AWM Investment Company Inc. Buys New Stake in Nextdoor Holdings, Inc. $KIND

AWM Investment Company Inc. bought a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,655,204 shares of the company's stock, valued at approximately $6,027,000. AWM Investment Company Inc. owned approximately 0.69% of Nextdoor at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Prelude Capital Management LLC lifted its holdings in Nextdoor by 0.6% in the third quarter. Prelude Capital Management LLC now owns 1,352,546 shares of the company's stock worth $2,543,000 after purchasing an additional 8,201 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Nextdoor by 3.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 251,657 shares of the company's stock worth $403,000 after buying an additional 9,049 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Nextdoor by 95.3% in the second quarter. Prudential Financial Inc. now owns 23,345 shares of the company's stock valued at $39,000 after acquiring an additional 11,390 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Nextdoor by 2.5% in the second quarter. Engineers Gate Manager LP now owns 476,897 shares of the company's stock valued at $792,000 after acquiring an additional 11,539 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Nextdoor by 75.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 29,186 shares of the company's stock valued at $55,000 after acquiring an additional 12,594 shares during the period. Institutional investors and hedge funds own 35.66% of the company's stock.

Nextdoor Stock Performance

KIND opened at $2.37 on Wednesday. The company has a market capitalization of $906.73 million, a PE ratio of -9.88 and a beta of 1.19. The stock's fifty day moving average is $2.35 and its 200-day moving average is $1.94. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $1.96.

Nextdoor Company Profile

Nextdoor, Inc NYSE: KIND operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.

Nextdoor generates revenue primarily through advertising and paid business services.

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