Reddit Inc (NYSE: RDDT) is 31.74% higher on its value in year-to-date trading and has touched a low of $37.35 and a high of $208.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RDDT stock was last observed hovering at around $202.31 in the last trading session, with the day’s gains setting it 13.0%.
Currently trading at $215.31, the stock is 17.29% and 27.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.49 million and changing 6.43% at the moment leaves the stock 131.32% off its SMA200. RDDT registered a gain of 273.93% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $167.8012 and a 200-day simple moving average (SMA200) of $92.199.
The stock witnessed a 29.78% loss in the last 1 month and extending the period to 3 months gives it a 80.48%, and is 10.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.13% over the week and 6.31% over the month.
Reddit Inc (RDDT) has around 2013 employees, a market worth around $37.80B and $1.12B in sales. Fwd P/E is 244.39. Profit margin for the company is -47.83%. Distance from 52-week low is 476.47% and 3.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.85%).
with sales reaching $405.47M over the same period.The EPS is expected to shrink by -149.08% this year.
Reddit Inc (RDDT) Top Institutional Holders
439.0 institutions hold shares in Reddit Inc (RDDT), with institutional investors hold 94.45% of the company’s shares. The shares outstanding are 116.91M, and float is at 103.78M with Short Float at 17.87%. Institutions hold 73.96% of the Float.
The top institutional shareholder in the company is FMR LLC with over 3.02 million shares valued at $192.85 million. The investor’s holdings represent 1.8362% of the RDDT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.44 million shares valued at $156.21 million to account for 1.4873 of the shares outstanding. The other top investors are INCLUSIVE CAPITAL PARTNERS, L.P. which holds 2.09 million shares representing 1.2711% and valued at over $133.49 million, while BANK OF NEW YORK MELLON CORP holds 1.012 of the shares totaling 1.66 million with a market value of $106.29 million.
Reddit Inc (RDDT) Insider Activity
The most recent transaction is an insider sale by Huffman Steve Ladd, the company’s CEO & President. SEC filings show that Huffman Steve Ladd sold 14,000 shares of the company’s common stock on Jan 31 ’25 at a price of $201.96 per share for a total of $2.83 million. Following the sale, the insider now owns 0.61 million shares.
Reddit Inc disclosed in a document filed with the SEC on Jan 22 ’25 that Slowe Christopher Brian (Chief Technology Officer) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Jan 22 ’25 and was made at $184.11 per share for $2.03 million. Following the transaction, the insider now directly holds 0.31 million shares of the RDDT stock.
Still, SEC filings show that on Jan 22 ’25, Slowe Christopher Brian (Chief Technology Officer) disposed off 5,000 shares at an average price of $184.15 for $0.92 million. The insider now directly holds 35,252 shares of Reddit Inc (RDDT).
