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The transaction involved the sale of 18,000 shares for ~$2.7 million at $148.02 per share on August 31, 2026. Traded shares were equal to 5% of the total equity stake held before the filing.

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Reddit's 15% slide reflects search traffic volatility and valuation concerns, even as ad revenues, users, and ARPU continue to grow.

Reddit (NYSE:RDDT | RDDT Price Prediction) stock is rallying Wednesday morning after a research note from Baird argued the market has already discounted the worst outcome for the company's two AI data licensing agreements, both of which expire next year.

Reddit is rated a buy with a fair value of $230, implying 50% upside from current levels, based on robust earnings growth and margin expansion. RDDT consistently beats revenue guidance, with recent quarters exceeding midpoint by 8–12%, and Q3 growth could reach the low-to-mid-60% range. Advertising revenue is broad-based, driven by automation and proprietary data, with international and SMB channels accelerating and…