Barclays PLC Purchases 204,729 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

Barclays PLC lifted its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 326.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,490 shares of the company's stock after purchasing an additional 204,729 shares during the quarter. Barclays PLC owned 0.07% of Nextdoor worth $663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Nextdoor during the 2nd quarter worth approximately $28,000. Creative Planning bought a new stake in shares of Nextdoor during the third quarter worth $28,000. Xponance Inc. bought a new stake in shares of Nextdoor during the second quarter worth $31,000. Savvy Advisors Inc. acquired a new stake in shares of Nextdoor during the third quarter worth $61,000. Finally, Asset Management One Co. Ltd. bought a new stake in Nextdoor in the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 35.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their target price on Nextdoor from $2.50 to $3.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th.

Insider Transactions at Nextdoor

In other news, General Counsel Sophia Schwartz sold 16,834 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total transaction of $41,243.30. Following the sale, the general counsel now owns 215,536 shares in the company, valued at $528,063.20. This represents a 7.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 20,222 shares of company stock worth $49,679 in the last three months. Insiders own 46.04% of the company's stock.

Nextdoor Stock Performance

NYSE KIND traded up $0.03 during trading on Friday, hitting $2.42. The stock had a trading volume of 953,951 shares, compared to its average volume of 1,047,932. Nextdoor Holdings, Inc. has a 12 month low of $1.52 and a 12 month high of $2.99. The company's 50-day moving average price is $2.46 and its two-hundred day moving average price is $2.51. The company has a market capitalization of $922.87 million, a PE ratio of -7.55 and a beta of 1.05.

Nextdoor (NYSE:KIND - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $65.61 million for the quarter, compared to analyst estimates of $62.10 million. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, equities analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

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.