Cadent Capital Advisors LLC Takes Position in Reddit Inc. $RDDT

by · The Markets Daily

Cadent Capital Advisors LLC acquired a new position in Reddit Inc. (NYSE:RDDT – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,149 shares of the company’s stock, valued at approximately $1,184,000.

Several other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Reddit by 35.0% in the 1st quarter. American Century Companies Inc. now owns 11,523 shares of the company’s stock worth $1,209,000 after purchasing an additional 2,987 shares during the period. Northern Trust Corp grew its holdings in shares of Reddit by 10.8% in the first quarter. Northern Trust Corp now owns 296,086 shares of the company’s stock worth $31,059,000 after purchasing an additional 28,960 shares during the last quarter. Allstate Corp purchased a new position in shares of Reddit in the first quarter worth $311,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Reddit in the first quarter worth $1,325,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Reddit by 12.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,323 shares of the company’s stock valued at $139,000 after buying an additional 147 shares during the last quarter.

More Reddit News

Here are the key news stories impacting Reddit this week:

  • Positive Sentiment: Needham named RDDT a top pick for 2026, added it to its “Conviction Buy” list and set a $300 price target, citing ad-business acceleration and AI/content-licensing upside. This is a major positive catalyst for investor sentiment. Read More.
  • Positive Sentiment: Barron’s bullish take highlights momentum after the stock’s strong post-IPO run and suggests further upside into next year, reinforcing the buy-side narrative. Read More.
  • Positive Sentiment: Q3/2025 monetization trends look strong: ARPU rose ~41% driven by advertiser growth, better ad tools and higher engagement — supports revenue and EPS upside assumptions behind analyst upgrades. Read More.
  • Positive Sentiment: Company initiatives to expand digital engagement and community-platform integrations could increase time-on-site and ad inventory, helping long-term ad revenue scaling. Read More.
  • Neutral Sentiment: Options and flow commentary show traders are positioning for a 2026 run after Needham’s call; that can amplify intraday moves but doesn’t change fundamentals. Read More.
  • Negative Sentiment: Insider selling: COO Jennifer L. Wong sold 39,167 shares (~$9.18M) on Dec. 19, trimming her position ~3.2% — a near-term negative signal for investor sentiment despite her large remaining stake. SEC filing: Read More.

Insider Transactions at Reddit

In other news, insider Benjamin Seong Lee sold 55,005 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $221.21, for a total transaction of $12,167,656.05. Following the sale, the insider owned 62,608 shares in the company, valued at approximately $13,849,515.68. The trade was a 46.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Christopher Brian Slowe sold 24,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the completion of the sale, the chief technology officer directly owned 175,694 shares in the company, valued at $33,859,747.68. This represents a 12.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 465,333 shares of company stock worth $97,164,104. Corporate insiders own 34.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Reddit from $190.00 to $227.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Oppenheimer raised their target price on Reddit from $215.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Roth Capital set a $210.00 price target on Reddit in a research report on Friday, October 31st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Reddit in a report on Wednesday, October 1st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Reddit in a research report on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.28.

Get Our Latest Research Report on RDDT

Reddit Stock Performance

RDDT stock opened at $226.16 on Thursday. Reddit Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $282.95. The company has a market capitalization of $42.86 billion, a price-to-earnings ratio of 129.97, a price-to-earnings-growth ratio of 2.49 and a beta of 2.17. The business’s 50 day moving average price is $210.20 and its two-hundred day moving average price is $198.02.

Reddit (NYSE:RDDT – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.30. Reddit had a return on equity of 14.94% and a net margin of 18.33%.The company had revenue of $584.91 million during the quarter, compared to analysts’ expectations of $546.65 million. During the same quarter last year, the business posted $0.16 EPS. The firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. Sell-side analysts forecast that Reddit Inc. will post 1.12 earnings per share for the current year.

Reddit Company Profile

(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.

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.

Featured Articles

Want to see what other hedge funds are holding RDDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reddit Inc. (NYSE:RDDT – Free Report).