Steve Ladd Huffman Sells 18,000 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $183.18, for a total transaction of $3,297,240.00. Following the completion of the sale, the chief executive officer directly owned 448,576 shares of the company’s stock, valued at $82,170,151.68. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Steve Ladd Huffman also recently made the following trade(s):

• On Thursday, January 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $232.78, for a total value of $4,190,040.00.
• On Wednesday, December 31st, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $230.76, for a total value of $4,153,680.00.
• On Monday, December 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $220.28, for a total value of $3,965,040.00.
• On Friday, November 28th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $215.19, for a total value of $3,873,420.00.
• On Friday, November 14th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $194.81, for a total value of $3,506,580.00.

Reddit Price Performance

NYSE RDDT opened at $152.53 on Thursday. The business’s fifty day moving average is $223.87 and its 200-day moving average is $215.15. The stock has a market capitalization of $28.90 billion, a price-to-earnings ratio of 87.66, a PEG ratio of 1.15 and a beta of 2.17. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Analysts and coverage highlight Reddit’s AI and ad-data initiatives as potential drivers of scalable ad revenue and better ad targeting — a structural positive for monetization if execution continues. Is Reddit’s (RDDT) Ad Data Strategy Quietly Redefining Its Path to Profitable Scale?
• Positive Sentiment: Coverage on Reddit’s role in AI/data and brand-control discussions underscores potential long-term upside from unique first-party community data, which could support higher ad yield. Reddit Juggles AI Data Role Brand Control And Advertising Pressures
• Positive Sentiment: High-profile bullish commentary (e.g., Jim Cramer) may support short-term buying interest among retail investors. Jim Cramer on Reddit: “I bet it’s up this time”
• Neutral Sentiment: Pre-earnings previews expect Q4 strength from ad growth and AI products, but emphasize that execution and monetization cadence will determine whether results beat elevated expectations. Reddit (RDDT) Q4 Earnings: What To Expect
• Neutral Sentiment: Analyst notes (Zacks, others) highlight ad/AI upside but caution on valuation; consensus remains a moderate buy with a wide range of price targets—so earnings and guidance will likely move the tape. Should You Buy, Sell, or Hold Reddit Stock Before Q4 Earnings Release?
• Negative Sentiment: Recent insider selling by CEO Steve Huffman (18,000 shares, ~$3.3M) is being cited as a catalyst for today’s pullback; investors often view repeated CEO sales as a near-term negative signal even when filings show substantial remaining ownership. SEC Form 4 – Huffman Insider Sale
• Negative Sentiment: News and trade reports note an extended pullback into lower price levels ahead of earnings; elevated volatility and the stock trading well below short- and medium-term moving averages amplify downside risk if guidance disappoints. Reddit Stock Extends Pullback Ahead of Earnings
• Negative Sentiment: Aggregate analyst actions include downgrades to hold and reminders about the stock’s high valuation — a headwind if revenue growth or margin progress lags. Why Reddit (RDDT) shares are trading lower today

Institutional Trading of Reddit

A number of hedge funds and other institutional investors have recently made changes to their positions in RDDT. Resona Asset Management Co. Ltd. lifted its stake in shares of Reddit by 53.2% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 30,944 shares of the company’s stock worth $7,166,000 after purchasing an additional 10,743 shares during the period. Teacher Retirement System of Texas increased its stake in Reddit by 880.5% in the second quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock valued at $14,255,000 after purchasing an additional 85,020 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in Reddit in the second quarter valued at $226,000. Plato Investment Management Ltd lifted its position in 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 buying an additional 1,621 shares during the period. Finally, Optimize Financial Inc acquired a new stake in Reddit in the 3rd quarter worth about $1,420,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Reddit from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. B. Riley reissued a “buy” rating and set a $245.00 price objective (up from $235.00) on shares of Reddit in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on Reddit from $190.00 to $227.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley upped their price target on Reddit from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Bank of America lifted their price objective on Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reddit presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.36.

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.