Benjamin Seong Lee Sells 3,320 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 3,320 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $260.22, for a total value of $863,930.40. Following the sale, the insider directly owned 62,608 shares of the company’s stock, valued at approximately $16,291,853.76. The trade was a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 7th, Benjamin Seong Lee sold 27,930 shares of Reddit stock. The shares were sold at an average price of $260.08, for a total transaction of $7,264,034.40.
• 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 shares were sold at an average price of $192.68, for a total transaction of $1,238,354.36.

Reddit Trading Down 3.6%

Shares of NYSE RDDT opened at $244.71 on Friday. The company has a fifty day moving average price of $218.41 and a 200 day moving average price of $207.33. The firm has a market cap of $46.37 billion, a PE ratio of 140.64, a PEG ratio of 1.64 and a beta of 2.17. Reddit Inc. has a 1-year low of $79.75 and a 1-year high of $282.95.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.30. The firm had revenue of $584.91 million for the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company’s revenue for the quarter was up 67.9% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities research analysts forecast that Reddit Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

RDDT has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $250.00 price objective on shares of Reddit in a report on Friday, October 31st. Citigroup lifted their price target on shares of Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Sanford C. Bernstein increased their price objective on shares of Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Friday, October 31st. B. Riley restated a “buy” rating and issued a $245.00 price objective (up previously from $235.00) on shares of Reddit in a report on Friday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Reddit in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and a consensus target price of $232.58.

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

Institutional Investors Weigh In On Reddit

Several hedge funds have recently bought and sold shares of RDDT. Teacher Retirement System of Texas boosted its holdings in shares of Reddit by 880.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock worth $14,255,000 after buying an additional 85,020 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Reddit during the second quarter worth approximately $2,078,000. J. Safra Sarasin Holding AG bought a new stake in shares of Reddit during the second quarter worth approximately $226,000. Plato Investment Management Ltd boosted its holdings in shares of Reddit by 120.2% during the second quarter. Plato Investment Management Ltd now owns 2,970 shares of the company’s stock worth $446,000 after acquiring an additional 1,621 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Reddit in the second quarter valued at approximately $2,666,000.

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.