Reddit (NYSE:RDDT) Insider Benjamin Seong Lee Sells 5,575 Shares of Stock

Reddit Inc. (NYSE:RDDT) insider Benjamin Seong Lee sold 5,575 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $143.35, for a total transaction of $799,176.25. Following the completion of the transaction, the insider owned 79,309 shares of the company’s stock, valued at $11,368,945.15. This trade represents a 6.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 shares were sold at an average price of $260.08, for a total transaction of $7,264,034.40.
• On Friday, January 9th, Benjamin Seong Lee sold 3,320 shares of Reddit stock. The stock was sold at an average price of $260.22, for a total transaction of $863,930.40.
• On Thursday, December 18th, Benjamin Seong Lee sold 18,750 shares of Reddit stock. The shares were sold at an average price of $240.00, for a total transaction 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.

Reddit Stock Performance

Shares of NYSE RDDT opened at $142.04 on Wednesday. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95. The stock’s 50-day simple moving average is $200.71 and its 200-day simple moving average is $212.63. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.06 and a beta of 2.17.

Reddit (NYSE:RDDT) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.28. Reddit had a return on equity of 20.89% and a net margin of 24.05%.The firm had revenue of $725.61 million during the quarter, compared to the consensus estimate of $665.80 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. Reddit’s revenue for the quarter was up 69.7% on a year-over-year basis. As a group, research analysts predict that Reddit Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RDDT shares. Bank of America lifted their price target on shares of Reddit from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Oppenheimer dropped their target price on shares of Reddit from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $285.00 target price on shares of Reddit in a research note on Tuesday, January 20th. Guggenheim lifted their price target on Reddit from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company set a $196.00 price objective on Reddit in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.78.

Key Stories Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q4 earnings beat / director buy — analysts and commentators are highlighting Reddit’s post‑earnings momentum and a director purchase that followed the report, reinforcing the thesis of accelerating ad revenue and improving margins. Reddit Valuation Check After Earnings Beat And Director Share Purchase
• Positive Sentiment: Zacks and other bulls point to surging ad revenue, rising ARPU and AI-driven ad products (Max campaigns) as competitive advantages vs. peers like Snap, supporting upside if ad growth continues. Reddit vs. Snap: Which Social Media Ad Stock Has an Edge Now?
• Positive Sentiment: Analyst/upbeat op‑eds — Seeking Alpha pieces and a recent upgrade argue RDDT is a buy after the earnings beat, citing strong revenue growth, margin expansion and product improvements that could deliver continued user and monetization gains. Reddit: The Buying Opportunity I Have Been Waiting For (Rating Upgrade)
• Neutral Sentiment: Market chatter / trade flows — a market commentator mentioned Reddit as part of a software-buying theme, which can attract short‑term traders but is not a company-specific catalyst. RDDT, FTNT, CLBT & PLTR to Lead “Rip-Your-Face-Off” Software Rally?
• Negative Sentiment: Multiple insider sales this week from senior execs (CTO Christopher Slowe, COO Jennifer Wong, CAO Michelle Reynolds and others) totaling millions of dollars of stock sold — investors often view clustered insider selling as a near‑term negative signal on sentiment or liquidity needs. SEC Form 4 (example insider sale)
• Negative Sentiment: Regulatory fine in the UK — the Information Commissioner’s Office fined Reddit ~£14.47m (~$19.5–20m) for children’s privacy failures. The fine is material and adds regulatory/legal overhang and execution risk in international markets. UK privacy watchdog fines Reddit $20 million
• Negative Sentiment: Valuation skepticism — contrarian commentaries argue Reddit’s valuation remains stretched despite earnings momentum, which can cap near‑term upside if growth expectations cool. Reddit’s Valuation Makes No Sense

Hedge Funds Weigh In On Reddit

A number of large investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in Reddit by 64.2% in the fourth quarter. Pacer Advisors Inc. now owns 318,153 shares of the company’s stock valued at $73,134,000 after acquiring an additional 124,394 shares during the period. Floyd Financial Group LLC acquired a new stake in shares of Reddit during the 4th quarter worth approximately $1,216,000. Compound Planning Inc. lifted its holdings in shares of Reddit by 23.4% in the 4th quarter. Compound Planning Inc. now owns 1,624 shares of the company’s stock worth $373,000 after purchasing an additional 308 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Reddit by 36.7% in the 4th quarter. Invesco Ltd. now owns 2,033,626 shares of the company’s stock worth $467,470,000 after purchasing an additional 545,685 shares during the last quarter. Finally, Evansbrook LLC acquired a new position in Reddit during the 4th quarter valued at approximately $615,000.

Reddit Company Profile

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.