Nikko Asset Management Americas Inc. Has $21.11 Million Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

Nikko Asset Management Americas Inc. decreased its stake in Nextdoor Holdings, Inc. (NYSE:KIND) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,907,840 shares of the company’s stock after selling 976,921 shares during the period. Nikko Asset Management Americas Inc. owned 2.33% of Nextdoor worth $21,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KIND. SVB Wealth LLC acquired a new stake in Nextdoor during the fourth quarter worth approximately $27,000. US Bancorp DE acquired a new stake in Nextdoor during the fourth quarter worth approximately $29,000. Cibc World Markets Corp acquired a new stake in Nextdoor during the fourth quarter worth approximately $38,000. R Squared Ltd acquired a new stake in Nextdoor during the fourth quarter worth approximately $45,000. Finally, Intech Investment Management LLC acquired a new stake in Nextdoor during the third quarter worth approximately $84,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Insider Activity

In other news, General Counsel Sophia Schwartz sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.72, for a total value of $25,800.00. Following the transaction, the general counsel now owns 267,445 shares in the company, valued at $460,005.40. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 46.04% of the company’s stock.

Nextdoor Stock Performance

Shares of Nextdoor stock opened at $1.66 on Monday. Nextdoor Holdings, Inc. has a 52 week low of $1.60 and a 52 week high of $3.00. The stock has a 50 day moving average price of $2.37 and a two-hundred day moving average price of $2.43. The stock has a market capitalization of $639.33 million, a PE ratio of -5.17 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KIND shares. Craig Hallum started coverage on Nextdoor in a research note on Thursday, January 30th. They set a “buy” rating and a $4.00 target price for the company. The Goldman Sachs Group decreased their target price on Nextdoor from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Monday, March 3rd.

Nextdoor Profile

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.