Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) CFO Matthew S. Anderson sold 20,316 shares of the company's stock in a transaction that occurred on Monday, January 15th. The shares were sold at an average price of $1.36, for a total transaction of $27,629.76. Following the completion of the sale, the chief financial officer now owns 109,510 shares of the company's stock, valued at approximately $148,933.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Nextdoor Trading Down 2.0 %
Nextdoor stock opened at $1.92 on Thursday. The firm's 50 day moving average price is $2.06 and its two-hundred day moving average price is $1.84. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.42.
Nextdoor (NYSE:KIND - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $55.56 million for the quarter, compared to analyst estimates of $50.94 million. Nextdoor had a negative net margin of 67.69% and a negative return on equity of 24.22%. As a group, sell-side analysts expect that Nextdoor Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Several large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Nextdoor by 1.0% in the 2nd quarter. State Street Corp now owns 331,463 shares of the company's stock valued at $1,097,000 after buying an additional 3,394 shares during the period. Quantbot Technologies LP increased its stake in shares of Nextdoor by 261.4% during the 1st quarter. Quantbot Technologies LP now owns 4,922 shares of the company's stock worth $29,000 after purchasing an additional 3,560 shares during the last quarter. BlackRock Inc. increased its stake in shares of Nextdoor by 0.3% during the 1st quarter. BlackRock Inc. now owns 1,952,593 shares of the company's stock worth $4,198,000 after purchasing an additional 5,941 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Nextdoor by 7.9% during the 1st quarter. Jane Street Group LLC now owns 80,962 shares of the company's stock worth $174,000 after purchasing an additional 5,947 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Nextdoor by 23.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,324 shares of the company's stock worth $61,000 after purchasing an additional 6,034 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upped their price target on shares of Nextdoor from $1.75 to $2.25 and gave the company a "neutral" rating in a research report on Wednesday, February 28th.
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Nextdoor Company Profile
(
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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.
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