Reddit (NYSE:RDDT) CTO Sells $1,716,619.36 in Stock

Reddit Inc. (NYSE:RDDT) CTO Christopher Brian Slowe sold 11,464 shares of Reddit stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $149.74, for a total value of $1,716,619.36. Following the sale, the chief technology officer directly owned 165,694 shares in the company, valued at $24,811,019.56. This trade represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Christopher Brian Slowe also recently made the following trade(s):

• On Thursday, January 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $212.61, for a total value of $2,976,540.00.
• On Thursday, January 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The shares were sold at an average price of $253.88, for a total transaction of $3,554,320.00.
• On Monday, December 22nd, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $233.53, for a total transaction of $3,269,420.00.
• On Monday, December 8th, Christopher Brian Slowe sold 14,000 shares of Reddit stock. The stock was sold at an average price of $233.99, for a total transaction of $3,275,860.00.
• On Monday, November 24th, Christopher Brian Slowe sold 24,000 shares of Reddit stock. The shares were sold at an average price of $192.72, for a total transaction of $4,625,280.00.

Reddit Stock Performance

Shares of NYSE RDDT opened at $139.62 on Friday. The company has a market cap of $26.46 billion, a P/E ratio of 53.29, a P/E/G ratio of 1.04 and a beta of 2.17. Reddit Inc. has a 52-week low of $79.75 and a 52-week high of $282.95. The firm’s fifty day moving average is $212.78 and its two-hundred day moving average is $214.87.

Reddit (NYSE:RDDT) last issued its quarterly earnings data 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 return on equity of 20.89% and a net margin of 24.05%.The firm had revenue of $725.61 million during the quarter, compared to analyst estimates of $665.80 million. During the same quarter last year, the business posted $0.36 earnings per share. The business’s quarterly revenue was up 69.7% compared to the same quarter last year. As a group, analysts forecast that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Reddit

Several large investors have recently added to or reduced their stakes in RDDT. Raiffeisen Bank International AG purchased a new position in shares of Reddit during the third quarter worth approximately $25,000. GW&K Investment Management LLC bought a new position in Reddit in the third quarter worth approximately $30,000. Cornerstone Planning Group LLC increased its holdings in Reddit by 13,500.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock worth $31,000 after purchasing an additional 135 shares during the period. LOM Asset Management Ltd bought a new stake in Reddit during the 4th quarter valued at $33,000. Finally, Financial Perspectives Inc purchased a new stake in shares of Reddit in the 2nd quarter worth $34,000.

Analyst Ratings Changes

A number of research firms recently issued reports on RDDT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $285.00 price target on shares of Reddit in a research note on Tuesday, January 20th. Truist Financial increased their price target on shares of Reddit from $270.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 6th. Cantor Fitzgerald lowered their price target on Reddit from $240.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. B. Riley Securities lifted their price target on shares of Reddit from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Reddit in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $240.93.

More Reddit News

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?

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.