Insider Selling: Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sells $45,224.82 in Stock

by · The Cerbat Gem

Nextdoor Holdings, Inc. (NYSE:KIND – Get Free Report) General Counsel Sophia Schwartz sold 17,529 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total transaction of $45,224.82. Following the transaction, the general counsel now owns 304,666 shares of the company’s stock, valued at approximately $786,038.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nextdoor Stock Performance

Shares of KIND opened at $2.51 on Friday. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $2.99. The firm’s 50 day moving average price is $2.45 and its two-hundred day moving average price is $2.45. The firm has a market cap of $979.61 million, a P/E ratio of -6.97 and a beta of 1.08.

Nextdoor (NYSE:KIND – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Nextdoor had a negative net margin of 65.63% and a negative return on equity of 22.69%. The firm had revenue of $63.29 million for the quarter, compared to analyst estimates of $58.80 million. On average, sell-side analysts anticipate that Nextdoor Holdings, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price objective on shares of Nextdoor from $2.20 to $2.50 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd.

Get Our Latest Stock Report on Nextdoor

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KIND. XTX Topco Ltd bought a new stake in shares of Nextdoor in the second quarter worth $28,000. Creative Planning bought a new stake in shares of Nextdoor in the third quarter worth $28,000. Ground Swell Capital LLC bought a new stake in shares of Nextdoor in the second quarter worth $30,000. Xponance Inc. bought a new stake in shares of Nextdoor in the second quarter worth $31,000. Finally, Westside Investment Management Inc. lifted its position in shares of Nextdoor by 294.3% in the first quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock worth $35,000 after purchasing an additional 11,500 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

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.

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