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

Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) General Counsel Sophia Schwartz sold 15,000 shares of the business'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 sale, the general counsel now directly owns 267,445 shares in the company, valued at $460,005.40. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nextdoor Stock Performance

Shares of NYSE:KIND traded up $0.07 during trading on Tuesday, reaching $1.70. 2,603,201 shares of the stock traded hands, compared to its average volume of 2,078,174. The stock has a market cap of $654.78 million, a P/E ratio of -5.30 and a beta of 1.14. The stock has a 50-day moving average of $2.43 and a two-hundred day moving average of $2.45. Nextdoor Holdings, Inc. has a 52-week low of $1.60 and a 52-week high of $3.00.

Nextdoor (NYSE:KIND - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). The business had revenue of $65.23 million during the quarter, compared to analyst estimates of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. Sell-side analysts expect that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on KIND. Craig Hallum started coverage on Nextdoor in a report on Thursday, January 30th. They issued a "buy" rating and a $4.00 target price on the stock. The Goldman Sachs Group lowered their price target on Nextdoor from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Monday, March 3rd.

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Hedge Funds Weigh In On Nextdoor

A number of hedge funds have recently bought and sold shares of KIND. AXQ Capital LP bought a new stake in shares of Nextdoor in the fourth quarter worth approximately $25,000. Tower Research Capital LLC TRC boosted its holdings in Nextdoor by 77.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company's stock worth $25,000 after purchasing an additional 4,514 shares during the last quarter. SVB Wealth LLC bought a new stake in Nextdoor in the 4th quarter worth approximately $27,000. Creative Planning bought a new stake in Nextdoor in the 3rd quarter worth approximately $28,000. Finally, US Bancorp DE purchased a new stake in Nextdoor during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 35.66% of the company's stock.

Nextdoor Company 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.

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