Nextdoor Holdings, Inc. (NYSE:KIND) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,907,840 shares of the company's stock after selling 976,921 shares during the quarter. Nikko Asset Management Americas Inc. owned 2.33% of Nextdoor worth $21,112,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Nextdoor during the fourth quarter valued at approximately $27,000. US Bancorp DE acquired a new position in shares of Nextdoor in the 4th quarter valued at $29,000. Cibc World Markets Corp acquired a new position in shares of Nextdoor in the 4th quarter valued at $38,000. R Squared Ltd purchased a new stake in Nextdoor during the fourth quarter worth $45,000. Finally, Intech Investment Management LLC acquired a new stake in Nextdoor during the third quarter valued at $84,000. Hedge funds and other institutional investors own 35.66% of the company's stock.

Nextdoor Stock Down 0.3 %

Shares of NYSE KIND traded down $0.01 during trading on Friday, hitting $1.70. The company had a trading volume of 2,354,986 shares, compared to its average volume of 1,674,809. The firm has a market capitalization of $654.78 million, a price-to-earnings ratio of -5.30 and a beta of 1.14. The stock has a fifty day simple moving average of $2.31 and a two-hundred day simple moving average of $2.40. Nextdoor Holdings, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $3.00.

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

Insider Transactions at Nextdoor

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the company'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 completion of the transaction, the general counsel now directly owns 267,445 shares of the company's stock, valued at $460,005.40. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 46.04% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price 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. Craig Hallum initiated coverage on Nextdoor in a research report on Thursday, January 30th. They set a "buy" rating and a $4.00 price target on the 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.