Oak Harvest Investment Services Takes Position in Reddit Inc. $RDDT

Oak Harvest Investment Services bought a new position in Reddit Inc. (NYSE:RDDT) during the third quarter, Holdings Channel reports. The firm bought 8,892 shares of the company’s stock, valued at approximately $2,045,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in shares of Reddit by 880.5% during the second quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock valued at $14,255,000 after purchasing an additional 85,020 shares during the period. Petrus Trust Company LTA purchased a new stake in Reddit in the 1st quarter valued at about $473,000. Think Investments LP grew its stake in Reddit by 10.3% in the 1st quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after acquiring an additional 25,000 shares in the last quarter. Sender Co & Partners Inc. bought a new position in Reddit in the 1st quarter worth about $1,367,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Reddit during the second quarter worth approximately $2,078,000.

Reddit Price Performance

RDDT opened at $234.70 on Tuesday. The firm has a market capitalization of $44.48 billion, a PE ratio of 134.88, a price-to-earnings-growth ratio of 2.49 and a beta of 2.17. The business’s 50-day moving average is $212.00 and its two-hundred day moving average is $200.97. Reddit Inc. has a 1 year low of $79.75 and a 1 year high of $282.95.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RDDT. Cannonball Research reissued a “buy” rating on shares of Reddit in a research note on Tuesday, September 23rd. Raymond James Financial reissued a “strong-buy” rating and set a $250.00 price target (up previously from $225.00) on shares of Reddit in a research report on Monday, October 20th. Zacks Research lowered Reddit from a “strong-buy” rating to a “hold” rating in a research note on Friday. Roth Capital set a $210.00 price objective on Reddit in a report on Friday, October 31st. Finally, Robert W. Baird increased their target price on shares of Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and set a $300 price target (implying ~28% upside from current levels), which can attract momentum buyers and support the stock’s rally. Needham Buy Rating
• Positive Sentiment: Coverage citing Reddit as an “AI search winner” suggests its content + community data advantage could boost ad targeting and search product monetization, a meaningful fundamental growth narrative for investors. Reddit Emerges as AI Search Winner
• Positive Sentiment: Investor’s Business Daily named Reddit a notable AI-driven pick for 2026, reinforcing bullish sentiment from growth-focused funds and retail investors who follow stock-of-the-day features. IBD Stock of the Day
• Positive Sentiment: Analyses pointing to Reddit’s decent recent performance highlight improving fundamentals and multiple expansion potential, supporting continued investor interest. Yahoo Finance Performance Piece
• Neutral Sentiment: Market write‑ups note Reddit “nears key juncture” from a technical/market-structure perspective — this signals a possible break higher or pullback but is not a direct fundamental catalyst. MSN Market Coverage
• Negative Sentiment: Reddit CTO Christopher Slowe sold 14,000 shares (Dec. 22), reducing his stake by ~7.5%; insider selling can spook some investors even when sales are routine, adding short‑term selling pressure. SEC Form 4
• Negative Sentiment: A Seeking Alpha piece says the author is “impressed but not enough for a buy rating,” highlighting lingering concerns that could temper enthusiasm among value‑oriented or risk‑averse investors. Seeking Alpha Analysis

Insider Activity at Reddit

In other Reddit news, CTO Christopher Brian Slowe sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $233.53, for a total value of $3,269,420.00. Following the completion of the sale, the chief technology officer directly owned 171,694 shares in the company, valued at $40,095,699.82. This trade represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michelle Marie Reynolds sold 11,249 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $232.95, for a total value of $2,620,454.55. Following the transaction, the chief accounting officer directly owned 10,558 shares in the company, valued at approximately $2,459,486.10. The trade was a 51.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 461,333 shares of company stock valued at $96,309,724 over the last three months. Company insiders own 34.25% of the company’s stock.

Reddit Company 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.