Candriam S.C.A. Invests $1.07 Million in Reddit Inc. $RDDT

Candriam S.C.A. bought a new position in Reddit Inc. (NYSE:RDDT) during the second quarter, according to its most recent filing with the SEC. The firm bought 7,086 shares of the company’s stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC lifted its stake in shares of Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Reddit during the first quarter valued at approximately $31,000. Financial Perspectives Inc bought a new stake in Reddit during the second quarter worth $34,000. Geneos Wealth Management Inc. raised its position in Reddit by 344.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after buying an additional 286 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in Reddit in the 2nd quarter valued at $60,000.

Reddit Trading Down 3.0%

RDDT stock opened at $187.48 on Tuesday. The firm has a 50 day moving average of $217.44 and a 200-day moving average of $177.98. The firm has a market capitalization of $35.53 billion, a P/E ratio of 107.75, a price-to-earnings-growth ratio of 2.13 and a beta of 2.15. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.30. The business had revenue of $584.91 million for the quarter, compared to analysts’ expectations of $546.65 million. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The business’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Reddit has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Reddit Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling at Reddit

In other news, COO Jennifer L. Wong sold 30,659 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $201.82, for a total transaction of $6,187,599.38. Following the completion of the transaction, the chief operating officer owned 1,295,968 shares of the company’s stock, valued at approximately $261,552,261.76. The trade was a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Christopher Brian Slowe sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $204.43, for a total transaction of $2,862,020.00. Following the completion of the sale, the chief technology officer owned 202,534 shares of the company’s stock, valued at approximately $41,404,025.62. The trade was a 6.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 387,747 shares of company stock valued at $85,968,497 in the last 90 days. Corporate insiders own 34.25% of the company’s stock.

Analyst Upgrades and Downgrades

RDDT has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. B. Riley restated a “buy” rating and set a $245.00 price target (up from $235.00) on shares of Reddit in a report on Friday, October 31st. Cannonball Research reiterated a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Morgan Stanley restated an “overweight” rating and issued a $250.00 target price on shares of Reddit in a research note on Friday, October 31st. Finally, Wells Fargo & Company lifted their price target on Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $226.33.

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.