Reddit (NYSE:RDDT) CEO Sells $3,506,580.00 in Stock
Reddit Inc. (NYSE:RDDT - Get Free Report) CEO Steve Ladd Huffman sold 18,000 shares of the firm's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $194.81, for a total transaction of $3,506,580.00. Following the completion of the transaction, the chief executive officer owned 485,958 shares in the company, valued at approximately $94,669,477.98. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Steve Ladd Huffman also recently made the following trade(s): 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. 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 transaction of $2,633,769.63. On Wednesday, October 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $200.53, for a total value of $3,609,540.00. On Tuesday, September 30th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $229.10, for a total value of $4,123,800.00. On Monday, September 15th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The stock was sold at an average price of $261.22, for a total value of $4,701,960.00. On Friday, August 29th, Steve Ladd Huffman sold 18,000 shares of Reddit stock. The shares were sold at an average price of $223.41, for a total value of $4,021,380.00. Reddit Stock Down 1.1%NYSE RDDT traded down $2.13 during trading hours on Tuesday, hitting $185.42. The company had a trading volume of 3,713,327 shares, compared to its average volume of 6,012,114. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The firm has a market cap of $35.14 billion, a P/E ratio of 106.56, a price-to-earnings-growth ratio of 2.07 and a beta of 2.14. The business has a fifty day simple moving average of $216.35 and a 200-day simple moving average of $178.49. Reddit (NYSE:RDDT - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.30. The business had revenue of $584.91 million for the quarter, compared to analysts' expectations of $546.65 million. Reddit had a net margin of 18.33% and a return on equity of 14.94%. The company's revenue for the quarter was up 67.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Reddit has set its Q4 2025 guidance at EPS. Equities analysts forecast that Reddit Inc. will post 1.12 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthSeveral equities analysts have recently issued reports on RDDT shares. JMP Securities reiterated a "market outperform" rating and set a $300.00 price objective on shares of Reddit in a research report on Friday, October 3rd. Cannonball Research reaffirmed a "buy" rating on shares of Reddit in a research note on Tuesday, September 23rd. Guggenheim increased their price target on Reddit from $165.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Reddit from $190.00 to $227.00 and gave the company a "neutral" rating in a research note on Friday, October 31st. Finally, Truist Financial set a $270.00 price target on shares of Reddit in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $226.33.Read Our Latest Analysis on RedditInstitutional Inflows and OutflowsSeveral hedge funds have recently added to or reduced their stakes in RDDT. Teacher Retirement System of Texas grew its position in Reddit by 880.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company's stock worth $14,255,000 after purchasing an additional 85,020 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in shares of Reddit in the first quarter valued at $473,000. JPMorgan Chase & Co. boosted its position in shares of Reddit by 98.2% in the first quarter. JPMorgan Chase & Co. now owns 1,907,495 shares of the company's stock worth $200,096,000 after buying an additional 944,847 shares during the period. Greycroft LP grew its holdings in shares of Reddit by 109.1% during the first quarter. Greycroft LP now owns 11,500 shares of the company's stock valued at $1,206,000 after buying an additional 6,000 shares in the last quarter. Finally, Think Investments LP grew its holdings in shares of Reddit by 10.3% during the first quarter. Think Investments LP now owns 268,000 shares of the company's stock valued at $28,113,000 after buying an additional 25,000 shares in the last quarter. Reddit Company Profile (Get Free Report)Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.Featured ArticlesThis 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.Before you consider Reddit, you'll want to hear this.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.While Reddit currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.Looking to profit from the electric vehicle mega-trend? 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