Jennifer Wong Sells 39,167 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) COO Jennifer Wong sold 39,167 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $234.37, for a total transaction of $9,179,569.79. Following the transaction, the chief operating officer directly owned 1,184,528 shares of the company’s stock, valued at $277,617,827.36. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Reddit Stock Up 0.1%

NYSE:RDDT opened at $226.16 on Thursday. Reddit Inc. has a 52 week low of $79.75 and a 52 week high of $282.95. The stock’s 50-day moving average price is $210.20 and its 200-day moving average price is $198.02. The stock has a market capitalization of $42.86 billion, a PE ratio of 129.97, a price-to-earnings-growth ratio of 2.49 and a beta of 2.17.

Reddit (NYSE:RDDT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The company had revenue of $584.91 million during the quarter, compared to analysts’ expectations of $546.65 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 67.9% on a year-over-year basis. Sell-side analysts expect that Reddit Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RDDT. Vanguard Group Inc. increased 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. Alliancebernstein L.P. grew its position in shares of Reddit by 103.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after buying an additional 2,871,232 shares during the last quarter. State Street Corp grew its position in shares of Reddit by 22.3% in the 3rd quarter. State Street Corp now owns 2,481,931 shares of the company’s stock valued at $570,819,000 after buying an additional 451,792 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Reddit by 7.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock worth $308,846,000 after acquiring an additional 143,680 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Reddit by 72.1% in the second quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock valued at $299,044,000 after acquiring an additional 833,245 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RDDT shares. Jefferies Financial Group raised their price target on shares of Reddit from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. raised their target price on Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Reddit in a research note on Wednesday, October 1st. Truist Financial set a $270.00 price target on Reddit in a report on Friday, October 31st. Finally, Piper Sandler restated an “overweight” rating on shares of Reddit in a report on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.28.

Key Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham named RDDT a top pick for 2026, added it to its “Conviction Buy” list and set a $300 price target, citing ad-business acceleration and AI/content-licensing upside. This is a major positive catalyst for investor sentiment. Read More.
• Positive Sentiment: Barron’s bullish take highlights momentum after the stock’s strong post-IPO run and suggests further upside into next year, reinforcing the buy-side narrative. Read More.
• Positive Sentiment: Q3/2025 monetization trends look strong: ARPU rose ~41% driven by advertiser growth, better ad tools and higher engagement — supports revenue and EPS upside assumptions behind analyst upgrades. Read More.
• Positive Sentiment: Company initiatives to expand digital engagement and community-platform integrations could increase time-on-site and ad inventory, helping long-term ad revenue scaling. Read More.
• Neutral Sentiment: Options and flow commentary show traders are positioning for a 2026 run after Needham’s call; that can amplify intraday moves but doesn’t change fundamentals. Read More.
• Negative Sentiment: Insider selling: COO Jennifer L. Wong sold 39,167 shares (~$9.18M) on Dec. 19, trimming her position ~3.2% — a near-term negative signal for investor sentiment despite her large remaining stake. SEC filing: Read More.

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.