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

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 3,320 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $7,264,034.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The stock was sold at an average price of $240.00, for a total value of $4,500,000.00.
• On Tuesday, December 16th, Benjamin Seong Lee sold 55,005 shares of Reddit stock. The shares were 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 Price Performance

Shares of NYSE:RDDT opened at $244.71 on Friday. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 140.64, a P/E/G ratio of 1.71 and a beta of 2.17. The company has a 50 day moving average of $218.41 and a 200-day moving average of $206.87. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95.

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

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RDDT shares. Zacks Research lowered Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Bank of America increased their price target on shares of Reddit from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Argus set a $300.00 price objective on shares of Reddit in a report on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $236.00 target price on shares of Reddit in a research note on Tuesday, October 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Reddit in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and a consensus price target of $232.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RDDT. SG Americas Securities LLC raised its holdings in shares of Reddit by 76.7% during the fourth quarter. SG Americas Securities LLC now owns 38,629 shares of the company’s stock worth $8,880,000 after acquiring an additional 16,763 shares during the period. Capital CS Group LLC acquired a new position in Reddit in the 4th quarter worth $436,000. Fulton Bank N.A. raised its stake in shares of Reddit by 6.0% in the 4th quarter. Fulton Bank N.A. now owns 1,493 shares of the company’s stock valued at $343,000 after purchasing an additional 85 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Reddit by 10.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,760 shares of the company’s stock valued at $4,508,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Reddit by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 1,151,360 shares of the company’s stock valued at $265,273,000 after purchasing an additional 47,187 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.