Quadrature Capital Ltd Has $172,000 Stake in Nextdoor Holdings, Inc. (NYSE:KIND)

Quadrature Capital Ltd decreased its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 76.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,501 shares of the company's stock after selling 231,851 shares during the period. Quadrature Capital Ltd's holdings in Nextdoor were worth $172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Potrero Capital Research LLC boosted its position in shares of Nextdoor by 29.4% in the third quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company's stock valued at $7,185,000 after acquiring an additional 657,492 shares during the period. Renaissance Technologies LLC raised its stake in Nextdoor by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company's stock valued at $5,044,000 after purchasing an additional 200,500 shares during the last quarter. Marshall Wace LLP bought a new stake in Nextdoor in the 2nd quarter valued at $4,327,000. Millennium Management LLC boosted its holdings in Nextdoor by 59.7% in the 2nd quarter. Millennium Management LLC now owns 1,406,953 shares of the company's stock valued at $3,911,000 after purchasing an additional 526,108 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Nextdoor by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company's stock worth $3,487,000 after purchasing an additional 75,229 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company's stock.

Insider Transactions at Nextdoor

In related news, General Counsel Sophia Schwartz sold 17,529 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total value of $45,224.82. Following the transaction, the general counsel now owns 304,666 shares in the company, valued at $786,038.28. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 37,751 shares of company stock worth $94,904. Insiders own 46.04% of the company's stock.

Wall Street Analysts Forecast Growth

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

Nextdoor Stock Down 5.7 %

KIND traded down $0.16 during midday trading on Thursday, reaching $2.55. 3,136,120 shares of the company's stock were exchanged, compared to its average volume of 1,621,181. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $2.99. The firm has a market capitalization of $972.55 million, a price-to-earnings ratio of -7.95 and a beta of 1.07. The business has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.53.

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