Plato Investment Management Ltd Has $143,000 Stock Holdings in Reddit Inc. $RDDT

Key Points

• Plato Investment Management Ltd significantly increased its stake in Reddit Inc. by 712.7% during Q1, bringing its total holdings to 1,349 shares valued at approximately $143,000.
• Reddit reported $0.45 EPS for its last quarter, significantly exceeding expectations of $0.20, and its revenue rose by 77.9% year-over-year.
• Insider selling was noted, with CFO Andrew Vollero selling 30,000 shares and CEO Steve Ladd Huffman selling 18,000 shares, indicating possible shifts in management confidence.

Plato Investment Management Ltd boosted its holdings in shares of Reddit Inc. (NYSE:RDDT - Free Report) by 712.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,349 shares of the company's stock after buying an additional 1,183 shares during the quarter. Plato Investment Management Ltd's holdings in Reddit were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RDDT. Mercer Global Advisors Inc. ADV bought a new stake in Reddit during the fourth quarter valued at about $226,000. Captrust Financial Advisors acquired a new stake in shares of Reddit during the fourth quarter worth approximately $305,000. Cetera Investment Advisers increased its holdings in shares of Reddit by 94.3% during the fourth quarter. Cetera Investment Advisers now owns 7,258 shares of the company's stock worth $1,186,000 after buying an additional 3,523 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Reddit in the fourth quarter valued at approximately $1,186,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Reddit in the fourth quarter valued at approximately $407,000.

Reddit Trading Down 2.3%

RDDT opened at $254.44 on Friday. The stock has a market capitalization of $47.62 billion, a P/E ratio of 231.31, a P/E/G ratio of 4.13 and a beta of 2.40. Reddit Inc. has a 12 month low of $57.22 and a 12 month high of $266.64. The firm's fifty day simple moving average is $196.30 and its 200 day simple moving average is $145.81.

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

Insider Activity

In other Reddit news, CFO Andrew Vollero sold 30,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the sale, the chief financial officer directly owned 284,168 shares of the company's stock, valued at $61,974,199.12. The trade was a 9.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $223.41, for a total transaction of $4,021,380.00. Following the sale, the chief executive officer directly owned 494,104 shares in the company, valued at $110,387,774.64. This trade represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 500,777 shares of company stock worth $88,572,016. 34.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RDDT shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $210.00 price target on shares of Reddit in a report on Friday, August 22nd. Wolfe Research raised shares of Reddit to an "outperform" rating in a research note on Sunday, August 3rd. Robert W. Baird lifted their price target on shares of Reddit from $120.00 to $151.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Jefferies Financial Group lifted their price target on shares of Reddit from $230.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Needham & Company LLC lifted their price target on shares of Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two equities 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.com, Reddit presently has a consensus rating of "Moderate Buy" and an average price target of $180.58.

Reddit Company 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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