Reddit (NYSE:RDDT) CEO Steve Ladd Huffman Sells 18,000 Shares of Stock

Reddit Inc. (NYSE:RDDT) CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $132.86, for a total transaction of $2,391,480.00. Following the transaction, the chief executive officer owned 411,195 shares of the company’s stock, valued at approximately $54,631,367.70. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Steve Ladd Huffman also recently made the following trade(s):

• On Friday, February 27th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $145.12, for a total value of $2,612,160.00.
• On Friday, February 13th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $138.81, for a total value of $2,498,580.00.
• On Friday, January 30th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $183.18, for a total transaction of $3,297,240.00.
• On Thursday, January 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $232.78, for a total transaction of $4,190,040.00.
• On Wednesday, December 31st, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $230.76, for a total transaction of $4,153,680.00.

Reddit Trading Up 2.9%

Shares of Reddit stock opened at $144.00 on Wednesday. The firm’s 50 day moving average is $173.34 and its 200 day moving average is $203.70. The firm has a market capitalization of $27.51 billion, a PE ratio of 54.96, a price-to-earnings-growth ratio of 1.02 and a beta of 2.40. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95.

Reddit (NYSE:RDDT) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.28. The company had revenue of $725.61 million for the quarter, compared to the consensus estimate of $665.80 million. Reddit had a return on equity of 20.89% and a net margin of 24.05%.Reddit’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. As a group, research analysts anticipate that Reddit Inc. will post 1.12 earnings per share for the current year.

Institutional Trading of Reddit

A number of hedge funds and other institutional investors have recently bought and sold shares of RDDT. Raiffeisen Bank International AG bought a new stake in shares of Reddit in the 3rd quarter worth $25,000. GW&K Investment Management LLC bought a new position in shares of Reddit during the third quarter valued at about $30,000. Cornerstone Planning Group LLC lifted its position in shares of Reddit by 13,500.0% during the third quarter. Cornerstone Planning Group LLC now owns 136 shares of the company’s stock valued at $31,000 after purchasing an additional 135 shares in the last quarter. LOM Asset Management Ltd purchased a new position in Reddit during the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC purchased a new position in Reddit during the fourth quarter worth about $34,000.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Strong Q4 fundamentals: recent coverage highlights a huge quarter — revenue up ~70% YoY and meaningful ARPU/monetization gains — which supports the case for continued ad growth and the stock’s re-rating. Reddit Stock: Why It May Finally Be Time to Buy the Dip
• Positive Sentiment: Director Sarah E. Farrell bought 10,500 shares (~$1.39M at ~$132.26), increasing her stake by ~20.8% — a direct insider buy that investors often view as a confidence signal. SEC Filing – Farrell Purchase
• Positive Sentiment: Bullish analyst/coverage momentum: the stock has an average “Moderate Buy” and several bullish pieces argue Reddit is underpriced given rapid ad monetization and AI-driven engagement. Average Recommendation Moderate Buy Is Reddit a Good Stock Now?
• Positive Sentiment: Ad product expansion: a PulsePoint partnership spotlights growth in higher-value healthcare advertising, reinforcing TAM and monetization upside. Reddit’s PulsePoint Tie Up Highlights Healthcare Ads
• Neutral Sentiment: Buyback ambition noted in reporting — potentially supportive for shares but details/timing remain unclear, so impact depends on execution. Surging Q4 Results, Buyback Ambition
• Neutral Sentiment: Competitive/regulatory context: comparisons to Meta highlight Reddit’s faster ad growth and product momentum, but scale and regulatory environment differ — this frames upside potential but with caveats. RDDT vs META: Which Has an Edge?
• Negative Sentiment: CEO Steve Huffman sold 18,000 shares (~$2.39M at ~$132.86). Insider sales can prompt short-term caution even when management retains a large stake. SEC Filing – Huffman Sale
• Negative Sentiment: Regulatory risk flagged alongside strong results — while earnings and monetization look good, potential regulatory scrutiny in ad/content areas is a recurring downside risk for large social platforms. Regulatory Risk Discussed

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RDDT. Cantor Fitzgerald dropped their target price on shares of Reddit from $240.00 to $170.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Zacks Research downgraded shares of Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. The Goldman Sachs Group dropped their price objective on shares of Reddit from $236.00 to $206.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Jefferies Financial Group cut their price objective on shares of Reddit from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, China Renaissance started coverage on Reddit in a research note on Tuesday, December 9th. They issued a “buy” rating and a $300.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $242.19.

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.