Benjamin Seong Lee Sells 27,930 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 27,930 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $260.08, for a total transaction of $7,264,034.40. Following the completion of the sale, the insider owned 62,608 shares in the company, valued at approximately $16,283,088.64. The trade was a 30.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, January 9th, Benjamin Seong Lee sold 3,320 shares of Reddit stock. The stock was sold at an average price of $260.22, for a total transaction of $863,930.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The shares were sold at an average price of $240.00, for a total transaction of $4,500,000.00.
• 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 stock was sold at an average price of $192.68, for a total transaction of $1,238,354.36.

Reddit Stock Down 3.6%

NYSE RDDT opened at $244.71 on Friday. The company has a market cap of $46.37 billion, a price-to-earnings ratio of 140.64, a price-to-earnings-growth ratio of 1.64 and a beta of 2.17. Reddit Inc. has a twelve month low of $79.75 and a twelve month high of $282.95. The business’s fifty day moving average is $218.41 and its 200 day moving average is $207.33.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on RDDT shares. The Goldman Sachs Group restated a “neutral” rating and issued a $236.00 price target on shares of Reddit in a research report on Tuesday, October 14th. Cantor Fitzgerald assumed coverage on shares of Reddit in a research note on Thursday. They issued a “neutral” rating and a $240.00 price objective on the stock. Jefferies Financial Group raised their target price on Reddit from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Sanford C. Bernstein lifted their target price on Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Friday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $300.00 price target on shares of Reddit in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.58.

Institutional Investors Weigh In On Reddit

Several institutional investors and hedge funds have recently made changes to their positions in the business. Huntington National Bank lifted its stake in Reddit by 25.6% in the third quarter. Huntington National Bank now owns 270 shares of the company’s stock valued at $62,000 after buying an additional 55 shares during the period. Roxbury Financial LLC grew its position in shares of Reddit by 7.4% during the 4th quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock worth $214,000 after buying an additional 64 shares during the period. Resona Asset Management Co. Ltd. increased its stake in shares of Reddit by 0.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock valued at $3,023,000 after acquiring an additional 65 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Reddit by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock valued at $567,000 after acquiring an additional 66 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of Reddit by 5.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock valued at $331,000 after acquiring an additional 69 shares during the period.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

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.