57,726 Shares in Reddit Inc. $RDDT Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 57,726 Reddit shares worth approximately $10.02 million during the second quarter, joining several institutional investors that increased or initiated positions in RDDT.
• Reddit reported strong quarterly results, with EPS of $1.25 versus $0.95 expected and revenue of $804.91 million, up 61% year over year. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and target prices around $219–$221.
• Despite the bullish institutional and analyst sentiment, insiders sold more than 230,000 shares worth approximately $38.7 million over the past 90 days, while analyst views remain mixed and the stock continues to trade well below its 52-week high.

Nykredit A S acquired a new position in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,726 shares of the company's stock, valued at approximately $10,020,000.

Other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH bought a new stake in Reddit during the second quarter worth about $1,490,000. Corient Private Wealth LP increased its holdings in Reddit by 141.6% in the 2nd quarter. Corient Private Wealth LP now owns 29,914 shares of the company's stock valued at $5,192,000 after buying an additional 17,531 shares during the period. Amundi raised its position in shares of Reddit by 21.2% in the 2nd quarter. Amundi now owns 272,267 shares of the company's stock valued at $47,260,000 after buying an additional 47,666 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Reddit during the 2nd quarter worth approximately $3,432,000. Finally, Greenland Capital Management LP acquired a new stake in shares of Reddit during the 2nd quarter worth approximately $475,000.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: A Yahoo Finance analysis argues that RDDT could be approximately 51% undervalued following its recent decline, supporting the view that the stock’s long-term growth potential is not fully reflected in its current valuation. Reddit could be 51% undervalued
• Positive Sentiment: Guggenheim maintained a Buy rating on Reddit, adding support to the bullish case. The broader analyst consensus remains Moderate Buy, with an average target price of $221.10. Guggenheim remains a Buy on Reddit
• Neutral Sentiment: BNP Paribas Exane initiated coverage with a Neutral rating and a $180 price target. The target implies meaningful upside from the referenced share price, but the neutral rating reflects caution about Reddit’s outlook and valuation. BNP Paribas Exane coverage
• Neutral Sentiment: Analyst opinions remain divided, with some firms emphasizing Reddit’s strong growth and others taking a more cautious stance. This disagreement can increase volatility and limit near-term investor conviction. Mixed analyst opinions on Reddit
• Negative Sentiment: Reddit insiders sold shares in several recent transactions. COO Jennifer Wong sold 60,000 shares for about $9.7 million, while CEO Steve Huffman sold 17,308 shares for approximately $2.8 million. Both sales were made under pre-arranged Rule 10b5-1 plans and the executives retained sizable holdings, but the transactions may still weigh on sentiment. Reddit insider sales

Reddit Stock Performance

NYSE RDDT opened at $150.84 on Monday. The firm's fifty day moving average price is $163.00 and its two-hundred day moving average price is $159.54. The stock has a market cap of $29.02 billion, a PE ratio of 35.08, a PEG ratio of 0.70 and a beta of 2.02. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $271.99.

Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.30. The company had revenue of $804.91 million during the quarter, compared to analysts' expectations of $731.00 million. Reddit had a return on equity of 29.02% and a net margin of 31.35%.Reddit's revenue was up 61.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts predict that Reddit Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RDDT shares. Raymond James Financial reissued a "strong-buy" rating and issued a $205.00 price objective on shares of Reddit in a research note on Monday, August 17th. UBS Group reaffirmed a "buy" rating on shares of Reddit in a report on Friday, July 31st. Loop Capital reiterated a "buy" rating and issued a $260.00 price target on shares of Reddit in a research note on Thursday, June 4th. Citigroup reissued a "market outperform" rating on shares of Reddit in a report on Monday, August 24th. Finally, DA Davidson reduced their price objective on Reddit from $200.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $219.29.

Insider Buying and Selling at Reddit

In other Reddit news, CAO Michelle Reynolds sold 808 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $200.00, for a total value of $161,600.00. Following the completion of the transaction, the chief accounting officer directly owned 15,060 shares in the company, valued at approximately $3,012,000. This represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert A. Sauerberg sold 5,128 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $159.92, for a total transaction of $820,069.76. Following the completion of the transaction, the director owned 27,087 shares of the company's stock, valued at approximately $4,331,753.04. This trade represents a 15.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 230,244 shares of company stock worth $38,747,524 in the last 90 days. Corporate insiders own 28.48% of the company's stock.

Reddit Company Profile

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and discussions. Users can submit posts, links, images and videos, while community members can comment, vote and interact through publicly accessible forums known as subreddits.

The company generates revenue primarily through digital advertising and also offers premium memberships and other paid products. Reddit additionally provides data licensing and developer-related services that support the use of its platform content and technology.

Founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz, Reddit serves users worldwide across a broad range of communities.

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