Reddit (NYSE:RDDT) CEO Sells $3,116,340.00 in Stock

Posted by on Jul 5th, 2026

Reddit Inc. (NYSE:RDDT – Get Free Report) CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $173.13, for a total value of $3,116,340.00. Following the completion of the transaction, the chief executive officer directly owned 373,814 shares in the company, valued at $64,718,417.82. This represents a 4.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, June 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $178.26, for a total value of $3,208,680.00.
  • On Friday, May 29th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $174.13, for a total value of $3,134,340.00.
  • On Friday, May 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $157.15, for a total value of $2,828,700.00.
  • On Tuesday, May 5th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $171.80, for a total value of $3,092,400.00.
  • On Wednesday, April 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $158.40, for a total value of $2,851,200.00.

Reddit Stock Down 0.1%

Shares of NYSE RDDT opened at $194.57 on Friday. Reddit Inc. has a 12 month low of $119.27 and a 12 month high of $282.95. The company has a market cap of $37.46 billion, a price-to-earnings ratio of 55.59 and a beta of 1.93. The business has a fifty day simple moving average of $164.92 and a 200-day simple moving average of $171.91.

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

Institutional Trading of Reddit

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Reddit by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 13,322,048 shares of the company’s stock valued at $3,062,339,000 after buying an additional 1,083,540 shares during the period. Capital World Investors acquired a new stake in shares of Reddit during the 4th quarter valued at $1,293,258,000. State Street Corp boosted its stake in shares of Reddit by 6.0% during the 4th quarter. State Street Corp now owns 2,631,332 shares of the company’s stock valued at $604,864,000 after buying an additional 149,401 shares during the period. Geode Capital Management LLC grew its holdings in shares of Reddit by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 2,382,712 shares of the company’s stock valued at $546,789,000 after acquiring an additional 106,821 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Reddit by 11.4% during the 4th quarter. Morgan Stanley now owns 2,372,443 shares of the company’s stock valued at $545,354,000 after acquiring an additional 242,709 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citizens Jmp dropped their target price on shares of Reddit from $250.00 to $240.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Reddit from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $215.00 price objective (up from $205.00) on shares of Reddit in a research note on Friday, May 1st. Citigroup reissued a “market outperform” rating on shares of Reddit in a research note on Tuesday, May 26th. Finally, Zacks Research lowered Reddit from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $230.75.

Read Our Latest Stock Analysis on RDDT

Reddit Company Profile

(Get 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.

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Insider Buying and Selling by Quarter for Reddit (NYSE:RDDT)

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