Nextdoor Holdings, Inc. (NYSE:KIND) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,609,806 shares of the company's stock after purchasing an additional 1,041,258 shares during the quarter. Vanguard Group Inc. owned approximately 4.61% of Nextdoor worth $41,735,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KIND. AXQ Capital LP acquired a new stake in Nextdoor in the fourth quarter valued at approximately $25,000. SVB Wealth LLC acquired a new position in Nextdoor during the 4th quarter valued at about $27,000. US Bancorp DE purchased a new stake in Nextdoor in the fourth quarter valued at about $29,000. Cibc World Markets Corp acquired a new stake in Nextdoor in the fourth quarter worth about $38,000. Finally, Virtu Financial LLC purchased a new stake in shares of Nextdoor during the fourth quarter worth about $41,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $1.72, for a total transaction of $25,800.00. Following the sale, the general counsel now owns 267,445 shares in the company, valued at approximately $460,005.40. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 46.04% of the stock is owned by corporate insiders.

Nextdoor Price Performance

NYSE:KIND traded down $0.04 during midday trading on Thursday, hitting $1.45. The company's stock had a trading volume of 165,708 shares, compared to its average volume of 2,026,973. Nextdoor Holdings, Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $3.00. The firm's 50 day moving average is $1.90 and its 200-day moving average is $2.28. The firm has a market cap of $558.21 million, a P/E ratio of -4.52 and a beta of 1.16.

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

Analyst Ratings Changes

KIND has been the topic of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a research report on Monday. Craig Hallum assumed coverage on Nextdoor in a research report on Thursday, January 30th. They issued a "buy" rating and a $4.00 target price 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.