Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sophia Schwartz Sells 16,834 Shares

Nextdoor Holdings, Inc. (NYSE:KIND) General Counsel Sophia Schwartz sold 16,834 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $2.45, for a total transaction of $41,243.30. Following the transaction, the general counsel now directly owns 215,536 shares of the company’s stock, valued at $528,063.20. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 transaction 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 transaction of $45,224.82.

Nextdoor Price Performance

NYSE KIND traded down $0.01 during mid-day trading on Wednesday, reaching $2.50. 1,827,449 shares of the stock were exchanged, compared to its average volume of 1,605,295. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $2.99. The stock has a 50 day simple moving average of $2.48 and a 200-day simple moving average of $2.53. The stock has a market cap of $955.35 million, a P/E ratio of -7.84 and a beta of 1.07.

Nextdoor (NYSE:KIND) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. The business had revenue of $65.61 million during the quarter, compared to analyst estimates of $62.10 million. During the same period in the previous year, the company posted ($0.10) EPS. Sell-side analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Nextdoor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Nextdoor by 18.5% in the first quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock worth $36,442,000 after purchasing an additional 2,529,694 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Nextdoor in the 2nd quarter worth about $4,327,000. Dimensional Fund Advisors LP lifted its stake in Nextdoor by 172.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,218,808 shares of the company’s stock valued at $3,388,000 after purchasing an additional 770,858 shares during the last quarter. Potrero Capital Research LLC raised its position in shares of Nextdoor by 29.4% in the third quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company’s stock valued at $7,185,000 after purchasing an additional 657,492 shares during the period. Finally, Millennium Management LLC raised its position in shares of Nextdoor by 59.7% in the second quarter. Millennium Management LLC now owns 1,406,953 shares of the company’s stock valued at $3,911,000 after purchasing an additional 526,108 shares during the period. 35.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their target price on shares of Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th.

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.