6,500 Shares of Reddit Inc. $RDDT Bought by New Mexico Educational Retirement Board

Posted by Stanley Muller on Nov 12th, 2026

New Mexico Educational Retirement Board purchased a new stake in shares of Reddit Inc. (NYSE:RDDT – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 6,500 shares of the company’s stock, valued at approximately $926,000.

Other large investors have also recently modified their holdings of the company. Maryland State Retirement & Pension System grew its holdings in shares of Reddit by 16.8% during the third quarter. Maryland State Retirement & Pension System now owns 8,292 shares of the company’s stock worth $1,181,000 after purchasing an additional 1,194 shares in the last quarter. First Command Advisory Services Inc. increased its position in shares of Reddit by 171.1% in the third quarter. First Command Advisory Services Inc. now owns 572 shares of the company’s stock worth $81,000 after purchasing an additional 361 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Reddit by 4.8% in the third quarter. Illinois Municipal Retirement Fund now owns 78,838 shares of the company’s stock worth $11,230,000 after purchasing an additional 3,584 shares during the last quarter. Inspire Trust Co. N.A. increased its position in shares of Reddit by 50.0% in the third quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the company’s stock worth $4,273,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in Reddit by 51.1% in the third quarter. Lido Advisors LLC now owns 14,090 shares of the company’s stock valued at $2,007,000 after purchasing an additional 4,767 shares in the last quarter.

Analyst Upgrades and Downgrades

RDDT has been the subject of several research analyst reports. Telsey Advisory Group set a $240.00 target price on shares of Reddit in a research report on Friday, July 31st. Citigroup cut shares of Reddit from a “market outperform” rating to a “market perform” rating in a research note on Friday, October 30th. Deutsche Bank decreased their price target on shares of Reddit from $200.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Robert W. Baird set a $185.00 price objective on shares of Reddit in a research report on Friday, July 31st. Finally, Cantor Fitzgerald lowered their price objective on shares of Reddit from $170.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Two research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.00.

View Our Latest Stock Analysis on Reddit

Reddit Stock Up 7.0%

Shares of RDDT stock opened at $105.55 on Thursday. The business has a 50-day moving average price of $141.58 and a two-hundred day moving average price of $154.97. Reddit Inc. has a 12-month low of $89.28 and a 12-month high of $263.50. The firm has a market cap of $20.38 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 0.40 and a beta of 2.28.

Reddit (NYSE:RDDT – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.40 EPS 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. As a group, research analysts expect that Reddit Inc. will post 5.42 EPS for the current fiscal year.

Insider Transactions at Reddit

In related news, Director Mary Gale sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $96.00, for a total value of $384,000.00. Following the completion of the sale, the director owned 11,181 shares in the company, valued at $1,073,376. The trade was a 26.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steve Huffman sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $178.16, for a total value of $3,206,880.00. Following the completion of the sale, the chief executive officer directly owned 373,814 shares of the company’s stock, valued at approximately $66,598,702.24. This represents a 4.59% decrease in their position. 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. In the last quarter, insiders sold 295,052 shares of company stock valued at $47,550,483. 28.48% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Reddit

Here are a few of the latest headlines about RDDT:

Positive Sentiment: The company introduced Reddit Reviews, which uses AI to organize product-related community discussions into reviews and takeaways. The feature could strengthen Reddit’s appeal for product research and help monetize user activity. Reddit is turning user conversations into AI-powered product reviews
Positive Sentiment: Some Seeking Alpha commentary sees conversion traffic potential that may be underappreciated after the selloff, offering a counterpoint to concerns about Reddit’s user and traffic trends. Reddit’s 29% Earnings Selloff May Be Overlooking Conversion Traffic Potential
Neutral Sentiment: Guggenheim lowered its price target to $140 from $170 but kept a Buy rating, signaling a reduced valuation outlook while maintaining a positive recommendation. Guggenheim stock recommendations

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.