Steve Ladd Huffman Sells 18,000 Shares of Reddit (NYSE:RDDT) Stock

Key Points

• Steve Ladd Huffman, the CEO of Reddit, sold 18,000 shares of the company at an average price of $223.41, totaling approximately $4.02 million, which decreased his ownership by 3.51%.
• Reddit's stock performance includes a recent trading price of $223.25 with a market cap of $41.78 billion, reflecting a significant year-over-year revenue increase of 77.9%.
• Analysts have mixed ratings on Reddit’s stock, with a consensus rating of Moderate Buy and price targets ranging from $175.38 to $225.00.

Reddit Inc. (NYSE:RDDT - Get Free Report) CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $223.41, for a total transaction of $4,021,380.00. Following the sale, the chief executive officer owned 494,104 shares of the company's stock, valued at approximately $110,387,774.64. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Steve Ladd Huffman also recently made the following trade(s):

• On Friday, August 15th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $244.70, for a total transaction of $3,425,800.00.
• On Tuesday, August 5th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $202.70, for a total transaction of $2,837,800.00.
• On Tuesday, July 15th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $145.63, for a total transaction of $2,038,820.00.
• On Monday, June 30th, Steve Ladd Huffman sold 14,000 shares of Reddit stock. The stock was sold at an average price of $151.35, for a total transaction of $2,118,900.00.
• On Monday, June 16th, Steve Ladd Huffman sold 124,409 shares of Reddit stock. The stock was sold at an average price of $124.45, for a total transaction of $15,482,700.05.

Reddit Stock Performance

Shares of NYSE RDDT traded up $3.19 during mid-day trading on Wednesday, hitting $223.25. The stock had a trading volume of 8,420,320 shares, compared to its average volume of 6,284,561. Reddit Inc. has a 1 year low of $55.25 and a 1 year high of $253.14. The business has a 50 day moving average price of $183.25 and a two-hundred day moving average price of $142.52. The firm has a market cap of $41.78 billion, a P/E ratio of 202.96, a price-to-earnings-growth ratio of 3.57 and a beta of 2.40.

Reddit (NYSE:RDDT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.45 EPS 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 company had revenue of $499.63 million for the quarter, compared to the consensus estimate of $424.07 million. During the same period in the previous year, the firm earned ($0.06) earnings per share. The firm's revenue for the quarter was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. Equities research analysts predict that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on RDDT. Royal Bank Of Canada reissued a "sector perform" rating and set a $210.00 price objective on shares of Reddit in a research report on Friday, August 22nd. JMP Securities boosted their price objective on shares of Reddit from $180.00 to $225.00 and gave the company a "market outperform" rating in a research report on Friday, August 1st. Wall Street Zen downgraded shares of Reddit from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of Reddit from $145.00 to $190.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, Loop Capital reduced their price objective on shares of Reddit from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Reddit currently has a consensus rating of "Moderate Buy" and an average target price of $175.38.

Hedge Funds Weigh In On Reddit

A number of hedge funds have recently bought and sold shares of the company. Infini Capital Management Ltd bought a new position in Reddit in the 2nd quarter worth about $602,000. Orion Porfolio Solutions LLC bought a new position in Reddit during the 2nd quarter valued at about $201,000. Munro Partners bought a new position in Reddit during the 2nd quarter valued at about $2,802,000. Nautilus Advisors LLC lifted its stake in Reddit by 30.7% during the 2nd quarter. Nautilus Advisors LLC now owns 4,618 shares of the company's stock valued at $695,000 after acquiring an additional 1,085 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in Reddit by 7.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 360,061 shares of the company's stock valued at $54,214,000 after acquiring an additional 25,257 shares during the period.

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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