Jennifer Wong Sells 39,167 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) COO Jennifer Wong sold 39,167 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $234.37, for a total value of $9,179,569.79. Following the completion of the transaction, the chief operating officer directly owned 1,184,528 shares in the company, valued at approximately $277,617,827.36. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Reddit Trading Down 3.2%

Shares of NYSE:RDDT traded down $7.40 during trading on Tuesday, hitting $225.76. 3,477,600 shares of the stock were exchanged, compared to its average volume of 4,327,709. Reddit Inc. has a 12-month low of $79.75 and a 12-month high of $282.95. The company has a market cap of $42.78 billion, a PE ratio of 133.99, a P/E/G ratio of 2.57 and a beta of 2.17. The company has a fifty day moving average price of $209.12 and a two-hundred day moving average price of $197.08.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Reddit from $155.00 to $174.00 and gave the company a “cautious” rating in a research report on Tuesday, October 7th. Cannonball Research restated a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Truist Financial set a $270.00 target price on shares of Reddit in a research report on Friday, October 31st. B. Riley restated a “buy” rating and set a $245.00 price target (up from $235.00) on shares of Reddit in a report on Friday, October 31st. Finally, Robert W. Baird lifted their price objective on shares of Reddit from $177.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Reddit currently has an average rating of “Moderate Buy” and an average target price of $230.28.

Reddit News Summary

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham named RDDT a top pick for 2026 and added it to its “Conviction Buy” list, setting a $300 price target (roughly ~33% upside from current levels) while citing ad-business growth and AI/content-licensing opportunities. Barron’s: Needham Top Pick
• Positive Sentiment: Reddit reported strong monetization trends: ARPU rose ~41% in Q3 2025 driven by advertiser growth, improved ad tools and higher global engagement — a clear fundamental support for revenue/earnings upside. Zacks: ARPU Growth
• Positive Sentiment: Company initiatives to expand digital engagement and build community-platform integrations were highlighted as drivers of user/time-on-site and ad inventory growth — a strategic plus for ad revenue scaling. Kalkine: Digital Engagement
• Neutral Sentiment: Options/flow commentary (video) flags optimism from traders after the Needham call, but options chatter can amplify swings without changing fundamentals. YouTube: Options Corner
• Negative Sentiment: Insider selling: COO Jennifer L. Wong sold 39,167 shares (~$9.18M) on Dec 19; her remaining stake still sizable but the sale is a near-term negative signal for sentiment. SEC filing: SEC Form 4

Hedge Funds Weigh In On Reddit

A number of hedge funds and other institutional investors have recently bought and sold shares of RDDT. Keel Point LLC acquired a new position in Reddit in the 3rd quarter valued at $292,000. Allworth Financial LP increased its holdings in Reddit by 52.4% in the third quarter. Allworth Financial LP now owns 2,001 shares of the company’s stock valued at $460,000 after purchasing an additional 688 shares during the period. IFP Advisors Inc lifted its stake in shares of Reddit by 9.9% in the third quarter. IFP Advisors Inc now owns 796 shares of the company’s stock worth $183,000 after acquiring an additional 72 shares during the period. Swiss Life Asset Management Ltd boosted its stake in shares of Reddit by 309.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 19,605 shares of the company’s stock valued at $4,509,000 after purchasing an additional 14,813 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Reddit by 8.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 14,247 shares of the company’s stock worth $3,277,000 after acquiring an additional 1,149 shares in the last quarter.

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.