Strs Ohio Acquires 47,187 Shares of Reddit Inc. $RDDT

Strs Ohio boosted its holdings in Reddit Inc. (NYSE:RDDT) by 45.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,975 shares of the company’s stock after purchasing an additional 47,187 shares during the quarter. Strs Ohio’s holdings in Reddit were worth $34,934,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Reddit by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 13,322,048 shares of the company’s stock valued at $3,062,339,000 after buying an additional 1,083,540 shares in the last quarter. State Street Corp grew its position in Reddit by 22.3% during the third quarter. State Street Corp now owns 2,481,931 shares of the company’s stock worth $570,819,000 after buying an additional 451,792 shares in the last quarter. Bank of America Corp DE increased its stake in Reddit by 38.4% during the 3rd quarter. Bank of America Corp DE now owns 1,724,560 shares of the company’s stock worth $396,632,000 after acquiring an additional 478,095 shares during the period. Invesco Ltd. increased its stake in Reddit by 419.0% during the 3rd quarter. Invesco Ltd. now owns 1,487,941 shares of the company’s stock worth $342,212,000 after acquiring an additional 1,201,237 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Reddit by 4.3% in the 4th quarter. Nordea Investment Management AB now owns 1,151,360 shares of the company’s stock valued at $265,273,000 after acquiring an additional 47,187 shares in the last quarter.

Insider Transactions at Reddit

In other news, Director Sarah E. Farrell bought 10,500 shares of the company’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $132.26 per share, for a total transaction of $1,388,730.00. Following the completion of the transaction, the director owned 61,000 shares of the company’s stock, valued at $8,067,860. This trade represents a 20.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steve Ladd Huffman sold 18,000 shares of Reddit stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $158.40, for a total value of $2,851,200.00. Following the sale, the chief executive officer directly owned 411,195 shares in the company, valued at $65,133,288. The trade was a 4.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders purchased 61,000 shares of company stock worth $8,870,815 and sold 280,441 shares worth $40,873,759. 34.25% of the stock is owned by corporate insiders.

Reddit Price Performance

Shares of NYSE:RDDT opened at $166.53 on Friday. Reddit Inc. has a one year low of $94.89 and a one year high of $282.95. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.21 and a beta of 1.85. The firm has a 50 day simple moving average of $144.12 and a 200 day simple moving average of $184.18.

Reddit (NYSE:RDDT) last posted its earnings results on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.39. The firm had revenue of $663.41 million for the quarter, compared to analysts’ expectations of $607.74 million. Reddit had a net margin of 28.60% and a return on equity of 26.78%. The company’s revenue was up 69.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, analysts expect that Reddit Inc. will post 4.02 EPS for the current year.

Wall Street Analysts Forecast Growth

RDDT has been the subject of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $200.00 target price on shares of Reddit in a research report on Friday. Citigroup restated an “outperform” rating on shares of Reddit in a research report on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Reddit in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Reddit in a research report on Friday. Finally, Raymond James Financial set a $180.00 price objective on shares of Reddit and gave the stock a “market perform” rating in a research note on Friday. Eighteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reddit presently has an average rating of “Moderate Buy” and a consensus price target of $228.61.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 earnings and revenue beat — Reddit reported EPS of $1.01 (vs. ~$0.62 est.) and revenue of about $663M, a ~69% year?over?year jump; ad revenue rose sharply, underscoring improving monetization. Zacks: Reddit Q1 Earnings Beat
• Positive Sentiment: Upbeat near-term guidance — management gave Q2 revenue guidance (~$715M–$725M) above Street expectations, signaling continued ad demand momentum. Reuters: Reddit expects revenue above estimates
• Positive Sentiment: AI-driven ad products & search improvements gaining traction — exec commentary and coverage point to rising advertiser adoption of lower?funnel, AI-enhanced ad tools and a ~30% YoY increase in weekly search usage, both supporting higher yield per user. Reuters: AI-driven ad growth fuels outlook TechCrunch: People are finally using Reddit’s search
• Positive Sentiment: Analyst support — several firms reaffirmed or raised targets (e.g., Piper Sandler raised its PT to $215; Needham reaffirmed buy with $300 PT; DA Davidson reaffirmed buy at $200), adding buy?side validation. TickerReport / coverage on Piper Sandler
• Neutral Sentiment: Unusual options activity — traders purchased ~80,316 call options (about +88% vs. typical daily call volume), indicating speculative bullish positioning but not guaranteeing directional follow?through.
• Neutral Sentiment: Cantor Fitzgerald raised its price target (to $180) but left a neutral rating — a mixed signal: higher target but not a bullish rating change. Benzinga: Cantor Fitzgerald update
• Negative Sentiment: Some analyst conflict and target trimming — Citizens Jmp reduced its target from $250 to $240 (still bullish stance), reflecting differing views on longer?term upside and leaving room for skepticism about sustainability. Benzinga: Citizens Jmp update

Reddit 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.