Nextdoor Holdings, Inc. (NYSE:KIND) CFO Matthew S. Anderson Sells 20,316 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:KIND) CFO Matthew S. Anderson sold 20,316 shares of the firm’s stock in a transaction dated Monday, January 15th. The shares were sold at an average price of $1.36, for a total value of $27,629.76. Following the sale, the chief financial officer now owns 109,510 shares in the company, valued at $148,933.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nextdoor Trading Down 2.0 %

KIND stock opened at $1.92 on Thursday. The company’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $1.84. Nextdoor Holdings, Inc. has a 12 month low of $1.32 and a 12 month high of $3.42.

Nextdoor (NYSE:KIND) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. The business had revenue of $55.56 million for the quarter, compared to analyst estimates of $50.94 million. Nextdoor had a negative net margin of 67.69% and a negative return on equity of 24.22%. As a group, analysts predict that Nextdoor Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price on shares of Nextdoor from $1.75 to $2.25 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th.

Institutional Trading of Nextdoor

Several hedge funds and other institutional investors have recently bought and sold shares of KIND. Envestnet Asset Management Inc. purchased a new stake in Nextdoor in the 1st quarter worth approximately $70,000. Raymond James & Associates grew its stake in Nextdoor by 79.1% in the 1st quarter. Raymond James & Associates now owns 81,309 shares of the company’s stock worth $487,000 after acquiring an additional 35,900 shares during the period. Bank of New York Mellon Corp grew its stake in Nextdoor by 68.8% in the 1st quarter. Bank of New York Mellon Corp now owns 29,796 shares of the company’s stock worth $178,000 after acquiring an additional 12,146 shares during the period. BlackRock Inc. grew its stake in Nextdoor by 8.9% in the 1st quarter. BlackRock Inc. now owns 957,620 shares of the company’s stock worth $5,736,000 after acquiring an additional 78,526 shares during the period. Finally, Vanguard Group Inc. grew its stake in Nextdoor by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,765,561 shares of the company’s stock worth $22,555,000 after acquiring an additional 17,665 shares during the period. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.