1,450 Shares in Reddit Inc. $RDDT Acquired by New England Research & Management Inc.

Key Points

• New England Research & Management Inc. acquired 1,450 shares of Reddit Inc. shares, valued at approximately $218,000, during the second quarter.
• Insider transactions include CFO Andrew Vollero selling 30,000 shares worth over $6.5 million and CTO Christopher Brian Slowe selling 14,000 shares for more than $3.3 million, indicating significant insider trading activity.
• Reddit's stock has seen a 3.9% increase and analysts project growth with price targets ranging from $210 to $300, reflecting a generally positive outlook.

New England Research & Management Inc. bought a new position in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,450 shares of the company's stock, valued at approximately $218,000.

Other institutional investors have also made changes to their positions in the company. CWM LLC increased its holdings 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 acquiring an additional 128 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Reddit in the 4th quarter valued at $49,000. Chelsea Counsel Co. bought a new stake in Reddit in the 4th quarter valued at $49,000. Stone House Investment Management LLC bought a new stake in Reddit in the 1st quarter valued at $31,000. Finally, Geneos Wealth Management Inc. boosted its stake in Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock valued at $39,000 after purchasing an additional 286 shares during the period.

Insider Transactions at Reddit

In other Reddit news, CFO Andrew Vollero sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total value of $6,542,700.00. Following the completion of the sale, the chief financial officer owned 284,168 shares of the company's stock, valued at approximately $61,974,199.12. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Christopher Brian Slowe sold 14,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $236.51, for a total value of $3,311,140.00. Following the completion of the sale, the chief technology officer directly owned 210,534 shares of the company's stock, valued at $49,793,396.34. This trade represents a 6.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,126 shares of company stock valued at $68,827,399. Company insiders own 34.25% of the company's stock.

Reddit Stock Up 3.9%

Shares of RDDT opened at $264.13 on Tuesday. Reddit Inc. has a 12-month low of $57.22 and a 12-month high of $266.64. The business has a 50-day simple moving average of $198.51 and a two-hundred day simple moving average of $146.27. The stock has a market cap of $49.43 billion, a PE ratio of 240.11, a PEG ratio of 4.03 and a beta of 2.38.

Reddit (NYSE:RDDT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.25. The company had revenue of $499.63 million during the quarter, compared to analysts' expectations of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The business's quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Reddit has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Reddit Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RDDT. Jefferies Financial Group boosted their price target on Reddit from $230.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Wall Street Zen upgraded Reddit from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $210.00 target price on shares of Reddit in a research report on Friday, August 22nd. Piper Sandler upped their target price on Reddit from $150.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $212.00 target price on shares of Reddit in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Reddit presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.13.

Reddit Profile

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.

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