Reddit (NYSE:RDDT) Insider Benjamin Seong Lee Sells 27,930 Shares

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 27,930 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $260.08, for a total value of $7,264,034.40. Following the transaction, the insider owned 62,608 shares of the company’s stock, valued at $16,283,088.64. This represents a 30.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Benjamin Seong Lee also recently made the following trade(s):

• On Friday, January 9th, Benjamin Seong Lee sold 3,320 shares of Reddit stock. The stock was sold at an average price of $260.22, for a total value of $863,930.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The shares were 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 stock was 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 traded down $9.24 during mid-day trading on Friday, hitting $244.71. 5,537,837 shares of the company’s stock traded hands, compared to its average volume of 3,422,567. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95. The company’s 50-day moving average is $218.41 and its two-hundred day moving average is $206.87. The company has a market capitalization of $46.37 billion, a P/E ratio of 140.64, a PEG ratio of 1.71 and a beta of 2.17.

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

Reddit News Roundup

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

Institutional Trading of Reddit

Several institutional investors and hedge funds have recently modified their holdings of RDDT. Huntington National Bank lifted its stake in shares of Reddit by 25.6% during the 3rd quarter. Huntington National Bank now owns 270 shares of the company’s stock worth $62,000 after purchasing an additional 55 shares during the last quarter. Roxbury Financial LLC raised its holdings in Reddit by 7.4% in the fourth quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock worth $214,000 after purchasing an additional 64 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Reddit by 0.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock valued at $3,023,000 after buying an additional 65 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Reddit by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock valued at $567,000 after buying an additional 66 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of Reddit by 5.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock valued at $331,000 after buying an additional 69 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RDDT shares. Cannonball Research reaffirmed a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Morgan Stanley reissued an “overweight” rating and issued a $250.00 price objective on shares of Reddit in a research note on Friday, October 31st. Citigroup boosted their target price on Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Reddit in a research note on Monday, December 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $236.00 price target on shares of Reddit in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.58.

About Reddit

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.