Reddit (NYSE:RDDT) CTO Sells $2,759,400.00 in Stock

Key Points

• Reddit's CTO, Christopher Brian Slowe, sold 14,000 shares of stock for approximately $2.76 million, reducing his ownership by 6.41% to 204,534 shares.
• Shares of Reddit Inc. (NASDAQ: RDDT) rose by 6.9%, reaching a price of $214.64, with a market capitalization of $40.17 billion.
• Reddit reported better-than-expected earnings with $0.45 EPS for the last quarter, significantly exceeding the consensus estimate of $0.20.

Reddit Inc. (NYSE:RDDT - Get Free Report) CTO Christopher Brian Slowe sold 14,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $197.10, for a total transaction of $2,759,400.00. Following the transaction, the chief technology officer directly owned 204,534 shares of the company's stock, valued at $40,313,651.40. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Christopher Brian Slowe also recently made the following trade(s):

• On Wednesday, October 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $200.81, for a total transaction of $2,811,340.00.
• On Monday, September 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $257.28, for a total transaction of $3,601,920.00.
• On Monday, September 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $236.51, for a total value of $3,311,140.00.
• On Friday, August 22nd, Christopher Brian Slowe sold 10,000 shares of Reddit stock. The shares were sold at an average price of $220.25, for a total value of $2,202,500.00.
• On Thursday, August 21st, Christopher Brian Slowe sold 28,000 shares of Reddit stock. The shares were sold at an average price of $218.94, for a total value of $6,130,320.00.

Reddit Stock Up 6.9%

Shares of NYSE RDDT traded up $13.82 during trading hours on Friday, hitting $214.64. The company had a trading volume of 6,271,341 shares, compared to its average volume of 7,394,447. The firm's 50 day moving average is $226.05 and its 200-day moving average is $165.20. Reddit Inc. has a 1-year low of $79.02 and a 1-year high of $282.95. The stock has a market capitalization of $40.17 billion, a P/E ratio of 195.12, a price-to-earnings-growth ratio of 3.01 and a beta of 2.23.

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, beating 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 during the quarter, compared to the consensus estimate of $424.07 million. During the same period last year, the business posted ($0.06) EPS. Reddit's revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CWM LLC increased its holdings in Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company's stock valued at $27,000 after purchasing an additional 128 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Reddit in the 1st quarter valued at about $31,000. Financial Perspectives Inc acquired a new position in Reddit during the 2nd quarter worth approximately $34,000. 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 worth $39,000 after buying an additional 286 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Reddit by 8,650.0% in the 3rd quarter. GAMMA Investing LLC now owns 175 shares of the company's stock worth $40,000 after acquiring an additional 173 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Cannonball Research reissued a "buy" rating on shares of Reddit in a report on Tuesday, September 23rd. Truist Financial boosted their target price on shares of Reddit from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. Needham & Company LLC boosted their target price on shares of Reddit from $215.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. boosted their price target on Reddit from $145.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Guggenheim boosted their price target on Reddit from $165.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Reddit has a consensus rating of "Moderate Buy" and an average price target of $217.50.

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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