Reddit Inc’s filing revealed that its CEO & President Huffman Steve Ladd unloaded Company’s shares for reported $14.3 million on May 15 ’25. In the deal valued at $114.98 per share,124,408 shares were sold. As a result of this transaction, Huffman Steve Ladd now holds 577,013 shares worth roughly $62.31 million.
Then, THE XYZ REVOCABLE TRUST bought 220,817 shares, generating $27,672,786 in total proceeds.
Before that, Huffman Steve Ladd sold 14,000 shares. Reddit Inc shares valued at $1,549,335 were divested by the CEO & President at a price of $110.67 per share. As a result of the transaction, Huffman Steve Ladd now holds 577,013 shares, worth roughly $62.31 million.
Wells Fargo downgraded its Reddit Inc [RDDT] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Bernstein also remained covering RDDT and has increased its forecast on May 02, 2025 with a “Mkt perform” recommendation from previously “an Underperform” rating. Oppenheimer started covering the stock on April 16, 2025. It rated RDDT as “an Outperform”.
Price Performance Review of RDDT
On Monday, Reddit Inc [NYSE:RDDT] saw its stock fall -4.63% to $107.99. Over the last five days, the stock has lost -2.90%. Reddit Inc shares have fallen nearly -33.93% since the year began. Nevertheless, the stocks have risen 81.10% over the past one year.
How much short interest is there in Reddit Inc?
A steep rise in short interest was recorded in Reddit Inc stocks on 2025-04-30, growing by 0.54 million shares to a total of 19.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 18.58 million shares. There was a rise of 2.84%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 07, 2025 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $150 price target.
