Rooted Wealth Advisors Inc. Makes New Investment in Reddit Inc. $RDDT

Rooted Wealth Advisors Inc. acquired a new stake in Reddit Inc. (NYSE:RDDT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,368 shares of the company’s stock, valued at approximately $775,000.

A number of other hedge funds have also recently modified their holdings of RDDT. Financial Perspectives Inc acquired a new stake in Reddit during the second quarter worth about $34,000. Geneos Wealth Management Inc. grew its position in 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 buying an additional 286 shares during the period. GAMMA Investing LLC grew its position in Reddit by 8,650.0% during the third quarter. GAMMA Investing LLC now owns 175 shares of the company’s stock valued at $40,000 after buying an additional 173 shares during the period. Advisors Asset Management Inc. raised its position in shares of Reddit by 68.2% in the second quarter. Advisors Asset Management Inc. now owns 365 shares of the company’s stock worth $55,000 after acquiring an additional 148 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Reddit during the 2nd quarter worth about $60,000.

Insider Activity

In other news, insider Benjamin Seong Lee sold 55,005 shares of Reddit stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $221.21, for a total transaction of $12,167,656.05. Following the sale, the insider owned 62,608 shares of the company’s stock, valued at approximately $13,849,515.68. The trade was a 46.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $194.81, for a total value of $3,506,580.00. Following the completion of the transaction, the chief executive officer owned 485,958 shares in the company, valued at $94,669,477.98. This represents a 3.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 461,333 shares of company stock valued at $96,309,724 over the last three months. 34.25% of the stock is currently owned by company insiders.

Reddit Stock Performance

NYSE RDDT opened at $234.70 on Tuesday. The stock’s fifty day moving average is $212.00 and its two-hundred day moving average is $200.97. The firm has a market capitalization of $44.48 billion, a P/E ratio of 134.88, a price-to-earnings-growth ratio of 2.49 and a beta of 2.17. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. The business had revenue of $584.91 million during the quarter, compared to the consensus estimate of $546.65 million. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company’s revenue for the quarter was up 67.9% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, sell-side analysts forecast that Reddit Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RDDT shares. Cannonball Research reiterated a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Zacks Research cut shares of Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday. Truist Financial set a $270.00 price objective on shares of Reddit in a report on Friday, October 31st. The Goldman Sachs Group reissued a “neutral” rating and set a $236.00 target price on shares of Reddit in a research note on Tuesday, October 14th. Finally, Bank of America lifted their price objective on Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Reddit currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reiterated a “buy” rating and set a $300 price target, signaling sizable upside vs. current levels and helping attract momentum buyers. Read More.
• Positive Sentiment: Coverage arguing Reddit is emerging as an “AI search winner” highlights its large, topical user‑generated content base as valuable training/quality signal for AI summaries — a fundamental growth story that could boost ad revenue and pricing power. Read More.
• Positive Sentiment: Investor’s Business Daily named Reddit an AI‑driven 2026 pick, amplifying bullish retail and growth‑fund interest and reinforcing the narrative that Reddit’s AI strategy can sustain multiple expansion. Read More.
• Positive Sentiment: Recent write‑ups pointing to decent recent performance and improving fundamentals support continued investor interest and help justify the stock’s run. Read More.
• Neutral Sentiment: Market commentary flags that RDDT “nears a key juncture” from a technical perspective — this is watch‑list information for traders (possible breakout or pullback) but not a fundamental catalyst by itself. Read More.
• Neutral Sentiment: Broader industry pieces on AI trends for 2026 provide context (how platform content will be used by AI), useful for the long‑term thesis but not an immediate stock mover. Read More.
• Negative Sentiment: Reddit CTO Christopher Slowe sold 14,000 shares (Dec. 22), trimming his stake ~7.5%; repeated insider sales can create short‑term selling pressure or raise governance questions for risk‑sensitive investors. Read More.
• Negative Sentiment: A Seeking Alpha piece says the author is “impressed but not enough for a buy,” highlighting valuation and execution concerns that may temper enthusiasm among more conservative investors. Read More.

About Reddit

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.