<div id="readability-page-1"><p>Reddit Inc. (NYSE:RDDT - Get Free Report) fell 6% during trading on Friday following insider selling activity. The stock traded as low as $246.45 and last traded at $238.6680. 1,816,200 shares were traded  during mid-day trading, a decline of 42% from the average session volume of 3,114,092 shares. The stock had previously closed at $253.95.</p><ul><li>Reddit Buy Alert: Could It Really Have 40% Upside Potential?</li></ul><p>Specifically,  CFO Andrew Vollero sold 500 shares of the company's stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $260.06, for a total transaction of $130,030.00. Following the sale, the chief financial officer directly owned 255,618 shares in the company, valued at approximately $66,476,017.08. This represents a 0.20% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Vollero sold 8,413 shares of the company's stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $252.72, for a total value of $2,126,133.36. Following the sale, the chief financial officer owned 256,118 shares in the company, valued at approximately $64,726,140.96. This trade represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $230.76, for a total value of $4,153,680.00. Following the completion of the sale, the chief executive officer directly owned 448,576 shares of the company's stock, valued at $103,513,397.76. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several analysts have recently weighed in on RDDT shares. Bank of America raised their price target on Reddit from $180.00 to $210.00 and gave the company a &#34;neutral&#34; rating in a research note on Friday, October 31st. Wells Fargo &amp; Company raised their target price on shares of Reddit from $155.00 to $174.00 and gave the company a &#34;cautious&#34; rating in a research report on Tuesday, October 7th. Piper Sandler  reiterated an &#34;overweight&#34; rating on shares of Reddit in a research note on Monday, December 1st. Cantor Fitzgerald assumed coverage on shares of Reddit in a research note on Thursday. They issued a &#34;neutral&#34; rating and a $240.00 price objective for the company. Finally, Zacks Research lowered Reddit from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, December 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned  a Buy rating, eleven have assigned  a Hold rating and two have issued  a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $232.58.</p><ul><li>TL;DR: Why Reddit is the New Growth Stock to Beat</li></ul><p><b>Read Our Latest Research Report on RDDT</b></p><h2>Reddit Trading Down 4.5%</h2><p>The firm has a market cap of $45.94 billion, a PE ratio of 137.93, a price-to-earnings-growth ratio of 1.72 and a beta of 2.17. The company has a 50-day simple moving average of $217.70 and a 200 day simple moving average of $206.10. </p><ul><li>MarketBeat Week in Review – 10/13 - 10/17 </li></ul><p>Reddit (NYSE:RDDT - Get Free Report) last issued 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. The company had revenue of $584.91 million during the quarter, compared to analyst estimates of $546.65 million. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The firm's revenue was up 67.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS.  On average, equities analysts expect that  Reddit Inc. will post 1.12 earnings per share for the current year. </p><h2>Hedge Funds Weigh In On Reddit</h2><p>Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in  Reddit in the second quarter valued at approximately $294,254,000.  Vanguard Group Inc. lifted its stake in  Reddit by 12.9% during 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 in the last quarter.  Amundi boosted its holdings in  Reddit by 2,060.5% during the 2nd quarter. Amundi now owns 1,307,231 shares of the company's stock valued at $208,294,000 after acquiring an additional 1,246,725 shares during the period.  Invesco Ltd. grew its position in  Reddit by 419.0% in the 3rd quarter. Invesco Ltd. now owns 1,487,941 shares of the company's stock valued at $342,212,000 after acquiring an additional 1,201,237 shares in the last quarter.  Finally, State Street Corp increased its stake in  Reddit by 138.5% during the second quarter. State Street Corp now owns 2,030,139 shares of the company's stock worth $305,678,000 after purchasing an additional 1,178,890 shares during the period. </p><h2>About Reddit</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>Recommended Stories</h2><ul><li>Five stocks we like better than Reddit</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>Do not delete, read immediately</li><li>This stock gets a 94 out of 100</li><li>First Time Since 2007: All Warnings Active</li><li>Executive Order 14330: Trump’s Biggest Yet</li></ul><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>

RDDT

<p>Reddit Inc. (NYSE:RDDT) shares fell 6% to $238.67 following insider selling by CFO Andrew Vollero and CEO Steve Huffman. Vollero sold 500 shares at $260.06 and 8,413 shares at $252.72, while Huffman sold 18,000 shares at $230.76. Analysts have mixed ratings on Reddit, with a consensus average price target of $232.58. The company reported strong quarterly earnings, exceeding estimates with $0.80 EPS and $584.91 million in revenue, a 67.9% increase year-over-year. Institutional investors have also adjusted their stakes in the company recently.</p>

Reddit (NYSE:RDDT) Trading Down 6% on Insider Selling