Polar Capital Holdings Plc Sells 216,179 Shares of Reddit Inc. $RDDT

Posted by Brenda Bartman on Jun 17th, 2026

Polar Capital Holdings Plc lowered its holdings in shares of Reddit Inc. (NYSE:RDDT – Free Report) by 28.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 542,583 shares of the company’s stock after selling 216,179 shares during the period. Polar Capital Holdings Plc’s holdings in Reddit were worth $124,724,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RDDT. Waterway Wealth Management LLC grew its position in shares of Reddit by 69.1% during the 4th quarter. Waterway Wealth Management LLC now owns 6,639 shares of the company’s stock worth $1,526,000 after buying an additional 2,714 shares during the period. Oddo BHF Asset Management Sas bought a new position in Reddit during the fourth quarter worth $8,739,000. Munro Partners grew its holdings in Reddit by 15.4% in the fourth quarter. Munro Partners now owns 41,550 shares of the company’s stock worth $9,551,000 after purchasing an additional 5,550 shares during the period. Okabena Investment Services Inc. grew its holdings in Reddit by 7.5% in the fourth quarter. Okabena Investment Services Inc. now owns 7,409 shares of the company’s stock worth $1,703,000 after purchasing an additional 520 shares during the period. Finally, Silvant Capital Management LLC increased its stake in Reddit by 16.6% in the fourth quarter. Silvant Capital Management LLC now owns 41,953 shares of the company’s stock valued at $9,644,000 after purchasing an additional 5,978 shares in the last quarter.

Reddit Stock Performance

Reddit stock opened at $175.66 on Wednesday. Reddit Inc. has a fifty-two week low of $119.27 and a fifty-two week high of $282.95. The firm’s 50-day simple moving average is $159.09 and its 200 day simple moving average is $176.27. The stock has a market cap of $33.82 billion, a PE ratio of 50.19 and a beta of 1.91.

Reddit (NYSE:RDDT – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The firm had revenue of $663.41 million during the quarter, compared to analyst estimates of $607.74 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 69.1% on a year-over-year basis. As a group, analysts predict that Reddit Inc. will post 4.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RDDT shares. Citigroup reiterated a “market outperform” rating on shares of Reddit in a report on Tuesday, May 26th. Wells Fargo & Company upped their price target on Reddit from $149.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wall Street Zen lowered Reddit from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Truist Financial set a $265.00 price objective on Reddit in a report on Friday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Reddit in a report on Friday, May 1st. Eighteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Reddit presently has a consensus rating of “Moderate Buy” and an average target price of $230.75.

Get Our Latest Research Report on Reddit

Insider Activity

In related news, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $174.13, for a total transaction of $3,134,340.00. Following the completion of the sale, the chief executive officer directly owned 373,814 shares of the company’s stock, valued at approximately $65,092,231.82. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Christopher Brian Slowe sold 15,500 shares of Reddit stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $150.67, for a total value of $2,335,385.00. Following the sale, the chief technology officer owned 38,413 shares in the company, valued at $5,787,686.71. This trade represents a 28.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 193,334 shares of company stock valued at $30,507,093 over the last three months. Corporate insiders own 28.48% of the company’s stock.

Reddit Profile

(Free Report)

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.

Polar Capital Holdings Plc Sells 216,179 Shares of Reddit Inc. $RDDT

Reddit Stock Performance

Analyst Upgrades and Downgrades

Insider Activity

Reddit Profile

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