Key Points
- Nextdoor CAO Antoinette How sold 154,893 shares at an average price of $2.43, totaling approximately $376,390 and reducing her position by 50%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Nextdoor reported quarterly revenue of $74.55 million and an adjusted loss of $0.01 per share, beating analyst estimates of $72.10 million in revenue and a $0.02-per-share loss.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $2.80; the stock recently opened at $2.48, while institutional investors own 35.66% of shares.
Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CAO Antoinette How sold 154,893 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $2.43, for a total transaction of $376,389.99. Following the completion of the sale, the chief accounting officer owned 154,893 shares in the company, valued at $376,389.99. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Antoinette How also recently made the following trade(s):
- On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The stock was sold at an average price of $2.25, for a total value of $80,057.25.
Nextdoor Price Performance
NXDR opened at $2.48 on Friday. Nextdoor Holdings, Inc. has a 12 month low of $1.33 and a 12 month high of $3.72. The stock has a market cap of $943.94 million, a P/E ratio of -30.94 and a beta of 1.37. The stock's 50 day moving average price is $2.38 and its 200 day moving average price is $2.01.
Nextdoor (NYSE:NXDR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Nextdoor had a negative return on equity of 6.16% and a negative net margin of 11.08%.The company had revenue of $74.55 million during the quarter, compared to analyst estimates of $72.10 million. Equities analysts anticipate that Nextdoor Holdings, Inc. will post -0.05 EPS for the current year.
Institutional Investors Weigh In On Nextdoor
Large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Nextdoor by 24.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,707,745 shares of the company's stock worth $3,791,000 after purchasing an additional 530,913 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in Nextdoor in the 4th quarter worth about $798,000. Bond Capital Management LP acquired a new stake in Nextdoor during the 4th quarter worth about $2,937,000. Squarepoint Ops LLC raised its holdings in Nextdoor by 51.4% during the 2nd quarter. Squarepoint Ops LLC now owns 789,512 shares of the company's stock worth $1,792,000 after buying an additional 268,007 shares during the period. Finally, Oasis Management Co Ltd. purchased a new stake in Nextdoor during the fourth quarter valued at about $525,000. 35.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. B. Riley Financial upgraded shares of Nextdoor from a "neutral" rating to a "buy" rating and increased their target price for the company from $2.00 to $3.30 in a research report on Thursday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Nextdoor in a research report on Friday, July 10th. Finally, Citigroup upped their price target on shares of Nextdoor from $2.30 to $2.85 and gave the stock a "neutral" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $2.80.
Get Our Latest Stock Report on NXDR
Nextdoor Company Profile
(
Get Free Report)
Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform available through mobile applications and the web. The service enables people to connect with nearby residents, exchange local information, request and provide recommendations, share alerts, and discuss community issues. Users generally join neighborhood networks tied to their residential locations, helping Nextdoor support conversations based on geographic communities.
The platform also offers features for local businesses, public agencies, and nonprofit organizations.
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