15,999 Shares in Reddit Inc. $RDDT Bought by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC purchased 15,999 shares of Reddit Inc., valued at approximately $2.4 million, during the second quarter, as reported in their recent SEC filing.
• Insider activity saw COO Jennifer L. Wong and CTO Christopher Brian Slowe sell significant quantities of shares, with Wong selling 40,967 shares and Slowe selling 28,000 shares, signaling a notable reduction in their ownership positions.
• Reddit's stock opened at $241.98, marking a 77.9% year-over-year revenue increase, with a net margin of 12.97% and a return on equity of 9.93% reported in their latest earnings release.

Venture Visionary Partners LLC bought a new position in shares of Reddit Inc. (NYSE:RDDT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,999 shares of the company's stock, valued at approximately $2,409,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Congress Park Capital LLC boosted its position in shares of Reddit by 2.0% during the second quarter. Congress Park Capital LLC now owns 3,885 shares of the company's stock worth $585,000 after acquiring an additional 76 shares during the last quarter. Signaturefd LLC lifted its position in Reddit by 3.5% during the first quarter. Signaturefd LLC now owns 2,859 shares of the company's stock valued at $300,000 after purchasing an additional 97 shares during the last quarter. CWM LLC lifted its position in Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Reddit by 12.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,323 shares of the company's stock valued at $139,000 after purchasing an additional 147 shares during the last quarter. Finally, Morling Financial Advisors LLC lifted its position in Reddit by 3.8% during the first quarter. Morling Financial Advisors LLC now owns 5,487 shares of the company's stock valued at $576,000 after purchasing an additional 202 shares during the last quarter.

Insider Activity at Reddit

In related news, COO Jennifer L. Wong sold 40,967 shares of Reddit stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $220.38, for a total transaction of $9,028,307.46. Following the completion of the sale, the chief operating officer owned 120,033 shares in the company, valued at $26,452,872.54. This trade represents a 25.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Christopher Brian Slowe sold 28,000 shares of Reddit stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $218.94, for a total transaction of $6,130,320.00. Following the sale, the chief technology officer owned 222,534 shares of the company's stock, valued at $48,721,593.96. The trade was a 11.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 379,834 shares of company stock worth $82,388,799. 34.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RDDT has been the subject of several research reports. Guggenheim increased their price objective on shares of Reddit from $165.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 1st. JMP Securities increased their price objective on shares of Reddit from $225.00 to $300.00 and gave the company a "market outperform" rating in a research report on Thursday, September 18th. Argus initiated coverage on shares of Reddit in a research report on Monday, August 18th. They set a "buy" rating and a $250.00 price objective for the company. Cannonball Research reiterated a "buy" rating on shares of Reddit in a research report on Tuesday, September 23rd. Finally, Sanford C. Bernstein increased their price objective on shares of Reddit from $130.00 to $150.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $201.58.

Reddit Trading Up 0.8%

Reddit stock opened at $241.98 on Tuesday. The firm has a 50-day moving average price of $219.74 and a 200-day moving average price of $154.18. The firm has a market capitalization of $45.29 billion, a PE ratio of 219.98, a price-to-earnings-growth ratio of 3.78 and a beta of 2.38. Reddit Inc. has a 12-month low of $64.51 and a 12-month high of $282.95.

Reddit (NYSE:RDDT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.25. The firm had revenue of $499.63 million during the quarter, compared to analyst estimates of $424.07 million. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The business's revenue was up 77.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) EPS. Reddit has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

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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