Stratos Wealth Partners LTD. Invests $1.47 Million in Reddit Inc. $RDDT

Key Points

• Stratos Wealth Partners LTD. invested approximately $1.47 million in Reddit Inc., acquiring 9,758 shares during the second quarter.
• CTO Christopher Brian Slowe and COO Jennifer L. Wong sold significant portions of their stock, totaling $10.72 million in share sales in recent weeks.
• Several analysts have upgraded Reddit's stock rating, with a consensus rating of "Moderate Buy" and an average target price set at $210.54.

Stratos Wealth Partners LTD. acquired a new position in Reddit Inc. (NYSE:RDDT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,758 shares of the company's stock, valued at approximately $1,469,000.

Other large investors have also recently bought and sold shares of the company. CWM LLC raised its stake 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 purchasing an additional 128 shares during the last quarter. Stone House Investment Management LLC acquired a new position in Reddit during the 1st quarter valued at $31,000. Geneos Wealth Management Inc. raised its stake in Reddit by 344.6% during the 1st 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. Olde Wealth Management LLC acquired a new position in Reddit during the 1st quarter valued at $46,000. Finally, Western Pacific Wealth Management LP acquired a new position in Reddit during the 2nd quarter valued at $60,000.

Insider Activity

In other news, CTO Christopher Brian Slowe sold 14,000 shares of the company's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $200.81, for a total value of $2,811,340.00. Following the sale, the chief technology officer owned 206,534 shares of the company's stock, valued at approximately $41,474,092.54. This represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer L. Wong sold 30,741 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $257.28, for a total transaction of $7,909,044.48. Following the completion of the sale, the chief operating officer directly owned 1,295,968 shares in the company, valued at approximately $333,426,647.04. The trade was a 2.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 366,500 shares of company stock worth $83,829,951 in the last quarter. 34.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on RDDT. Wolfe Research upgraded shares of Reddit to an "outperform" rating in a research note on Sunday, August 3rd. Wall Street Zen upgraded shares of Reddit from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. JPMorgan Chase & Co. increased their price objective on shares of Reddit from $145.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Bank of America increased their price objective on shares of Reddit from $130.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Reddit in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Reddit has a consensus rating of "Moderate Buy" and an average target price of $210.54.

Reddit Stock Performance

RDDT opened at $202.66 on Tuesday. The firm's 50-day simple moving average is $228.03 and its 200-day simple moving average is $163.94. Reddit Inc. has a twelve month low of $76.54 and a twelve month high of $282.95. The firm has a market cap of $37.93 billion, a price-to-earnings ratio of 184.24, a PEG ratio of 2.98 and a beta of 2.23.

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

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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