Why Reddit (RDDT) Stock Is Up Today

Reddit (RDDT) is up 8.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a continued rebound after Reddit’s late-July second-quarter report, which showed another strong revenue beat, solid profitability, and upbeat business momentum. There does not appear to be a single new headline tied to today’s move, so the gain may reflect investors revisiting the company’s growth story after the market initially focused on user-mix concerns.

Details:

Reddit said second-quarter 2026 revenue rose 61% year over year to $805 million, marking its eighth consecutive quarter with growth above 60%.

Daily Active Uniques increased 18% from a year earlier to 130.3 million, indicating the platform is still adding scale even as investors debate the pace of user growth.

Net income reached $253 million and diluted earnings per share were $1.25, showing that the company is pairing rapid expansion with meaningful profitability.

Reddit has also been returning capital through its previously announced $1 billion share repurchase authorization, which can support sentiment around the stock.

Sources:

Reddit Investor Relations, SEC, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RDDT Insider Trading Activity

$RDDT insiders have traded $RDDT stock on the open market 204 times in the past 6 months. Of those trades, 4 have been purchases and 200 have been sales.

Here’s a breakdown of recent trading of $RDDT stock by insiders over the last 6 months:

JENNIFER L. WONG (Chief Operating Officer) has made 0 purchases and 58 sales selling 235,075 shares for an estimated $38,457,768.
STEVE LADD HUFFMAN (CEO & President) has made 0 purchases and 90 sales selling 216,000 shares for an estimated $34,561,359.
CHRISTOPHER BRIAN SLOWE (Chief Technology Officer) has made 0 purchases and 36 sales selling 65,000 shares for an estimated $9,433,646.
SARAH E FARRELL has made 4 purchases buying 61,000 shares for an estimated $8,870,869 and 0 sales.
BENJAMIN SEONG LEE (Chief Legal Officer) has made 0 purchases and 8 sales selling 5,575 shares for an estimated $799,179.
MICHELLE MARIE REYNOLDS (Chief Accounting Officer) has made 0 purchases and 8 sales selling 3,099 shares for an estimated $490,575.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$RDDT Hedge Fund Activity

We have seen 466 institutional investors add shares of $RDDT stock to their portfolio, and 437 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 7,002,549 shares (-70.6%) from their portfolio in Q1 2026, for an estimated $942,893,222
COATUE MANAGEMENT LLC removed 2,760,350 shares (-49.7%) from their portfolio in Q1 2026, for an estimated $371,681,127
VIKING GLOBAL INVESTORS LP added 2,551,617 shares (+inf%) to their portfolio in Q1 2026, for an estimated $343,575,229
GOLDMAN SACHS GROUP INC added 2,082,281 shares (+173.4%) to their portfolio in Q1 2026, for an estimated $280,379,136
ALLIANCEBERNSTEIN L.P. added 1,758,591 shares (+56.5%) to their portfolio in Q1 2026, for an estimated $236,794,278
MARSHALL WACE, LLP added 1,303,731 shares (+109.5%) to their portfolio in Q1 2026, for an estimated $175,547,379
BAILLIE GIFFORD & CO added 1,210,384 shares (+20.2%) to their portfolio in Q2 2026, for an estimated $210,098,454

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RDDT Analyst Ratings

Wall Street analysts have issued reports on $RDDT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 05/01/2026

To track analyst ratings and price targets for $RDDT, check out Quiver Quantitative's $RDDT forecast page.

$RDDT Price Targets

Multiple analysts have issued price targets for $RDDT recently. We have seen 12 analysts offer price targets for $RDDT in the last 6 months, with a median target of $227.5.

Here are some recent targets:

Alec Brondolo from Wells Fargo set a target price of $187.0 on 07/07/2026
Laura Martin from Needham set a target price of $300.0 on 06/24/2026
Rob Sanderson from Loop Capital set a target price of $260.0 on 06/04/2026
Wyatt Swanson from DA Davidson set a target price of $200.0 on 05/01/2026
Thomas Champion from Piper Sandler set a target price of $215.0 on 05/01/2026
Deepak Mathivanan from Cantor Fitzgerald set a target price of $180.0 on 05/01/2026
Mark Mahaney from Evercore ISI Group set a target price of $300.0 on 05/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.