Brookstone Capital Management Makes New Investment in Reddit Inc. $RDDT

Brookstone Capital Management acquired a new stake in shares of Reddit Inc. (NYSE:RDDT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,575 shares of the company’s stock, valued at approximately $592,000.

Other institutional investors also recently modified their holdings of the company. Swedbank AB grew its position in Reddit by 459.0% in the 3rd quarter. Swedbank AB now owns 51,525 shares of the company’s stock valued at $11,850,000 after purchasing an additional 42,308 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Reddit by 2.0% in the third quarter. DAVENPORT & Co LLC now owns 27,555 shares of the company’s stock valued at $6,337,000 after buying an additional 551 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Reddit by 50.0% during the third quarter. IFM Investors Pty Ltd now owns 20,209 shares of the company’s stock valued at $4,852,000 after buying an additional 6,736 shares during the last quarter. Revisor Wealth Management LLC bought a new stake in shares of Reddit during the third quarter worth about $1,585,000. Finally, Munro Partners increased its position in shares of Reddit by 93.4% during the third quarter. Munro Partners now owns 36,000 shares of the company’s stock worth $8,280,000 after acquiring an additional 17,390 shares in the last quarter.

Insider Activity at Reddit

In related news, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $194.81, for a total transaction of $3,506,580.00. Following the completion of the transaction, the chief executive officer owned 485,958 shares in the company, valued at approximately $94,669,477.98. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Christopher Brian Slowe sold 24,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the sale, the chief technology officer owned 175,694 shares of the company’s stock, valued at $33,859,747.68. This trade represents a 12.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 461,333 shares of company stock valued at $96,309,724 over the last quarter. Corporate insiders own 34.25% of the company’s stock.

Reddit Trading Down 0.5%

Shares of RDDT opened at $233.44 on Wednesday. The stock has a 50 day moving average of $212.56 and a 200 day moving average of $201.78. The company has a market capitalization of $44.24 billion, a price-to-earnings ratio of 134.16, a PEG ratio of 2.59 and a beta of 2.17. Reddit Inc. has a 12 month low of $79.75 and a 12 month high of $282.95.

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 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 return on equity of 14.94% and a net margin of 18.33%.The business’s revenue was up 67.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, equities research analysts predict that Reddit Inc. will post 1.12 earnings per share for the current year.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and set a $300 price target, which supports upside expectations and may attract momentum buyers. Read More.
• Positive Sentiment: Coverage argues Reddit is an AI search beneficiary — its community content and signals could be valuable to AI summaries and search, implying stronger monetization potential for ads and search products. Read More.
• Positive Sentiment: Investor’s Business Daily/Wall Street writeups name Reddit a top AI‑driven pick for 2026, bolstering retail and growth‑fund interest. Read More.
• Neutral Sentiment: Technical/market pieces note Reddit “nears a key juncture” — could lead to a breakout or a pullback depending on market sentiment, but not a direct fundamental catalyst. Read More.
• Neutral Sentiment: Broader AI trend commentary frames 2026 as a year of dealing with AI complexities — positive for platforms that supply high-quality data, but also raises execution risk and regulation uncertainty. Read More.
• Negative Sentiment: Insider selling: CTO Christopher Slowe sold 14,000 shares (Dec. 22) — part of a series of recent sales — which can prompt near‑term selling pressure or signal insiders monetizing gains. Read More.
• Negative Sentiment: Critical analysis and some sell‑side skepticism remain — pieces saying they’re “impressed but not enough to buy” keep value/risk‑averse investors on the sidelines and cap multiple expansion. Read More.

Analyst Ratings Changes

Several equities analysts recently weighed in on RDDT shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $236.00 price target on shares of Reddit in a research report on Tuesday, October 14th. Cannonball Research restated a “buy” rating on shares of Reddit in a report on Tuesday, September 23rd. Wells Fargo & Company lifted their target price on Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a research report on Tuesday, October 7th. B. Riley reiterated a “buy” rating and set a $245.00 price target (up previously from $235.00) on shares of Reddit in a report on Friday, October 31st. Finally, Wall Street Zen raised Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $230.28.

About Reddit

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.