Key Points
- Nextdoor CRO Michael Kiernan sold 50,000 shares at an average price of $2.54, totaling $127,000. The Rule 10b5-1 transaction reduced his direct holdings by 9.88% to 455,917 shares.
- Nextdoor shares were trading near $2.51, with a 12-month range of $1.33 to $3.72 and a market capitalization of approximately $957 million. The company recently beat quarterly revenue and EPS expectations but remains unprofitable.
- Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $2.80; institutional investors own about 35.66% of the company.
Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CRO Michael Kiernan sold 50,000 shares of Nextdoor stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $2.54, for a total value of $127,000.00. Following the transaction, the executive directly owned 455,917 shares of the company's stock, valued at $1,158,029.18. The trade was a 9.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Kiernan also recently made the following trade(s):
- On Tuesday, September 22nd, Michael Kiernan sold 50,000 shares of Nextdoor stock. The shares were sold at an average price of $2.54, for a total value of $127,000.00.
Nextdoor Trading Down 4.6%
Shares of Nextdoor stock opened at $2.51 on Friday. Nextdoor Holdings, Inc. has a 12-month low of $1.33 and a 12-month high of $3.72. The company has a market cap of $957.28 million, a price-to-earnings ratio of -31.37 and a beta of 1.41. The company's 50-day moving average price is $2.42 and its 200-day moving average price is $2.19.
Nextdoor (NYSE:NXDR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The company had revenue of $74.55 million during the quarter, compared to analyst estimates of $72.10 million. Nextdoor had a negative net margin of 11.08% and a negative return on equity of 6.16%. On average, sell-side analysts predict that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current year.
Hedge Funds Weigh In On Nextdoor
A number of hedge funds and other institutional investors have recently bought and sold shares of NXDR. Renaissance Technologies LLC increased its holdings in shares of Nextdoor by 4.7% in the 1st quarter. Renaissance Technologies LLC now owns 3,112,000 shares of the company's stock worth $4,357,000 after buying an additional 139,661 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 530,913 shares in the last quarter. Squarepoint Ops LLC increased 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 acquiring an additional 268,007 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Nextdoor by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 542,691 shares of the company's stock valued at $760,000 after acquiring an additional 22,462 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in Nextdoor in the fourth quarter valued at $369,000. Hedge funds and other institutional investors own 35.66% of the company's stock.
Wall Street Analyst Weigh In
NXDR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nextdoor in a research report on Tuesday, October 6th. Citigroup lifted their price objective on Nextdoor from $2.30 to $2.85 and gave the company a "neutral" rating in a research note on Monday, August 17th. Finally, B. Riley Financial upgraded Nextdoor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $2.00 to $3.30 in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.80.
Check Out Our Latest Research Report on Nextdoor
Nextdoor Company Profile
(
Get Free Report)
Nextdoor Holdings, Inc operates Nextdoor, a social networking platform designed to connect people with others in their local communities. The platform enables verified neighbors to share recommendations, local news, safety information, event announcements, alerts, and other community updates.
In addition to its consumer platform, Nextdoor provides tools for local businesses, public agencies, nonprofit organizations, and other community organizations. These users can create business or agency pages, communicate with nearby residents, promote products and services, and distribute relevant information.
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