Nextdoor Holdings, Inc. (NYSE:KIND) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 62.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 725,345 shares of the company's stock after purchasing an additional 278,185 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of Nextdoor worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KIND. XTX Topco Ltd acquired a new stake in shares of Nextdoor in the 2nd quarter valued at about $28,000. Creative Planning purchased a new stake in Nextdoor in the third quarter valued at approximately $28,000. Xponance Inc. acquired a new stake in shares of Nextdoor in the second quarter valued at approximately $31,000. Savvy Advisors Inc. purchased a new position in shares of Nextdoor during the third quarter worth approximately $61,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Nextdoor during the 3rd quarter worth $79,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 16,834 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $2.45, for a total transaction of $41,243.30. Following the sale, the general counsel now directly owns 215,536 shares in the company, valued at approximately $528,063.20. The trade was a 7.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 20,222 shares of company stock worth $49,679 over the last 90 days. Company insiders own 46.04% of the company's stock.

Nextdoor Price Performance

Shares of NYSE:KIND traded up $0.04 during trading on Thursday, reaching $2.43. The company had a trading volume of 1,527,197 shares, compared to its average volume of 1,055,238. Nextdoor Holdings, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $2.99. The stock's fifty day moving average price is $2.45 and its 200 day moving average price is $2.51. The firm has a market capitalization of $926.69 million, a price-to-earnings ratio of -7.58 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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The company had revenue of $65.61 million for the quarter, compared to analysts' expectations of $62.10 million. During the same period in the previous year, the company posted ($0.10) EPS. On average, equities analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.