Sanctuary Advisors LLC Has $335,000 Stock Position in Reddit Inc. $RDDT

Posted by Francis Steltz on Jul 31st, 2026

Sanctuary Advisors LLC lessened its stake in shares of Reddit Inc. (NYSE:RDDT – Free Report) by 53.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,489 shares of the company’s stock after selling 2,859 shares during the quarter. Sanctuary Advisors LLC’s holdings in Reddit were worth $335,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in Reddit by 143.3% during the 1st quarter. NewEdge Advisors LLC now owns 7,982 shares of the company’s stock worth $837,000 after acquiring an additional 4,701 shares during the last quarter. Empowered Funds LLC bought a new position in Reddit in the first quarter valued at about $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Reddit by 106.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company’s stock valued at $22,759,000 after purchasing an additional 111,780 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Reddit by 40.8% during the first quarter. Focus Partners Wealth now owns 10,224 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,965 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Reddit by 344.6% during the first quarter. Geneos Wealth Management Inc. now owns 369 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RDDT shares. Zacks Research raised Reddit from a “hold” rating to a “strong-buy” rating in a research note on Monday. Jefferies Financial Group set a $250.00 target price on shares of Reddit in a research report on Friday, July 10th. Rothschild & Co Redburn set a $110.00 target price on shares of Reddit in a report on Monday, April 27th. Loop Capital restated a “buy” rating and issued a $260.00 price target on shares of Reddit in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $200.00 price target on shares of Reddit in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.23.

View Our Latest Report on RDDT

Reddit Trading Up 0.3%

Shares of RDDT stock opened at $178.53 on Friday. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of 51.01 and a beta of 1.93. The stock has a 50-day moving average of $176.74 and a 200-day moving average of $165.09. Reddit Inc. has a 1-year low of $119.27 and a 1-year high of $282.95.

Reddit (NYSE:RDDT – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.30. Reddit had a return on equity of 25.48% and a net margin of 28.60%.The company had revenue of $804.91 million for the quarter, compared to analyst estimates of $731.00 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. Sell-side analysts forecast that Reddit Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Jennifer L. Wong sold 39,167 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $158.52, for a total value of $6,208,752.84. Following the sale, the chief operating officer directly owned 1,088,451 shares of the company’s stock, valued at approximately $172,541,252.52. This represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Ladd Huffman sold 18,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $178.26, for a total transaction of $3,208,680.00. Following the sale, the chief executive officer owned 373,814 shares of the company’s stock, valued at approximately $66,636,083.64. This trade represents 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. In the last 90 days, insiders sold 169,141 shares of company stock worth $28,680,845. 28.48% of the stock is currently owned by insiders.

More Reddit News

Here are the key news stories impacting Reddit this week:

Positive Sentiment: Q2 revenue rose 61% year over year to $804.9 million, exceeding the $731 million consensus estimate, while adjusted earnings of $1.25 per share surpassed expectations of approximately $0.95. Net profit reached $253 million, compared with $0.45 per share a year earlier. Reddit Q2 earnings report
Positive Sentiment: Reddit forecast third-quarter revenue of $860 million to $870 million, above the $829.7 million analyst consensus. Management said AI-powered advertising tools are helping attract marketers and support commercial momentum. Reuters report on Reddit guidance
Positive Sentiment: KeyCorp upgraded Reddit to “Strong Buy,” adding to recent bullish analyst coverage ahead of the earnings release. KeyCorp upgrade report
Neutral Sentiment: CEO Steve Huffman argued that Google’s AI Overviews cannot yet replace the value of traditional “10 blue links,” but acknowledged that changes to search are affecting the broader web ecosystem. Reddit CEO comments on Google AI Overviews
Negative Sentiment: Investors remain worried that Google’s AI search summaries are reducing referrals to Reddit. Management described search traffic as “choppy,” and reports suggested Reddit could reconsider its roughly $60 million-a-year Google content deal if AI-driven search continues to divert traffic. Reddit search referral report
Negative Sentiment: U.S. user growth showed signs of slowing, increasing uncertainty about future engagement, advertising reach and the sustainability of Reddit’s elevated valuation. Consequently, the strong earnings “beat” did not prevent shares from retreating as AI-search risks dominated investor sentiment. TechCrunch analysis of Reddit earnings

About Reddit

(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.