GatePass Capital LLC Takes $1.16 Million Position in Reddit Inc. $RDDT

GatePass Capital LLC bought a new position in shares of Reddit Inc. (NYSE:RDDT) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,022 shares of the company’s stock, valued at approximately $1,155,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. raised its stake in shares of Reddit by 0.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock valued at $3,023,000 after buying an additional 65 shares during the last quarter. AdvisorNet Financial Inc raised its position in Reddit by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock valued at $567,000 after acquiring an additional 66 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in Reddit by 5.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock valued at $331,000 after acquiring an additional 69 shares in the last quarter. Congress Park Capital LLC lifted its holdings in Reddit by 2.0% in the second quarter. Congress Park Capital LLC now owns 3,885 shares of the company’s stock valued at $585,000 after acquiring an additional 76 shares during the period. Finally, Bienville Capital Management LLC boosted its position in Reddit by 0.5% in the 2nd quarter. Bienville Capital Management LLC now owns 16,153 shares of the company’s stock worth $2,432,000 after purchasing an additional 76 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RDDT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a report on Monday, December 29th. Zacks Research downgraded shares of Reddit from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. UBS Group set a $265.00 target price on shares of Reddit in a research note on Tuesday. JMP Securities restated a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a research note on Friday, October 3rd. Finally, Morgan Stanley increased their price target on Reddit from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reddit presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.57.

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Strategic partnership: Emplifi integrated Reddit’s Enterprise API, positioning Reddit as a signal in a large marketing platform — this supports enterprise monetization and data-product adoption. Read More.
• Positive Sentiment: Analyst momentum: Wells Fargo raised its target price and Reddit’s momentum metrics surged into a high percentile, which likely attracted momentum and quant buyers. Read More.
• Neutral Sentiment: Earnings date set: Reddit will release Q4 and FY2025 results on Feb 5, giving investors a clear near‑term catalyst for revenue/ads guidance and SMB traction. Read More.
• Neutral Sentiment: Stock is widely watched: Zacks highlights RDDT as a stock drawing investor attention, which can amplify moves around news and analyst notes. Read More.
• Neutral Sentiment: Minor insider sale: Director Andrew Vollero sold 300 shares — a small, likely immaterial transaction. Read More.
• Negative Sentiment: Large insider sale: Reddit’s CFO sold nearly $960k of stock — sizable insider selling can spook investors and raise questions about near‑term conviction. Read More.
• Negative Sentiment: Analyst concerns on SMB ad checks: RBC flagged challenges with small‑business ad checks and mixed ad feedback, pressuring sentiment around ad revenue sustainability. Read More.
• Negative Sentiment: Mixed ad feedback: Multiple outlets report analysts warning of uneven advertiser feedback, which feeds worries about near‑term ad monetization and growth. Read More.
• Negative Sentiment: Recent price weakness: Coverage notes a sharp intraday drop recently and commentary calling the move a significant selloff, reflecting heightened volatility. Read More.
• Negative Sentiment: Broader market trigger: News that shook growth stocks (FDA delay for a major weight‑loss drug) contributed to a stumble in Reddit shares as risk‑on sentiment softened. Read More.
• Negative Sentiment: Retail investor mixed view: After a recent sharp down day, retail traders flagged trouble but some remain bullish — an indicator of potential short‑term volatility as sentiment rebalances. Read More.
• Negative Sentiment: Explanatory coverage: Multiple outlets ran pieces titled that Reddit is “nosediving”—the tone can amplify selling pressure among momentum traders. Read More.

Insider Transactions at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 24,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $192.72, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jennifer L. Wong sold 63,427 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the sale, the chief operating officer directly owned 1,184,528 shares of the company’s stock, valued at $228,282,236.16. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 505,470 shares of company stock valued at $109,018,861 in the last 90 days. 34.25% of the stock is owned by company insiders.

Reddit Trading Up 1.1%

Shares of Reddit stock opened at $231.33 on Friday. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The firm has a market capitalization of $43.84 billion, a PE ratio of 132.95, a P/E/G ratio of 1.55 and a beta of 2.17. The firm’s 50-day moving average price is $223.41 and its 200 day moving average price is $210.72.

Reddit (NYSE:RDDT) last announced its earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. The business had revenue of $584.91 million during the quarter, compared to analysts’ expectations of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The business’s revenue was up 67.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, sell-side analysts predict that Reddit Inc. will post 1.12 EPS for the current fiscal year.

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.