Reddit (NYSE:RDDT) Director Acquires $6,548,976.00 in Stock

Reddit Inc. (NYSE:RDDT) Director Sarah Farrell bought 43,800 shares of Reddit stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of $149.52 per share, with a total value of $6,548,976.00. Following the completion of the acquisition, the director directly owned 43,800 shares in the company, valued at $6,548,976. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Reddit Price Performance

RDDT opened at $139.62 on Friday. The company has a 50 day simple moving average of $212.78 and a two-hundred day simple moving average of $214.87. The firm has a market cap of $26.46 billion, a P/E ratio of 53.29, a PEG ratio of 1.04 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 earnings results on Thursday, February 5th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.28. Reddit had a net margin of 24.05% and a return on equity of 20.89%. The company had revenue of $725.61 million for the quarter, compared to analysts’ expectations of $665.80 million. During the same quarter in the previous year, the company earned $0.36 EPS. Reddit’s revenue for the quarter was up 69.7% on a year-over-year basis. Equities analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On Reddit

Institutional investors have recently modified their holdings of the stock. FORA Capital LLC raised its holdings in shares of Reddit by 54.2% during the fourth quarter. FORA Capital LLC now owns 22,903 shares of the company’s stock worth $5,198,000 after purchasing an additional 8,055 shares during the last quarter. CreativeOne Wealth LLC grew its position in Reddit by 136.5% during the 4th quarter. CreativeOne Wealth LLC now owns 3,257 shares of the company’s stock worth $749,000 after purchasing an additional 1,880 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Reddit by 65.8% during the 4th quarter. Kestra Advisory Services LLC now owns 21,374 shares of the company’s stock valued at $4,913,000 after buying an additional 8,483 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Reddit by 91.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 652 shares of the company’s stock valued at $150,000 after buying an additional 312 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Reddit by 36.9% in the 4th quarter. Marshall Wace LLP now owns 1,190,543 shares of the company’s stock valued at $273,670,000 after buying an additional 320,722 shares during the period.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Director Sarah E. Farrell materially increased her stake (large purchases spanning Feb. 10–11, ~50,500 shares cumulatively), an obvious insider vote of confidence that likely helped lift the stock. Reddit soars over 6% after director buys shares worth $7.48M
• Positive Sentiment: Reddit expanded ad distribution/measurement reach via integrations (Shirofune omnichannel ad workflow) that could boost ad demand and make buying Reddit inventory easier for agencies. Shirofune Integration Puts Reddit Ads Directly Into Omnichannel Budget Decisions
• Positive Sentiment: Meltwater earned Official Data Partner status with Reddit, a commercial/data partnership that broadens third‑party analytics and signals enterprise adoption of Reddit content for research/marketing. Meltwater Earns Official Data Partner Status with Reddit
• Positive Sentiment: Sell‑side commentary (Needham and others) highlights strong ad momentum and AI tools as sustainable growth drivers — supportive for sentiment if execution continues. Can Reddit (RDDT) Sustain Its Momentum? Needham Thinks So
• Neutral Sentiment: Reddit is a top searched ticker lately, which increases attention and intraday volatility but is not a direct fundamental catalyst. Investors Heavily Search Reddit Inc. (RDDT): Here is What You Need to Know
• Negative Sentiment: CTO Christopher Slowe sold ~11.5k shares (~6.5% cut to his position), a move markets often view as a cautionary signal when senior tech leadership reduces exposure. SEC filing: Form 4 — Christopher Slowe sale
• Negative Sentiment: Recent coverage notes a ~46% decline over the past month amid macro headwinds and ad competition; that magnitude of drawdown can pressure sentiment and trigger momentum selling. Reddit Stock Declines 46% in a Month: Should You Buy, Hold or Sell?

Analysts Set New Price Targets

RDDT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $285.00 price target on shares of Reddit in a research note on Tuesday, January 20th. The Goldman Sachs Group cut their target price on shares of Reddit from $236.00 to $206.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Sanford C. Bernstein lifted their price target on shares of Reddit from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Friday, October 31st. Robert W. Baird set a $200.00 price objective on shares of Reddit in a report on Friday, February 6th. Finally, Piper Sandler restated an “overweight” rating and set a $205.00 price objective (down previously from $290.00) on shares of Reddit in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $240.93.

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.