Strategic Blueprint LLC Makes New $580,000 Investment in Reddit Inc. $RDDT

Strategic Blueprint LLC bought a new position in Reddit Inc. (NYSE:RDDT) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,853 shares of the company’s stock, valued at approximately $580,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Reddit by 100.0% in the first quarter. CWM LLC now owns 256 shares of the company’s stock worth $27,000 after buying an additional 128 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Reddit in the first quarter worth approximately $31,000. Financial Perspectives Inc bought a new position in shares of Reddit in the second quarter worth approximately $34,000. Geneos Wealth Management Inc. lifted its stake in shares of Reddit by 344.6% in the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock worth $39,000 after buying an additional 286 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Reddit in the first quarter worth approximately $46,000.

Reddit Price Performance

Shares of RDDT opened at $214.64 on Friday. Reddit Inc. has a one year low of $79.02 and a one year high of $282.95. The firm has a market capitalization of $40.17 billion, a P/E ratio of 195.12, a PEG ratio of 3.27 and a beta of 2.23. The business has a fifty day moving average of $225.42 and a 200 day moving average of $166.61.

Reddit (NYSE:RDDT) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.25. Reddit had a net margin of 12.97% and a return on equity of 9.93%. The business had revenue of $499.63 million for the quarter, compared to the consensus estimate of $424.07 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s quarterly revenue was up 77.9% on a year-over-year basis. Reddit has set its Q3 2025 guidance at EPS. Analysts expect that Reddit Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Reddit

In other Reddit news, COO Jennifer L. Wong sold 40,967 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $220.38, for a total value of $9,028,307.46. Following the transaction, the chief operating officer directly owned 120,033 shares in the company, valued at approximately $26,452,872.54. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Vollero sold 30,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $218.09, for a total transaction of $6,542,700.00. Following the completion of the transaction, the chief financial officer owned 284,168 shares in the company, valued at $61,974,199.12. The trade was a 9.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 380,500 shares of company stock valued at $86,589,351 over the last three months. Insiders own 34.25% of the company’s stock.

Analyst Ratings Changes

RDDT has been the topic of several analyst reports. Bank of America upped their target price on shares of Reddit from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Guggenheim raised their target price on shares of Reddit from $165.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citigroup raised their target price on shares of Reddit from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Roth Capital set a $185.00 target price on shares of Reddit and gave the stock a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Reddit has a consensus rating of “Moderate Buy” and an average target price of $217.50.

Reddit Profile

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.