Sophia Schwartz Sells 17,529 Shares of Nextdoor Holdings, Inc. (NYSE:KIND) Stock

Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sophia Schwartz sold 17,529 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total value of $45,224.82. Following the transaction, the general counsel now owns 304,666 shares of the company’s stock, valued at approximately $786,038.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nextdoor Trading Down 1.2 %

NYSE KIND opened at $2.51 on Friday. The stock has a market cap of $979.61 million, a PE ratio of -6.97 and a beta of 1.08. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $2.99. The stock has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.45.

Nextdoor (NYSE:KIND) last announced its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. The company had revenue of $63.29 million during the quarter, compared to analysts’ expectations of $58.80 million. Research analysts predict that Nextdoor Holdings, Inc. will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley increased their price target on Nextdoor from $2.20 to $2.50 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd.

Hedge Funds Weigh In On Nextdoor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Nextdoor by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock valued at $36,442,000 after acquiring an additional 2,529,694 shares during the period. Westside Investment Management Inc. boosted its holdings in Nextdoor by 294.3% during the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock valued at $35,000 after acquiring an additional 11,500 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Nextdoor by 21.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,698,259 shares of the company’s stock valued at $26,321,000 after acquiring an additional 2,058,131 shares during the period. Millennium Management LLC boosted its holdings in Nextdoor by 59.7% during the 2nd quarter. Millennium Management LLC now owns 1,406,953 shares of the company’s stock valued at $3,911,000 after acquiring an additional 526,108 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Nextdoor by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock valued at $5,044,000 after acquiring an additional 200,500 shares during the period. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.