Key Points
- Nextdoor CAO Antoinette How sold 10,800 shares at an average price of $2.72, generating $29,376 and reducing her direct ownership by 50%. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan.
- How has also sold more than 230,000 additional shares since early September, totaling approximately $561,647 in proceeds.
- Nextdoor shares were trading at $2.60, up 4.0%, while analyst sentiment remained mixed: the stock carries a consensus “Hold” rating and an average price target of $2.80.
Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CAO Antoinette How sold 10,800 shares of the company's stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $2.72, for a total transaction of $29,376.00. Following the sale, the chief accounting officer directly owned 10,800 shares in the company, valued at approximately $29,376. 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Antoinette How also recently made the following trade(s):
- On Monday, September 21st, Antoinette How sold 40,000 shares of Nextdoor stock. The stock was sold at an average price of $2.63, for a total transaction of $105,200.00.
- On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The stock was sold at an average price of $2.43, for a total value of $376,389.99.
- On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The shares were sold at an average price of $2.25, for a total value of $80,057.25.
Nextdoor Trading Up 4.0%
Shares of NYSE NXDR opened at $2.60 on Friday. The stock has a market cap of $991.61 million, a P/E ratio of -32.50 and a beta of 1.41. The business's fifty day simple moving average is $2.43 and its 200-day simple moving average is $2.15. Nextdoor Holdings, Inc. has a 12-month low of $1.33 and a 12-month high of $3.72.
Nextdoor (NYSE:NXDR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.01) EPS for the quarter, topping 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 firm had revenue of $74.55 million during the quarter, compared to analysts' expectations of $72.10 million. On average, equities analysts forecast that Nextdoor Holdings, Inc. will post -0.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
NXDR has been the subject of several recent research reports. B. Riley Financial upgraded Nextdoor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $2.00 to $3.30 in a research note on Thursday, August 6th. Citigroup upped their target price 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. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Nextdoor in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2.80.
View Our Latest Stock Report on NXDR
Hedge Funds Weigh In On Nextdoor
A number of institutional investors and hedge funds have recently modified their holdings of the company. Creek Drive Management Group LLC acquired a new position in shares of Nextdoor during the fourth quarter worth $2,625,000. Altshuler Shaham Ltd acquired a new stake in Nextdoor in the fourth quarter valued at $1,491,000. Arrowstreet Capital Limited Partnership raised its stake in Nextdoor by 24.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,707,745 shares of the company's stock valued at $3,791,000 after buying an additional 530,913 shares in the last quarter. Squarepoint Ops LLC raised its stake in Nextdoor by 51.4% in the second quarter. Squarepoint Ops LLC now owns 789,512 shares of the company's stock valued at $1,792,000 after buying an additional 268,007 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in Nextdoor during the 4th quarter worth about $369,000. Institutional investors and hedge funds 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 that helps people connect with verified neighbors and exchange information about their local communities. Through its website and mobile applications, users can share recommendations, discuss local issues, request or offer help, report safety concerns, and discover events, services, and activities nearby.
The platform also provides tools for local businesses, public agencies, and nonprofit organizations.
Featured Stories
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].
