Reddit (RDDT) COO Jennifer L. Wong Sells $9M of Stock

Reddit, Inc. (NYSE: RDDT) Chief Operating Officer Jennifer L. Wong sold 60,000 shares of the company on October 14, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed at an average price of $150.55 for a total value of approximately $9.03 million. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan. On the day of the trade, Reddit shares closed at $148.60.

Inside Jennifer L. Wong's Reddit Trade

Following the sale, Wong held remaining shares in the internet content platform. The transaction follows other recent insider moves at the company, including sales by Chief Executive Officer Steve Huffman earlier in the month and in September. Wong's transaction was executed as part of a planned schedule.

Other Institutional Activity in Reddit, Inc.

Other large institutional investors have also adjusted their positions in RDDT recently. Coatue Management reduced its holdings by 2,760,350 shares, ending with 2,789,891 shares worth about $486.53 million. Portman Square Capital grew its holdings by 164,901 shares, ending with 478,773 shares worth about $68.20 million. D1 Capital Partners L.P. added 340,554 shares, holding 2,459,151 shares valued at about $428.85 million. BAILLIE GIFFORD & CO cut its stake by 117,675 shares to finish with 7,191,302 shares worth roughly $1.12 billion, while Alliancebernstein L.P. trimmed 703,017 shares to hold 4,168,897 shares valued at about $650.93 million.

Reddit, Inc. Stock Up 5.0%

RDDT recently traded around $156.08 as of October 16, 2026, up about 5.0% from its event-day close of $148.60. The stock has a market capitalization of roughly $30.66 billion and trades with a forward P/E ratio of 16.46. Shares have ranged from a 52-week low of $119.27 to a high of $263.50.

Recent Earnings

Reddit posted trailing twelve-month revenues of $2.78 billion and basic earnings of $4.30 per share. The company's next financial update is slated for October 29, 2026.

Insider Buying and Selling at Reddit, Inc.

CEO Steve Huffman sold 17,308 shares on September 15, 2026, another 17,308 shares on September 29, 2026, and 17,308 shares on October 13, 2026, for roughly $2.74 million.

Analysts Set New Price Targets

JP Morgan maintained its neutral rating with a target of $185 on July 31, 2026. Oppenheimer kept an outperform rating with a $200 target on July 31, 2026. Morgan Stanley held an overweight rating with a $210 target on August 21, 2026. DA Davidson maintained a buy rating with a $185 target on September 18, 2026. Needham reiterated a buy rating with a target of $300 on October 9, 2026. Overall, the stock holds a consensus buy rating across 33 analyst opinions.

About Reddit, Inc.

Reddit operates an online platform where users connect through shared interests, join specialized communities, and share text, links, images, and videos. The company generates revenue primarily through digital advertising and user-driven content ecosystems. Insider transactions like Wong's are common executive liquidity events and are often scheduled well in advance.

Bottom Line

Investors will look toward Reddit's upcoming earnings report on October 29, 2026, for further updates on revenue growth and user engagement. No investment decisions should be made based solely on planned insider transactions.