Investors Purchase Large Volume of Call Options on Reddit (NYSE:RDDT)

03 Jul 2026, 17:20 by Kim Johansen · The Markets Daily

Reddit Inc. (NYSE:RDDT – Get Free Report) saw some unusual options trading on Wednesday. Stock investors purchased 61,156 call options on the company. This is an increase of 45% compared to the typical volume of 42,052 call options.

Insider Buying and Selling at Reddit

In other news, CTO Christopher Brian Slowe sold 15,500 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $150.67, for a total value of $2,335,385.00. Following the sale, the chief technology officer owned 38,413 shares in the company, valued at approximately $5,787,686.71. The trade was a 28.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer L. Wong sold 39,167 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $161.47, for a total transaction of $6,324,295.49. Following the sale, the chief operating officer owned 1,088,451 shares of the company’s stock, valued at $175,752,182.97. This trade represents a 3.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 241,000 shares of company stock valued at $40,030,125. 28.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its holdings in shares of Reddit by 25.6% during the third quarter. Huntington National Bank now owns 270 shares of the company’s stock worth $62,000 after buying an additional 55 shares in the last quarter. Evansbrook LLC increased its stake in Reddit by 2.2% in the first quarter. Evansbrook LLC now owns 2,736 shares of the company’s stock valued at $368,000 after acquiring an additional 59 shares during the last quarter. Institute for Wealth Management LLC. raised its holdings in shares of Reddit by 6.1% during the 4th quarter. Institute for Wealth Management LLC. now owns 1,071 shares of the company’s stock worth $246,000 after buying an additional 62 shares in the last quarter. Roxbury Financial LLC lifted its holdings in shares of Reddit by 7.4% in the fourth quarter. Roxbury Financial LLC now owns 929 shares of the company’s stock worth $214,000 after acquiring an additional 64 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its position in Reddit by 6.7% in the fourth quarter. Florida Financial Advisors LLC now owns 1,087 shares of the company’s stock valued at $250,000 after buying an additional 68 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RDDT. Weiss Ratings reiterated a “hold (c)” rating on shares of Reddit in a research note on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $200.00 price target on shares of Reddit in a report on Friday, May 1st. Loop Capital reiterated a “buy” rating and issued a $260.00 price objective on shares of Reddit in a research report on Thursday, June 4th. Cantor Fitzgerald boosted their price objective on Reddit from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on Reddit from $149.00 to $176.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Eighteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Reddit has a consensus rating of “Moderate Buy” and a consensus target price of $230.75.

Check Out Our Latest Analysis on RDDT

Reddit Price Performance

Shares of RDDT stock traded down $0.10 during trading hours on Friday, reaching $194.57. 4,459,573 shares of the company were exchanged, compared to its average volume of 4,368,789. Reddit has a fifty-two week low of $119.27 and a fifty-two week high of $282.95. The stock’s fifty day moving average is $164.32 and its two-hundred day moving average is $171.75. The company has a market cap of $37.46 billion, a price-to-earnings ratio of 55.59 and a beta of 1.93.

Reddit (NYSE:RDDT – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.39. Reddit had a net margin of 28.60% and a return on equity of 25.48%. The firm had revenue of $663.41 million during the quarter, compared to analysts’ expectations of $607.74 million. During the same quarter in the previous year, the company posted $0.13 EPS. Reddit’s revenue was up 69.1% on a year-over-year basis. On average, research analysts anticipate that Reddit will post 4.83 earnings per share for the current year.

Reddit Company Profile

(Get Free Report)

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.