Key Points
- Nextdoor’s chief accounting officer Antoinette How sold 40,000 shares at an average price of $2.63, totaling $105,200. The Rule 10b5-1 transaction reduced her holdings by 50% to 40,000 shares, following additional sales earlier in September.
- Nextdoor reported quarterly revenue of $74.55 million and an adjusted EPS loss of $0.01, beating analyst estimates, but continues to post negative margins and return on equity.
- Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $2.80. Shares opened at $2.37, while institutional investors own approximately 35.66% of the company.
Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CAO Antoinette How sold 40,000 shares of the firm's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $2.63, for a total transaction of $105,200.00. Following the sale, the chief accounting officer owned 40,000 shares in the company, valued at $105,200. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The shares were sold at an average price of $2.43, for a total transaction of $376,389.99.
- 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 transaction of $80,057.25.
Nextdoor Stock Performance
Shares of NXDR stock opened at $2.37 on Thursday. Nextdoor Holdings, Inc. has a 52-week low of $1.33 and a 52-week high of $3.72. The firm has a market capitalization of $901.99 million, a PE ratio of -29.56 and a beta of 1.37. The stock has a fifty day simple moving average of $2.38 and a two-hundred day simple moving average of $2.04.
Nextdoor (NYSE:NXDR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 business had revenue of $74.55 million for the quarter, compared to the consensus estimate of $72.10 million. On average, sell-side analysts forecast that Nextdoor Holdings, Inc. will post -0.05 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently issued reports on NXDR shares. Citigroup lifted their target price on Nextdoor from $2.30 to $2.85 and gave the company a "neutral" rating in a research note on Monday, August 17th. B. Riley Financial upgraded Nextdoor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $2.00 to $3.30 in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Nextdoor in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $2.80.
Read Our Latest Report on Nextdoor
Institutional Trading of Nextdoor
Hedge funds have recently bought and sold shares of the stock. Amova Asset Management Americas Inc. bought a new position in shares of Nextdoor during the 4th quarter valued at about $24,871,000. Renaissance Technologies LLC grew its position in shares of Nextdoor by 4.7% during the first quarter. Renaissance Technologies LLC now owns 3,112,000 shares of the company's stock valued at $4,357,000 after purchasing an additional 139,661 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Nextdoor by 24.4% in 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 last quarter. Bond Capital Management LP bought a new stake in shares of Nextdoor in the fourth quarter worth about $2,937,000. Finally, Creek Drive Management Group LLC purchased a new stake in shares of Nextdoor in the fourth quarter worth about $2,625,000. Hedge funds and other institutional investors own 35.66% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
