Cookson Peirce & Co. Inc. Grows Stock Position in Reddit Inc. $RDDT

Cookson Peirce & Co. Inc. increased its stake in shares of Reddit Inc. (NYSE:RDDT) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 172,301 shares of the company’s stock after purchasing an additional 5,233 shares during the period. Reddit makes up 1.6% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 16th largest holding. Cookson Peirce & Co. Inc.’s holdings in Reddit were worth $39,628,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in shares of Reddit by 13,500.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock worth $31,000 after acquiring an additional 135 shares during the period. Financial Perspectives Inc purchased a new position in Reddit during the second quarter worth about $34,000. Geneos Wealth Management Inc. lifted its position in Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC lifted its position in Reddit by 8,650.0% in the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 173 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in Reddit in the 3rd quarter valued at approximately $47,000.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: New ad integration with Shirofune should make Reddit ads easier to buy and optimize alongside major channels, strengthening ad demand and advertiser ROI expectations. This supports revenue growth prospects. Read More.
• Positive Sentiment: Director Sarah E. Farrell bought a large stake (43,800 shares on 2/10 and 6,700 shares on 2/11), increasing her position materially — a strong insider vote of confidence that can be viewed as bullish by the market. Read More.
• Positive Sentiment: Sell‑side commentary (Needham) and coverage noting Reddit’s ad momentum and AI tools argue the company can sustain growth, which could support multiple expansion if execution continues. Read More.
• Neutral Sentiment: Reddit is a hot search topic among investors — increased attention can amplify volatility (both up and down) but does not itself change fundamentals. Read More.
• Negative Sentiment: CTO Christopher Slowe sold 11,464 shares (~6.5% reduction in his holding), which markets often view as a negative signal when insiders reduce exposure. Read More.
• Negative Sentiment: Multiple headlines cite that Reddit shares plunged and fell ~46% over the past month amid macro pressure and competition; that magnitude of recent drawdown can trigger momentum selling and dampen near‑term sentiment. Read More.
• Negative Sentiment: Coverage summarizing why shares plunged points to macro headwinds and competitive risks to ad monetization — factors that could pressure revenue growth and multiples if they persist. Read More.

Insiders Place Their Bets

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $183.18, for a total transaction of $3,297,240.00. Following the completion of the transaction, the chief executive officer directly owned 448,576 shares of the company’s stock, valued at $82,170,151.68. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Vollero sold 3,674 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $261.21, for a total value of $959,685.54. Following the completion of the sale, the chief financial officer directly owned 251,644 shares in the company, valued at approximately $65,731,929.24. The trade was a 1.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 502,975 shares of company stock valued at $109,585,305. Corporate insiders own 34.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RDDT. Piper Sandler reissued an “overweight” rating and issued a $205.00 price target (down from $290.00) on shares of Reddit in a report on Friday, February 6th. B. Riley Securities raised their target price on Reddit from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 6th. B. Riley Financial boosted their target price on shares of Reddit from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Sanford C. Bernstein upped their price target on shares of Reddit from $190.00 to $210.00 and gave the stock a “market perform” rating in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Reddit from $227.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.93.

Reddit Stock Down 6.0%

Shares of RDDT stock opened at $130.95 on Friday. The stock has a market cap of $24.82 billion, a P/E ratio of 49.98, a P/E/G ratio of 1.03 and a beta of 2.17. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The business has a fifty day simple moving average of $214.67 and a 200-day simple moving average of $214.47.

Reddit (NYSE:RDDT) last issued its quarterly earnings data on Thursday, February 5th. The company reported $1.24 EPS 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 firm had revenue of $725.61 million for the quarter, compared to analysts’ expectations of $665.80 million. During the same period in the prior year, the company earned $0.36 EPS. The firm’s revenue was up 69.7% on a year-over-year basis. On average, sell-side analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Reddit 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.