Nextdoor Holdings, Inc. (NYSE:KIND) CFO Sells $27,629.76 in Stock

Nextdoor Holdings, Inc. (NYSE:KIND) CFO Matthew S. Anderson sold 20,316 shares of the business’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 completion of the sale, the chief financial officer now directly owns 109,510 shares of the company’s stock, valued at $148,933.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nextdoor Stock Up 1.5 %

NYSE:KIND opened at $1.98 on Friday. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $3.42. The stock has a 50 day moving average of $2.07 and a 200-day moving average of $1.84.

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

Institutional Investors Weigh In On Nextdoor

A number of institutional investors have recently added to or reduced their stakes in KIND. Westside Investment Management Inc. lifted its position in shares of Nextdoor by 294.3% during the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock valued at $35,000 after acquiring an additional 11,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Nextdoor by 21.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,698,259 shares of the company’s stock valued at $26,321,000 after acquiring an additional 2,058,131 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Nextdoor during the 4th quarter valued at $77,000. Vanguard Group Inc. lifted its position in shares of Nextdoor by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 13,666,683 shares of the company’s stock valued at $25,830,000 after acquiring an additional 910,421 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Nextdoor during the 4th quarter valued at $37,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price objective on Nextdoor from $1.75 to $2.25 and gave the company a “neutral” rating in a report on Wednesday, February 28th.

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.