Benjamin Seong Lee Sells 18,750 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 18,750 shares of Reddit stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $240.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the insider directly owned 62,608 shares of the company’s stock, valued at approximately $15,025,920. The trade was a 23.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Benjamin Seong Lee also recently made the following trade(s):

• On Tuesday, December 16th, Benjamin Seong Lee sold 55,005 shares of Reddit stock. The stock was sold at an average price of $221.21, for a total transaction of $12,167,656.05.
• On Monday, November 24th, Benjamin Seong Lee sold 6,427 shares of Reddit stock. The shares were sold at an average price of $192.68, for a total transaction of $1,238,354.36.

Reddit Price Performance

NYSE:RDDT opened at $233.21 on Friday. The firm has a 50-day moving average of $208.53 and a 200-day moving average of $195.10. The company has a market cap of $44.19 billion, a PE ratio of 134.03, a PEG ratio of 2.55 and a beta of 2.17. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. On average, equities research analysts expect that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: MarketBeat’s TL;DR highlights rapid DAU/WAU expansion, strong Q3 revenue and EPS beats, and sizable international growth — a narrative supporting further ad monetization and ARPU expansion heading into 2026. Read More.
• Positive Sentiment: Analyst activity is constructive: several firms have raised targets or maintained buy ratings (Jefferies, China Renaissance initiation, others cited), implying upside relative to consensus and helping investor confidence. (See MarketBeat piece above for coverage of recent price-target moves.)
• Positive Sentiment: Softer inflation / macro headlines are improving the investment case for growth and ad-driven names; coverage argues that easing inflation expectations can re-rate Reddit by reducing discount-rate concerns and supporting ad budgets. Read More.
• Neutral Sentiment: Stories noting what Wall Street will watch in 2026 (product/monetization, ARPU, international expansion) underscore catalysts but don’t add immediate data-driven moves; useful for medium-term thesis rather than intraday action. Read More.
• Neutral Sentiment: News that a Reddit post helped surface a tip in a university shooting investigation highlights the platform’s real-world reach — a reputational datapoint that can be framed positively for engagement but also raises ongoing moderation and liability considerations. Read More.
• Negative Sentiment: Large insider sales: Benjamin Seong Lee sold 55,005 shares (Dec. 16) and 18,750 shares (Dec. 18) across recent transactions; CEO Steve Huffman also sold 18,000 shares (Dec. 15). The size and frequency of these sales can create short-term selling pressure and raise investor questions about timing of liquidity events. Read More.

Institutional Trading of Reddit

A number of large investors have recently added to or reduced their stakes in RDDT. Alliancebernstein L.P. boosted its stake in Reddit by 103.0% in the first quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after acquiring an additional 2,871,232 shares during the last quarter. Norges Bank bought a new stake in shares of Reddit in the 2nd quarter worth approximately $294,254,000. Vanguard Group Inc. lifted its stake in Reddit by 12.9% in the third quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company’s stock valued at $2,814,734,000 after purchasing an additional 1,401,293 shares during the last quarter. Amundi grew its holdings in Reddit by 2,060.5% during the second quarter. Amundi now owns 1,307,231 shares of the company’s stock valued at $208,294,000 after purchasing an additional 1,246,725 shares during the period. Finally, Invesco Ltd. increased its position in Reddit by 419.0% in the third quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock worth $342,212,000 after buying an additional 1,201,237 shares during the last quarter.

Wall Street Analysts Forecast Growth

RDDT has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Reddit from $190.00 to $227.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Reddit in a report on Wednesday, October 1st. Raymond James Financial reissued a “strong-buy” rating and set a $250.00 price target (up from $225.00) on shares of Reddit in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a research report on Monday. Finally, Wall Street Zen upgraded shares of Reddit from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Reddit has a consensus rating of “Moderate Buy” and an average target price of $230.28.

Reddit Company Profile

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.