RWA Wealth Partners LLC Takes $408,000 Position in Reddit Inc. $RDDT

Key Points

• RWA Wealth Partners LLC has acquired a new stake in Reddit Inc., purchasing 3,890 shares valued at approximately $408,000 during the first quarter.
• Notable insider transactions include CTO Christopher Brian Slowe selling 16,000 shares for over $2.3 million and COO Jennifer L. Wong selling 32,379 shares for nearly $7.8 million.
• Reddit reported a significant earnings beat in its latest quarter, with $499.63 million in revenue, exceeding analysts' expectations, and a 77.9% year-over-year revenue growth.

RWA Wealth Partners LLC acquired a new stake in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,890 shares of the company's stock, valued at approximately $408,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its stake in shares of Reddit by 100.0% during the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after buying an additional 128 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of Reddit in the first quarter worth $31,000. Canton Hathaway LLC purchased a new position in shares of Reddit in the first quarter worth $43,000. Olde Wealth Management LLC purchased a new position in shares of Reddit in the first quarter worth $46,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Reddit in the fourth quarter worth $49,000.

Insider Buying and Selling at Reddit

In other news, CTO Christopher Brian Slowe sold 16,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $145.58, for a total transaction of $2,329,280.00. Following the sale, the chief technology officer owned 241,373 shares in the company, valued at approximately $35,139,081.34. The trade was a 6.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jennifer L. Wong sold 32,379 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $242.05, for a total transaction of $7,837,336.95. Following the sale, the chief operating officer owned 1,395,628 shares in the company, valued at approximately $337,811,757.40. This trade represents a 2.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 363,364 shares of company stock worth $53,557,742. Corporate insiders own 34.25% of the company's stock.

Reddit Price Performance

RDDT stock opened at $218.8550 on Thursday. Reddit Inc. has a 1 year low of $54.27 and a 1 year high of $253.14. The company has a market cap of $40.96 billion, a P/E ratio of 198.96, a PEG ratio of 3.62 and a beta of 2.30. The firm has a 50-day moving average of $165.78 and a 200 day moving average of $142.05.

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

Analysts Set New Price Targets

RDDT has been the topic of several analyst reports. Needham & Company LLC lifted their target price on shares of Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Roth Capital lifted their target price on shares of Reddit from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Roth Mkm lifted their price objective on Reddit from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Wolfe Research upgraded Reddit to an "outperform" rating in a research report on Sunday, August 3rd. Finally, Sanford C. Bernstein lifted their price objective on Reddit from $130.00 to $150.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.83.

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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