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RDDT
LONGINSIDER SELLREDDIT INC
Funds
4
Score
5.50
vs SPY
+14.4%
Stock return (since Q-end)
+30.7%
SPY return (since Q-end)
+16.3%
Current price
$176.00
News Summary
PositiveReddit delivered exceptional Q1 2026 results with 69% YoY revenue growth, EPS beat by 63%, and raised Q2 guidance, driven by strong ad momentum (74% YoY growth), robust user growth (126.8M DAU, +17% YoY), and AI monetization initiatives including data licensing ($39M 'other revenue'). However, material headwinds include a recent analyst downgrade citing 2026 revenue forecast cuts, planned reduction in public metric transparency, potential EU AI Act compliance issues around data licensing, and elevated stock volatility.
Red flags
- •Phillip Securities downgrade to Accumulate with 17% PT cut (from $240 to $200) citing Q1 results below expectations
- •Company signaling phase-out of detailed user engagement metrics from late 2026, raising transparency concerns
- •EU AI Act enforcement in 2026 creates regulatory risk to data licensing revenue stream (currently $39M 'other revenue')
- •Mixed analyst commentary despite consensus Buy rating suggests execution risk and volatility ahead
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Viking Global | Andreas Halvorsen | 2.6M | +2.6M | $343.6B | — | NEW |
| D1 Capital | Dan Sundheim | 2.5M | +340K | $331.1B | +16% | Existing |
| Soros Fund Management | Soros Family Office | 24K | +24K | $3.2B | — | NEW |
| Point72 | Steve Cohen | 5K | +5K | $611M | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|
| Wong Jennifer L. | Chief Operating Officer | SELL | 800 | $154.60 | $0.12M | 2026-05-18 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 600 | $155.58 | $0.09M | 2026-05-18 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 5K | $156.92 | $0.78M | 2026-05-18 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 6K | $157.67 | $1.02M | 2026-05-18 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 17K | $158.85 | $2.69M | 2026-05-18 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 7K | $159.66 | $1.11M | 2026-05-18 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 3K | $160.47 | $0.40M | 2026-05-18 |
| Huffman Steve Ladd | CEO & President | SELL | 700 | $154.19 | $0.11M | 2026-05-15 |
| Huffman Steve Ladd | CEO & President | SELL | 2K | $155.22 | $0.31M | 2026-05-15 |
| Huffman Steve Ladd | CEO & President | SELL | 3K | $156.40 | $0.52M | 2026-05-15 |
| Huffman Steve Ladd | CEO & President | SELL | 4K | $157.17 | $0.66M | 2026-05-15 |
| Huffman Steve Ladd | CEO & President | SELL | 7K | $158.20 | $1.18M | 2026-05-15 |
| Huffman Steve Ladd | CEO & President | SELL | 300 | $158.96 | $0.05M | 2026-05-15 |
| Huffman Steve Ladd | CEO & President | SELL | 1K | $168.53 | $0.20M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 1K | $169.76 | $0.20M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 4K | $170.90 | $0.63M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 7K | $171.90 | $1.25M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 2K | $172.82 | $0.32M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 2K | $173.78 | $0.30M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 700 | $174.71 | $0.12M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 300 | $175.92 | $0.05M | 2026-05-05 |
| Huffman Steve Ladd | CEO & President | SELL | 100 | $176.81 | $0.02M | 2026-05-05 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 900 | $157.93 | $0.14M | 2026-04-16 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 2K | $159.08 | $0.37M | 2026-04-16 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 3K | $160.05 | $0.43M | 2026-04-16 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 9K | $161.01 | $1.40M | 2026-04-16 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 23K | $162.08 | $3.73M | 2026-04-16 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 1K | $162.86 | $0.23M | 2026-04-16 |
| Wong Jennifer L. | Chief Operating Officer | SELL | 200 | $163.58 | $0.03M | 2026-04-16 |
| Huffman Steve Ladd | CEO & President | SELL | 500 | $156.41 | $0.08M | 2026-04-15 |
| Huffman Steve Ladd | CEO & President | SELL | 3K | $157.41 | $0.41M | 2026-04-15 |
| Huffman Steve Ladd | CEO & President | SELL | 12K | $158.48 | $1.84M | 2026-04-15 |
| Huffman Steve Ladd | CEO & President | SELL | 3K | $159.21 | $0.53M | 2026-04-15 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 3K | $144.83 | $0.46M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 300 | $145.83 | $0.04M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 2K | $146.83 | $0.25M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 1K | $147.85 | $0.19M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 500 | $148.83 | $0.07M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 100 | $149.96 | $0.01M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 100 | $151.03 | $0.02M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 200 | $153.39 | $0.03M | 2026-04-08 |
| Slowe Christopher Brian | Chief Technology Officer | SELL | 8K | $154.47 | $1.25M | 2026-04-08 |
| Huffman Steve Ladd | CEO & President | SELL | 700 | $126.40 | $0.09M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 400 | $127.44 | $0.05M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 2K | $128.57 | $0.22M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 900 | $129.40 | $0.12M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 897 | $130.94 | $0.12M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 2K | $131.64 | $0.28M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 4K | $134.16 | $0.52M | 2026-03-31 |
| Huffman Steve Ladd | CEO & President | SELL | 7K | $134.84 | $1.00M | 2026-03-31 |