GatePass Capital LLC initiated a new position in RDDT during the third quarter, acquiring 5,022 shares valued at approximately $1.155 million, according to its latest SEC filing. In the first quarter, NewEdge Advisors LLC increased its stake by 143.3%, adding 4,701 shares to reach a total of 7,982 shares worth $837,000. Empowered Funds LLC also entered the register with a $213,000 purchase. UBS Asset Management Americas more than doubled its holding, buying an additional 111,780 shares to bring its total to 216,960 shares valued at $22.759 million. Focus Partners Wealth grew its position by 40.8%, adding 2,965 shares for a total of 10,224 shares worth $1.073 million, while Geneos Wealth Management Inc. bolstered its stake by 344.6%, ending the period with 369 shares valued at $39,000. These movements reflect a broadening institutional interest in Reddit’s growth prospects and revenue momentum.

Insider sales have accelerated over the past quarter, with Benjamin Seong Lee divesting 3,320 shares at an average price of $260.22, generating proceeds of $863,930.40 and reducing his holding to 62,608 shares. Chief Operating Officer Jennifer L. Wong sold 39,167 shares at an average of $234.37, netting $9,179,569.79 and lowering her position to 1,184,528 shares. Over the last ninety days, insiders have disposed of 505,470 shares for a total of $109.0 million, representing 34.25% of insider-owned stock. While some level of insider selling is typical, the scale of these transactions may prompt investors to scrutinize near-term confidence among executive leadership.

In its third quarter report, Reddit delivered earnings per share of $0.80, surpassing the consensus estimate by $0.30, and generated revenue of $584.91 million, topping forecasts by $38.26 million. The company reported a net margin of 18.33% and a return on equity of 14.94%, with revenue up 67.9% year-over-year from $348 million in the same quarter last year. Analysts project full-year earnings per share of 1.12, underpinned by continued strength in advertising demand and enterprise API integrations. This robust top-line growth and margin expansion underscore Reddit’s progress toward monetizing its large and engaged user base.