Comprehensive Financial Management LLC Acquires 64,000 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

Comprehensive Financial Management LLC boosted its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 133.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,000 shares of the company’s stock after acquiring an additional 64,000 shares during the period. Comprehensive Financial Management LLC’s holdings in Nextdoor were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Nextdoor by 18.5% in the 1st quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock valued at $36,442,000 after buying an additional 2,529,694 shares in the last quarter. Renaissance Technologies LLC increased its stake in Nextdoor by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock worth $5,044,000 after acquiring an additional 200,500 shares during the period. Marshall Wace LLP acquired a new position in Nextdoor in the 2nd quarter valued at $4,327,000. Millennium Management LLC lifted its position in shares of 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, Charles Schwab Investment Management Inc. grew its holdings in shares of Nextdoor by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock worth $3,487,000 after purchasing an additional 75,229 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Insider Activity at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 17,529 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total value of $45,224.82. Following the completion of the transaction, the general counsel now owns 304,666 shares of the company’s stock, valued at $786,038.28. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 46.04% of the stock is owned by insiders.

Nextdoor Stock Up 0.4 %

Shares of KIND stock opened at $2.43 on Monday. The business has a fifty day simple moving average of $2.48 and a 200 day simple moving average of $2.52. The company has a market cap of $928.61 million, a P/E ratio of -7.59 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.

Nextdoor (NYSE:KIND) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The firm had revenue of $65.61 million during the quarter, compared to analysts’ expectations of $62.10 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. As a group, equities research analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their target price on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Nextdoor 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.