in the 3rd quarter valued at $25,000. GW&K Investment Management LLC bought a new stake in shares of Reddit in the third quarter worth about $30,000. Cornerstone Planning Group LLC lifted its position in shares of Reddit by 13,500.0% in the third quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock worth $31,000 after buying an additional 135 shares in the last quarter. Financial Perspectives Inc bought a new position in Reddit during the second quarter valued at approximately $34,000. Finally, Noble Wealth Management PBC purchased a new position in Reddit during the 4th quarter valued at approximately $34,000.

Analyst Ratings Changes

A number of analysts have commented on RDDT shares. Wells Fargo & Company upped their price target on Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a research report on Tuesday, October 7th. Morgan Stanley reissued an “overweight” rating and issued a $250.00 target price on shares of Reddit in a report on Friday, October 31st. Oppenheimer lifted their price target on shares of Reddit from $215.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. JMP Securities reissued a “market outperform” rating and issued a $300.00 price objective on shares of Reddit in a research note on Friday, October 3rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $250.00 target price (up previously from $225.00) on shares of Reddit in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $232.58.

About Reddit

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.