Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) General Counsel Sophia Schwartz sold 16,834 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the transaction, the general counsel now directly owns 215,536 shares in the company, valued at $528,063.20. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Sophia Schwartz also recently made the following trade(s):
- On Monday, November 18th, Sophia Schwartz sold 2,259 shares of Nextdoor stock. The shares were sold at an average price of $2.36, for a total value of $5,331.24.
- On Wednesday, October 16th, Sophia Schwartz sold 17,529 shares of Nextdoor stock. The shares were sold at an average price of $2.58, for a total value of $45,224.82.
Nextdoor Trading Down 0.4 %
Shares of KIND opened at $2.50 on Thursday. The firm has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $2.53. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $2.99.
Nextdoor (NYSE:KIND - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The business 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 in the previous year, the business earned ($0.10) EPS. As a group, analysts forecast that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.
Analyst Ratings Changes
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Separately, The Goldman Sachs Group boosted their target price on shares of Nextdoor from $2.50 to $3.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th.
View Our Latest Stock Analysis on Nextdoor
Institutional Investors Weigh In On Nextdoor
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Nextdoor by 326.2% in the 3rd quarter. Barclays PLC now owns 267,490 shares of the company's stock worth $663,000 after purchasing an additional 204,729 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Nextdoor by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,042,728 shares of the company's stock worth $10,028,000 after purchasing an additional 205,015 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Nextdoor by 1,558.9% in the 3rd quarter. XTX Topco Ltd now owns 166,320 shares of the company's stock worth $412,000 after purchasing an additional 156,294 shares in the last quarter. State Street Corp increased its stake in shares of Nextdoor by 1.3% in the 3rd quarter. State Street Corp now owns 3,568,959 shares of the company's stock worth $8,851,000 after purchasing an additional 46,595 shares in the last quarter. Finally, Potrero Capital Research LLC increased its stake in shares of Nextdoor by 29.4% in the 3rd quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company's stock worth $7,185,000 after purchasing an additional 657,492 shares in the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.
About Nextdoor
(
Get Free Report)
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.
Further Reading
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