Cibc World Markets Corp Takes Position in Nextdoor Holdings, Inc. (NYSE:KIND)

Cibc World Markets Corp bought a new position in Nextdoor Holdings, Inc. (NYSE:KIND) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 16,119 shares of the company’s stock, valued at approximately $38,000.

Other large investors have also recently modified their holdings of the company. SVB Wealth LLC bought a new stake in Nextdoor in the fourth quarter worth about $27,000. US Bancorp DE bought a new position in shares of Nextdoor during the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in shares of Nextdoor in the fourth quarter worth approximately $45,000. Intech Investment Management LLC bought a new stake in shares of Nextdoor during the 3rd quarter worth approximately $84,000. Finally, Versor Investments LP purchased a new position in Nextdoor during the 4th quarter valued at $121,000. Institutional investors own 35.66% of the company’s stock.

Analyst Ratings Changes

KIND has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on Nextdoor from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Craig Hallum assumed coverage on shares of Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 price target on the stock.

Nextdoor Stock Down 4.6 %

Shares of KIND opened at $1.56 on Friday. The company has a 50 day moving average of $2.22 and a two-hundred day moving average of $2.38. The company has a market cap of $600.70 million, a price-to-earnings ratio of -4.86 and a beta of 1.14. Nextdoor Holdings, Inc. has a twelve month low of $1.55 and a twelve month high of $3.00.

Nextdoor (NYSE:KIND) last released its earnings results on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. The firm had revenue of $65.23 million for the quarter, compared to the consensus estimate of $63.12 million. On average, sell-side analysts expect that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Nextdoor

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

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.