<div id="readability-page-1"><p>Reddit Inc. (NYSE:RDDT - Get Free Report) CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $232.78, for a total value of $4,190,040.00. Following the sale, the chief executive officer directly owned 448,576 shares of the company's stock, valued at approximately $104,419,521.28. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink.</p><ul><li>Reddit Buy Alert: Could It Really Have 40% Upside Potential?</li></ul><p>Steve Ladd Huffman also recently made the following trade(s): </p><ul><li>On Wednesday, December 31st, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $230.76, for a total transaction of $4,153,680.00. </li><li>On Monday, December 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $220.28, for a total transaction of $3,965,040.00. </li><li>On Friday, November 28th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $215.19, for a total value of $3,873,420.00. </li><li>On Friday, November 14th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $194.81, for a total value of $3,506,580.00. </li><li>On Thursday, October 30th, Steve Ladd Huffman sold 4,089 shares of Reddit stock. The stock was sold at an average price of $194.93, for a total transaction of $797,068.77. </li><li>On Tuesday, November 4th, Steve Ladd Huffman sold 13,911 shares of Reddit stock. The stock was sold at an average price of $189.33, for a total value of $2,633,769.63. </li></ul><h2>Reddit Stock Down 2.4%</h2><p>NYSE:RDDT traded down $5.53 during trading hours on Tuesday, reaching $225.48. The company had a trading volume of 3,741,943 shares, compared to its average volume of 3,290,738. The stock has a 50-day moving average of $223.96 and a two-hundred day moving average of $211.60. Reddit Inc. has a one year low of $79.75 and a one year high of $282.95. The firm has a market capitalization of $42.73 billion, a PE ratio of 132.76, a PEG ratio of 1.55 and a beta of 2.17. </p><ul><li>TL;DR: Why Reddit is the New Growth Stock to Beat</li></ul><p>Reddit (NYSE:RDDT - Get Free Report) last announced its 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 return on equity of 14.94% and a net margin of 18.33%.The business had revenue of $584.91 million for the quarter, compared to the consensus estimate of $546.65 million. During the same period in the previous year, the business earned $0.16 EPS. Reddit's revenue was up 67.9% compared to the same quarter last year.  As a group, sell-side analysts expect that  Reddit Inc. will post 1.12 earnings per share for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several research analysts recently commented on RDDT shares. Wall Street Zen cut Reddit from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, January 10th. Royal Bank Of Canada  reaffirmed a &#34;sector perform&#34; rating on shares of Reddit in a research report on Wednesday, October 1st. JMP Securities  restated a &#34;market outperform&#34; rating and set a $300.00 price objective on shares of Reddit in a research note on Friday, October 3rd. Piper Sandler  reiterated an &#34;overweight&#34; rating on shares of Reddit in a research note on Monday, December 1st. Finally, Zacks Research cut Reddit from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, December 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating, twelve have given a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat.com, Reddit  has an average rating of &#34;Moderate Buy&#34; and an average target price of $240.17.</p><ul><li>MarketBeat Week in Review – 10/13 - 10/17 </li></ul><p><b>Get Our Latest Stock Analysis on RDDT</b></p><h2>Institutional Trading of Reddit</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in  Reddit by 12.9% in the 3rd quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company's stock worth $2,814,734,000 after acquiring an additional 1,401,293 shares during the last quarter.  State Street Corp grew its holdings in  Reddit by 22.3% in the 3rd quarter. State Street Corp now owns 2,481,931 shares of the company's stock worth $570,819,000 after acquiring an additional 451,792 shares during the last quarter.  JPMorgan Chase &amp; Co. lifted its holdings in  Reddit by 7.5% in the 2nd quarter. JPMorgan Chase &amp; Co. now owns 2,051,175 shares of the company's stock worth $308,846,000 after buying an additional 143,680 shares during the period.  Geode Capital Management LLC increased its position in  Reddit by 72.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company's stock valued at $299,044,000 after purchasing an additional 833,245 shares during the period.  Finally, Norges Bank bought a new position in  Reddit in the second quarter worth about $294,254,000. </p><h2>Reddit Company Profile</h2> (Get Free Report)<p>Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called &#34;subreddits,&#34; 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.  </p><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Reddit</li><li>Is Elon Preparing for a Silver Shock?</li><li>Wall Street Alert: Buy AES</li><li>Do not delete, read immediately</li><li>Trump’s AI Secret: 100X Faster Than Nvidia</li><li>The $100 Trillion AI Story No One Is Telling You</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJERFQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJERFQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Reddit Right Now?</h2><p>Before you consider Reddit, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Reddit wasn't on the list.</p><p>While Reddit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RDTL

RDDT

<p>Reddit Inc. (NYSE:RDDT) CEO Steve Ladd Huffman sold 18,000 shares of stock on January 15th for $4,190,040, reducing his ownership by 3.86%. Following the sale, he holds 448,576 shares valued at approximately $104.4 million. This transaction is part of a series of recent sales, with the stock currently trading at $225.48, down 2.4%. Analysts have mixed ratings on Reddit, with an average target price of $240.17 and a consensus rating of "Moderate Buy."</p>

Insider Selling: Reddit (NYSE:RDDT) CEO Sells 18,000 Shares of Stock