Insider Selling: Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sells 15,000 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sophia Schwartz sold 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.72, for a total value of $25,800.00. Following the transaction, the general counsel now owns 267,445 shares in the company, valued at approximately $460,005.40. This trade represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nextdoor Stock Performance

Nextdoor stock opened at $1.70 on Wednesday. The business’s 50-day simple moving average is $2.43 and its two-hundred day simple moving average is $2.45. The company has a market cap of $654.78 million, a PE ratio of -5.30 and a beta of 1.14. Nextdoor Holdings, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $3.00.

Nextdoor (NYSE:KIND) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $65.23 million for the quarter, compared to the consensus estimate of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. As a group, analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Nextdoor

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Nextdoor by 77.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock worth $25,000 after buying an additional 4,514 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Nextdoor in the fourth quarter worth about $25,000. Creative Planning purchased a new stake in shares of Nextdoor in the third quarter worth about $28,000. SVB Wealth LLC purchased a new stake in shares of Nextdoor in the fourth quarter worth about $27,000. Finally, US Bancorp DE purchased a new stake in shares of Nextdoor in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KIND shares. Craig Hallum started coverage on Nextdoor in a research note on Thursday, January 30th. They set a “buy” rating and a $4.00 target price on the stock. The Goldman Sachs Group dropped their target price on Nextdoor from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, March 3rd.

About Nextdoor

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.