Reddit Inc. $RDDT Stock Purchased by Inspire Trust Co. N.A.

Posted by Stanley Muller on Nov 11th, 2026

Inspire Trust Co. N.A. lifted its position in shares of Reddit Inc. (NYSE:RDDT – Free Report) by 50.0% in the 3rd quarter, Holdings Channel reports. The fund owned 30,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Reddit were worth $4,273,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Reddit by 8.7% in the 2nd quarter. State Street Corp now owns 2,979,587 shares of the company’s stock valued at $517,197,000 after acquiring an additional 237,523 shares during the period. Wellington Management Group LLP increased its stake in shares of Reddit by 21.8% in the second quarter. Wellington Management Group LLP now owns 1,564,535 shares of the company’s stock worth $271,572,000 after purchasing an additional 280,030 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Reddit by 74.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 809,063 shares of the company’s stock worth $115,243,000 after purchasing an additional 345,735 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Reddit by 8.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,893 shares of the company’s stock valued at $83,647,000 after purchasing an additional 39,540 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Reddit by 2.4% in the first quarter. Bessemer Group Inc. now owns 469,907 shares of the company’s stock valued at $63,273,000 after purchasing an additional 10,996 shares during the period.

Insider Activity at Reddit

In other Reddit news, Director Robert A. Sauerberg sold 5,128 shares of Reddit stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $159.92, for a total transaction of $820,069.76. Following the completion of the sale, the director directly owned 27,087 shares in the company, valued at $4,331,753.04. The trade was a 15.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Steve Huffman sold 18,000 shares of Reddit stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $178.16, for a total transaction of $3,206,880.00. Following the sale, the chief executive officer owned 373,814 shares of the company’s stock, valued at approximately $66,598,702.24. The trade was a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 295,052 shares of company stock valued at $47,550,483 in the last ninety days. 28.48% of the stock is currently owned by company insiders.

Reddit Stock Down 2.3%

Shares of NYSE RDDT opened at $98.48 on Wednesday. The firm has a market capitalization of $19.02 billion, a P/E ratio of 20.10, a P/E/G ratio of 0.41 and a beta of 2.28. The stock’s 50-day simple moving average is $142.35 and its two-hundred day simple moving average is $155.53. Reddit Inc. has a twelve month low of $89.28 and a twelve month high of $263.50.

Reddit (NYSE:RDDT – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. The firm had revenue of $894.96 million for the quarter, compared to analysts’ expectations of $874.91 million. Reddit had a return on equity of 30.57% and a net margin of 32.10%. The company’s revenue was up 53.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. As a group, research analysts anticipate that Reddit Inc. will post 5.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp downgraded shares of Reddit from an “overweight” rating to a “sector weight” rating in a report on Friday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Reddit in a report on Tuesday, November 3rd. JPMorgan Chase & Co. lowered their target price on shares of Reddit from $185.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. DA Davidson dropped their target price on Reddit from $185.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Finally, B. Riley Financial cut their price target on Reddit from $270.00 to $190.00 and set a “buy” rating for the company in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Reddit has an average rating of “Moderate Buy” and a consensus price target of $180.00.

Check Out Our Latest Stock Report on Reddit

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

Positive Sentiment: Reddit launched Reddit Reviews, which uses AI to organize community discussions into product reviews and key takeaways. The feature could make Reddit more useful for product research and create opportunities to convert user activity into revenue. Reddit is turning user conversations into AI-powered product reviews
Positive Sentiment: A Seeking Alpha analysis argues that the selloff may discount the potential value of conversion traffic, suggesting investors may be underestimating Reddit’s ability to turn visitors into users and customers. Reddit’s 29% Earnings Selloff May Be Overlooking Conversion Traffic Potential
Neutral Sentiment: Guggenheim cut its price target to $140 from $170 but maintained a Buy rating. The lower target reflects a more cautious outlook, while the rating indicates the firm still sees potential upside. Guggenheim stock recommendations
Negative Sentiment: Google search traffic is a key concern: Reddit’s COO said more than 80% of monetization comes from logged-in users, leaving the remaining portion more exposed to Google’s pressure on traffic. That risk may contribute to investor worries about future growth. Reddit COO Says “Over 80% of Our Monetization” Is Logged In. Google Is Squeezing the Rest
Negative Sentiment: Two law firms announced securities investigations following the reported 29.2% share drop. These are investigations, not findings of wrongdoing, but the announcements add legal uncertainty and negative headlines. Block & Leviton investigation announcement Kirby McInerney investigation announcement
Negative Sentiment: Director Mary Gale sold 4,000 shares for $384,000, reducing her reported holdings by 26.35%. Insider sales can have varied motivations, but may add to cautious sentiment. SEC Form 4 filing

Reddit Company Profile

(Free Report)

Reddit, Inc. operates Reddit, an online platform where users share posts, discuss topics and participate in communities known as subreddits. Members can submit text, images, videos and links, comment on posts, and vote on content, helping shape what appears in each community. The company generates revenue primarily through advertising and also offers paid subscriptions and other products. Reddit serves users and advertisers around the world through its website and mobile applications. Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz.