Sender Co & Partners Inc. Buys Shares of 13,033 Reddit Inc. $RDDT

Key Points

• Sender Co & Partners Inc. acquired 13,033 shares of Reddit Inc. (NYSE: RDDT), valued at approximately $1.37 million, during the first quarter.
• CFO Andrew Vollero and CEO Steve Ladd Huffman sold significant portions of their shares, with Vollero selling 30,000 shares and Huffman selling 124,409 shares, indicating insider selling activity in the company.
• Reddit reported q2 earnings with an EPS of $0.45, exceeding analysts' expectations and showing a 77.9% year-over-year revenue increase to $499.63 million.

Sender Co & Partners Inc. bought a new stake in shares of Reddit Inc. (NYSE:RDDT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,033 shares of the company's stock, valued at approximately $1,367,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in Reddit by 100.0% during the 1st quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after acquiring an additional 128 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Reddit in the 4th quarter worth $49,000. Chelsea Counsel Co. acquired a new stake in shares of Reddit in the 4th quarter worth $49,000. Stone House Investment Management LLC acquired a new stake in shares of Reddit in the 1st quarter worth $31,000. Finally, CoreCap Advisors LLC boosted its position in shares of Reddit by 3,500.0% in the 4th quarter. CoreCap Advisors LLC now owns 360 shares of the company's stock worth $59,000 after purchasing an additional 350 shares in the last quarter.

Insider Buying and Selling

In other Reddit news, CFO Andrew Vollero sold 30,000 shares of Reddit stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $117.64, for a total transaction of $3,529,200.00. Following the completion of the transaction, the chief financial officer owned 333,806 shares in the company, valued at approximately $39,268,937.84. This trade represents a 8.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steve Ladd Huffman sold 124,409 shares of Reddit stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $124.45, for a total value of $15,482,700.05. Following the transaction, the chief executive officer owned 546,133 shares of the company's stock, valued at $67,966,251.85. The trade was a 18.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 516,777 shares of company stock worth $88,790,076. Corporate insiders own 34.25% of the company's stock.

Reddit Price Performance

Shares of RDDT stock opened at $240.19 on Friday. The firm has a market capitalization of $44.95 billion, a price-to-earnings ratio of 218.35, a price-to-earnings-growth ratio of 3.81 and a beta of 2.40. The business has a fifty day moving average of $186.96 and a 200 day moving average of $142.81. Reddit Inc. has a 1 year low of $55.25 and a 1 year high of $253.14.

Reddit (NYSE:RDDT - Get Free Report) last issued its 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. The company had revenue of $499.63 million during the quarter, compared to analyst estimates of $424.07 million. Reddit had a return on equity of 9.93% and a net margin of 12.97%.The firm's quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. Reddit has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Reddit Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

RDDT has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Reddit from $150.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Sanford C. Bernstein raised 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. Robert W. Baird raised their price objective on Reddit from $120.00 to $151.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Wolfe Research raised Reddit to an "outperform" rating in a research report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on Reddit from $145.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $175.38.

About Reddit

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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