Reddit (RDDT) CEO Huffman Steve Ladd Sells $2.7M of Stock

Steve Huffman, CEO of Reddit, Inc. (NYSE: RDDT), sold 17,308 shares on October 13, 2026, for about $2.74 million. This sale was part of a planned transaction.

Inside Huffman's Trade

Huffman sold the shares at a price of $158.57 each. This transaction adds to his previous trades in the stock, where he also sold shares on September 15 and September 29, 2026. Huffman continues to manage his holdings actively, following a pattern of earlier sales and purchases.

Other Institutional Activity in Reddit

Several other institutional investors have also been active in Reddit recently. Blackrock Inc. grew its holdings by 341,740 shares, ending with 8,004,079 shares valued at about $1.25 billion. Vanguard Portfolio Management LLC added 204,023 shares, bringing its total to 6,937,449 shares worth approximately $1.08 billion. Meanwhile, Baillie Gifford & Co reduced its stake by 117,675 shares, holding now 7,191,302 shares valued at around $1.12 billion.

Reddit, Inc. Stock Up 4.2%

As of October 16, 2026, Reddit's stock was recently trading around $154.86, which is below its 50-day moving average of $154.21. The stock is trading approximately 41.2% lower than its 52-week high of $263.50, indicating some challenges in its recent performance.

Recent Earnings

In its last reported earnings, Reddit posted a revenue of approximately $2.78 billion, reflecting a year-over-year growth of 61.1%. The company's earnings per share (EPS) stood at $4.3, showcasing a solid profit margin of 31.3%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Reddit, Inc.

Steve Huffman has been active in trading his shares recently. On October 13, he sold 17,308 shares at a price of $158.57, totaling about $2.74 million. Earlier, he sold shares on September 15 and September 29, further indicating his ongoing management of his holdings. Additionally, Jennifer Wong, the Chief Operating Officer, sold 60,000 shares on September 14, 2026.

Analysts Set New Price Targets

Analysts remain optimistic about Reddit, with Needham reiterating a 'buy' rating and maintaining a price target of $300 as of October 9, 2026. JP Morgan and Oppenheimer also maintain their ratings, with targets of $185 and $200, respectively. The consensus rating among 33 analysts is 'buy', suggesting confidence in the company's future performance.

About Reddit, Inc.

Reddit, Inc. operates a digital community platform where users can share experiences, exchange goods, and create communities around shared interests. The company is headquartered in San Francisco, CA, and employs over 2,500 people. This recent insider activity reflects ongoing confidence in the platform's growth and engagement potential.

Bottom Line

Investors will be watching for Reddit's next earnings report on October 29, 2026, as well as any further insider trades by Huffman. The company's strong revenue growth and favorable analyst ratings suggest it remains a company to keep an eye on in the coming months.