Sophia Schwartz Sells 15,000 Shares of Nextdoor Holdings, Inc. (NYSE:KIND) Stock

Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sophia Schwartz sold 15,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.72, for a total transaction of $25,800.00. Following the completion of the transaction, the general counsel now owns 267,445 shares in the company, valued at $460,005.40. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nextdoor Stock Up 1.5 %

NYSE:KIND opened at $1.72 on Thursday. Nextdoor Holdings, Inc. has a 52 week low of $1.60 and a 52 week high of $3.00. The firm has a 50 day moving average of $2.41 and a 200 day moving average of $2.44. The stock has a market capitalization of $662.51 million, a price-to-earnings ratio of -5.36 and a beta of 1.14.

Nextdoor (NYSE:KIND) last posted its earnings results on Thursday, February 27th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The company had revenue of $65.23 million during the quarter, compared to analysts’ expectations of $63.12 million. As a group, analysts expect that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KIND shares. Craig Hallum began coverage on shares of Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 target price on the stock. The Goldman Sachs Group dropped their price objective on shares of Nextdoor from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Nextdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Nextdoor by 6.3% during the fourth quarter. Vanguard Group Inc. now owns 17,609,806 shares of the company’s stock valued at $41,735,000 after acquiring an additional 1,041,258 shares during the last quarter. Cannell Capital LLC raised its holdings in shares of Nextdoor by 8.4% in the fourth quarter. Cannell Capital LLC now owns 6,733,574 shares of the company’s stock worth $15,959,000 after buying an additional 524,342 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nextdoor by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 4,258,509 shares of the company’s stock worth $10,095,000 after buying an additional 215,781 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Nextdoor by 98.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,967,200 shares of the company’s stock worth $9,402,000 after buying an additional 1,965,300 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Nextdoor by 1.3% in the third quarter. State Street Corp now owns 3,568,959 shares of the company’s stock worth $8,851,000 after buying an additional 46,595 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

About Nextdoor

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.