Benjamin Seong Lee Sells 3,320 Shares of Reddit (NYSE:RDDT) Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 3,320 shares of Reddit stock in a transaction on Friday, January 9th. The shares were sold at an average price of $260.22, for a total value of $863,930.40. Following the sale, the insider directly owned 62,608 shares of the company’s stock, valued at approximately $16,291,853.76. The trade was a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Benjamin Seong Lee also recently made the following trade(s):

• On Wednesday, January 7th, Benjamin Seong Lee sold 27,930 shares of Reddit stock. The stock was sold at an average price of $260.08, for a total value of $7,264,034.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The stock was sold at an average price of $240.00, for a total value of $4,500,000.00.
• On Tuesday, December 16th, Benjamin Seong Lee sold 55,005 shares of Reddit stock. The shares were sold at an average price of $221.21, for a total value of $12,167,656.05.
• On Monday, November 24th, Benjamin Seong Lee sold 6,427 shares of Reddit stock. The stock was sold at an average price of $192.68, for a total value of $1,238,354.36.

Reddit Price Performance

RDDT traded down $9.24 during midday trading on Friday, hitting $244.71. 5,537,837 shares of the company’s stock traded hands, compared to its average volume of 3,422,567. The company has a market cap of $46.37 billion, a PE ratio of 140.64, a price-to-earnings-growth ratio of 1.71 and a beta of 2.17. The stock’s fifty day simple moving average is $218.41 and its 200-day simple moving average is $206.87. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95.

Reddit (NYSE:RDDT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.50 by $0.30. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The company had revenue of $584.91 million for the quarter, compared to analyst estimates of $546.65 million. During the same quarter in the prior year, the business posted $0.16 EPS. Reddit’s quarterly revenue was up 67.9% on a year-over-year basis. On average, research analysts expect that Reddit Inc. will post 1.12 EPS for the current year.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Third‑party product coverage widening Reddit’s visibility — Ahrefs added Reddit to its Brand Radar tracking (now covers YouTube, TikTok and Reddit), which can increase marketer awareness and make Reddit mentions more actionable for advertisers. This is a modest positive for ad monetization and brand measurement. Ahrefs Adds YouTube and Reddit Tracking to Brand Radar
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $240 price target (slightly below current levels). New coverage and a near‑term price target below the market can limit upside but doesn’t signal a change to Reddit’s long‑term growth story; it may contribute to cautious trader positioning. Analyst Coverage Note
• Negative Sentiment: Insider selling by CFO Andrew Vollero — filings show sales on Jan 6 (8,413 shares at ~$252.72) and Jan 7 (500 shares at ~$260.06). While the CFO still holds ~255k shares (valued in the tens of millions), the high‑profile insider sales — particularly the larger Jan 6 block — can send a negative near‑term signal to traders and may weigh on sentiment. Insider Selling: Reddit CFO Sells Shares
• Negative Sentiment: Reputational/ content‑risk coverage — a New York Times podcast discussed misuse of AI tools to push abusive/political content (context includes platforms and moderation challenges). Any spotlight on content or AI‑driven moderation failures can raise advertiser and regulatory concerns, pressuring sentiment until moderation/AI controls are clarified. Grok’s Undressing Scandal + Claude Code Capers

Institutional Investors Weigh In On Reddit

Several hedge funds and other institutional investors have recently modified their holdings of RDDT. Huntington National Bank increased its position in Reddit by 25.6% during the third quarter. Huntington National Bank now owns 270 shares of the company’s stock worth $62,000 after acquiring an additional 55 shares during the period. Roxbury Financial LLC grew its position in Reddit by 7.4% in the 4th quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock worth $214,000 after purchasing an additional 64 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Reddit by 0.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 20,201 shares of the company’s stock worth $3,023,000 after purchasing an additional 65 shares during the period. AdvisorNet Financial Inc raised its position in shares of Reddit by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 2,464 shares of the company’s stock valued at $567,000 after buying an additional 66 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in shares of Reddit by 5.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,439 shares of the company’s stock valued at $331,000 after buying an additional 69 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on RDDT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Reddit in a research report on Monday, December 29th. Sanford C. Bernstein raised their price objective on Reddit from $190.00 to $210.00 and gave the company a “market perform” rating in a research note on Friday, October 31st. Cannonball Research reaffirmed a “buy” rating on shares of Reddit in a research report on Tuesday, September 23rd. Zacks Research downgraded Reddit from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Roth Capital set a $210.00 price objective on shares of Reddit in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $232.58.

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.