Reddit Inc. $RDDT Shares Sold by Oak Thistle LLC

Key Points

• Oak Thistle LLC cut its Reddit stake by 88.3% in Q4, selling 7,769 shares and leaving it with 1,032 shares valued at about $237,000.
• Company insiders have been net sellers recently: CEO Steve Huffman sold 18,000 shares and CTO Chris Slowe sold 15,500 shares (both under pre-arranged Rule 10b5-1 plans), and insiders sold 316,115 shares versus 61,000 bought in the past 90 days; insiders now own 34.25% of the stock.
• Reddit beat Q4 expectations with EPS $1.24 vs. $0.96 est. and revenue of $725.6M (up 69.7% YoY), and analysts maintain a consensus rating of “Moderate Buy” with an average target of $238.46.

Oak Thistle LLC reduced its holdings in Reddit Inc. (NYSE:RDDT - Free Report) by 88.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,032 shares of the company's stock after selling 7,769 shares during the quarter. Oak Thistle LLC's holdings in Reddit were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG acquired a new position in Reddit in the third quarter valued at $25,000. GW&K Investment Management LLC acquired a new position in Reddit in the third quarter valued at $30,000. Cornerstone Planning Group LLC increased its stake in Reddit by 13,500.0% in the third quarter. Cornerstone Planning Group LLC now owns 136 shares of the company's stock valued at $31,000 after purchasing an additional 135 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Reddit in the fourth quarter valued at $34,000. Finally, Geneos Wealth Management Inc. increased its stake in Reddit by 344.6% in the first 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 last quarter.

Reddit Price Performance

Shares of NYSE:RDDT opened at $139.89 on Friday. The firm has a market capitalization of $26.72 billion, a PE ratio of 53.39, a P/E/G ratio of 1.02 and a beta of 2.40. The business has a 50-day moving average of $141.61 and a two-hundred day moving average of $190.00. Reddit Inc. has a 12 month low of $90.78 and a 12 month high of $282.95.

Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.96 by $0.28. The company had revenue of $725.61 million during the quarter, compared to analyst estimates of $665.80 million. Reddit had a return on equity of 20.89% and a net margin of 24.05%.The firm's revenue was up 69.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, research analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $132.77, for a total value of $2,389,860.00. Following the completion of the sale, the chief executive officer owned 411,195 shares in the company, valued at approximately $54,594,360.15. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Christopher Brian Slowe sold 15,500 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $150.67, for a total value of $2,335,385.00. Following the completion of the sale, the chief technology officer owned 38,413 shares of the company's stock, valued at approximately $5,787,686.71. This trade represents a 28.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 61,000 shares of company stock worth $8,870,815 and have sold 316,115 shares worth $51,962,936. 34.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RDDT has been the subject of several analyst reports. B. Riley Financial upped their target price on Reddit from $245.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Oppenheimer dropped their price target on Reddit from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Reddit in a research note on Monday, December 29th. Truist Financial dropped their price target on Reddit from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company started coverage on Reddit in a research note on Tuesday, April 7th. They set an "equal weight" rating and a $149.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $238.46.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Zacks highlights Reddit’s rapid advertising revenue growth, rising advertiser base and strong ROAS versus Alphabet, arguing Reddit has stronger upside potential among digital-advertising names — supportive for bullish sentiment. RDDT vs. GOOGL: Which Digital Advertising Stock Is a Better Buy?
• Positive Sentiment: Brokerage consensus is now a "Moderate Buy," which can attract momentum and institutional interest by signaling broad analyst support. Reddit Inc. NYSE: RDDT Receives Consensus Recommendation of "Moderate Buy" from Brokerages
• Positive Sentiment: Truist appears in press coverage as having issued a "Buy" for Reddit (reported by The Globe and Mail), which can directly support upside as large regional/big-bank calls often influence flows. Reddit Inc Class A (RDDT) Gets a Buy from Truist Financial
• Positive Sentiment: Wells Fargo initiated coverage on Reddit — initiation from a large shop can increase visibility and institutional flows. Wells Fargo & Company Initiates Coverage on Reddit NYSE: RDDT
• Neutral Sentiment: Reddit scheduled Q1 results for April 30 with a webcast; earnings cadence creates a near-term catalyst that may amplify price moves in either direction. Reddit to Announce First Quarter Results on Thursday, April 30, 2026
• Neutral Sentiment: Investor commentary (Jacob Funds letter via InsiderMonkey) outlines broader macro/AI risks and rationale for holding tech exposure; useful for context but not an immediate price driver. What Makes Reddit (RDDT) an Investment Bet?
• Neutral Sentiment: Analyses questioning whether it’s "too late" after sharp swings and discussion of AI data deals highlight valuation debate — keeps investor attention but ambiguous directional impact. Is It Too Late To Consider Reddit (RDDT) After Sharp Swings And AI Data Deals?
• Neutral Sentiment: Coverage on Reddit’s data deals and global growth frames upside but warns valuation expectations will be tested — mixed implications depending on upcoming execution. Reddit Data Deal And Global Growth Tested Against Valuation Expectations
• Negative Sentiment: Market-wide weakness (NYSE Composite stress) is cited as dragging Reddit shares lower at points; macro risk increases short-term downside sensitivity for a beta >2 name. Reddit Shares Weaken With Nyse Composite Reflecting Market Stress
• Negative Sentiment: One report notes Truist issuing a pessimistic forecast on Reddit’s price, a counterpoint to the buy call and a reminder of mixed analyst views that can increase volatility. Truist Financial Issues Pessimistic Forecast for Reddit NYSE: RDDT Stock Price

Reddit Profile

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.

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