Reddit (NYSE:RDDT) CEO Steve Ladd Huffman Sells 17,308 Shares of Stock

Posted by Brian Himes on Sep 18th, 2026

Reddit Inc. (NYSE:RDDT – Get Free Report) CEO Steve Huffman sold 17,308 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $160.11, for a total value of $2,771,183.88. Following the transaction, the chief executive officer directly owned 336,432 shares of the company’s stock, valued at $53,866,127.52. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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, August 31st, Steve Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $148.02, for a total transaction of $2,664,360.00.
On Friday, August 14th, Steve Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $178.16, for a total transaction of $3,206,880.00.
On Tuesday, August 4th, Steve Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $159.78, for a total transaction of $2,876,040.00.
On Tuesday, June 30th, Steve Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $173.13, for a total transaction of $3,116,340.00.

Reddit Price Performance

NYSE:RDDT opened at $152.82 on Friday. Reddit Inc. has a one year low of $119.27 and a one year high of $282.95. The company’s 50-day simple moving average is $163.89 and its 200 day simple moving average is $159.52. The firm has a market capitalization of $29.40 billion, a P/E ratio of 35.54, a PEG ratio of 0.73 and a beta of 2.02.

Reddit (NYSE:RDDT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.30. Reddit had a net margin of 31.35% and a return on equity of 29.02%. The business had revenue of $804.91 million during the quarter, compared to the consensus estimate of $731.00 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, equities research analysts expect that Reddit Inc. will post 5.27 earnings per share for the current fiscal year.

Institutional Trading of Reddit

Several institutional investors have recently added to or reduced their stakes in RDDT. Capital World Investors purchased a new position in Reddit in the 4th quarter worth approximately $1,293,258,000. Geode Capital Management LLC grew its holdings in 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 buying an additional 106,821 shares in the last quarter. Norges Bank bought a new stake in shares of Reddit during the fourth quarter valued at approximately $372,047,000. Wellington Management Group LLP raised its position in shares of Reddit by 21.8% during the second quarter. Wellington Management Group LLP now owns 1,564,535 shares of the company’s stock valued at $271,572,000 after buying an additional 280,030 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Reddit by 30.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,263,529 shares of the company’s stock worth $290,447,000 after buying an additional 293,743 shares in the last quarter.

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

Positive Sentiment: Guggenheim maintained a Buy rating on Reddit, providing continued analyst support for the shares. The broader analyst consensus remains “Moderate Buy,” with an average price target of $221.10. Guggenheim remains a Buy on Reddit
Positive Sentiment: Reddit’s latest results showed strong operating momentum: quarterly revenue rose 61% year over year to $804.9 million, exceeding expectations, while adjusted earnings also beat consensus. This performance supports the long-term growth case, although it is not a new announcement in this news cycle.
Neutral Sentiment: Co-founder Alexis Ohanian said the technology industry has been “tone deaf” in communicating artificial-intelligence risks. His comments focus on improving the public debate around AI and do not indicate a change to Reddit’s strategy or financial outlook. Reddit co-founder discusses AI risks
Negative Sentiment: COO Jennifer Wong sold 60,000 Reddit shares for approximately $9.7 million, reducing her direct ownership by 5.6%. CEO Steve Huffman separately sold 17,308 shares worth about $2.8 million. Both transactions were conducted under pre-arranged Rule 10b5-1 trading plans, which can reduce their significance as discretionary bearish signals, but the combined selling may still weigh on sentiment. Reddit COO insider sale Reddit CEO SEC filing

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group set a $250.00 price objective on Reddit in a research report on Friday, July 10th. Citigroup reissued a “market outperform” rating on shares of Reddit in a research note on Monday, August 24th. Weiss Ratings restated a “hold (c)” rating on shares of Reddit in a report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $180.00 price target on shares of Reddit in a research report on Friday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Reddit in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $221.10.

View Our Latest Report on RDDT

About Reddit

(Get Free Report)

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and discussions. Users can submit posts, links, images and videos, while community members can comment, vote and interact through publicly accessible forums known as subreddits.

The company generates revenue primarily through digital advertising and also offers premium memberships and other paid products. Reddit additionally provides data licensing and developer-related services that support the use of its platform content and technology.

Founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz, Reddit serves users worldwide across a broad range of communities.