239,246 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Purchased by Travelers Companies Inc.

Travelers Companies Inc. acquired a new position in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 239,246 shares of the company's stock, valued at approximately $593,000. Nextdoor makes up approximately 0.5% of Travelers Companies Inc.'s investment portfolio, making the stock its 2nd largest position. Travelers Companies Inc. owned approximately 0.06% of Nextdoor at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of Nextdoor by 9.5% in the 1st quarter. Swiss National Bank now owns 305,600 shares of the company's stock valued at $688,000 after buying an additional 26,400 shares in the last quarter. Vanguard Group Inc. grew its position in Nextdoor by 18.5% in the first quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company's stock valued at $36,442,000 after acquiring an additional 2,529,694 shares during the period. Quadrature Capital Ltd raised its stake in Nextdoor by 91.9% during the first quarter. Quadrature Capital Ltd now owns 107,354 shares of the company's stock worth $241,000 after acquiring an additional 51,425 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Nextdoor by 28.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,779 shares of the company's stock valued at $99,000 after acquiring an additional 9,689 shares during the period. Finally, FourWorld Capital Management LLC bought a new stake in shares of Nextdoor in the 1st quarter worth about $496,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Trading Up 0.8 %

Shares of Nextdoor stock traded up $0.02 on Wednesday, reaching $2.48. The stock had a trading volume of 1,583,548 shares, compared to its average volume of 1,600,629. The company has a market cap of $947.71 million, a P/E ratio of -7.69 and a beta of 1.08. Nextdoor Holdings, Inc. has a 1 year low of $1.32 and a 1 year high of $2.99. The business's 50 day moving average is $2.46 and its two-hundred day moving average is $2.52.

Nextdoor (NYSE:KIND - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $65.61 million during 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 period last year, the business earned ($0.10) EPS. On average, equities analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on KIND shares. The Goldman Sachs Group raised their price objective on Nextdoor from $2.50 to $3.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price objective on shares of Nextdoor from $2.20 to $2.50 and gave the stock an "equal weight" rating in a research report on Tuesday, July 23rd.

Insider Buying and Selling at Nextdoor

In related news, General Counsel Sophia Schwartz sold 17,529 shares of Nextdoor stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total transaction of $45,224.82. Following the completion of the transaction, the general counsel now directly owns 304,666 shares of the company's stock, valued at approximately $786,038.28. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 46.04% of the company's stock.

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.