California State Teachers Retirement System Has $370,000 Stock Position in Nextdoor Holdings, Inc. (NYSE:KIND)

California State Teachers Retirement System reduced its stake in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 61.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,165 shares of the company's stock after selling 248,660 shares during the quarter. California State Teachers Retirement System's holdings in Nextdoor were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KIND. Tower Research Capital LLC TRC lifted its position in Nextdoor by 77.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company's stock worth $25,000 after buying an additional 4,514 shares in the last quarter. AXQ Capital LP acquired a new position in shares of Nextdoor during the 4th quarter worth about $25,000. Wealth Enhancement Advisory Services LLC acquired a new position in Nextdoor in the 4th quarter valued at about $27,000. SVB Wealth LLC acquired a new position in Nextdoor in the 4th quarter valued at about $27,000. Finally, US Bancorp DE acquired a new position in Nextdoor in the 4th quarter valued at about $29,000. 35.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

KIND has been the topic of a number of research reports. The Goldman Sachs Group decreased their price target on shares of Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered shares of Nextdoor from an "equal weight" rating to an "underweight" rating and set a $1.10 price target on the stock. in a research note on Tuesday, May 13th.

Nextdoor Trading Down 2.3%

Shares of NYSE:KIND traded down $0.04 on Friday, reaching $1.52. 1,587,880 shares of the company's stock were exchanged, compared to its average volume of 1,779,910. The company has a fifty day moving average of $1.50 and a 200-day moving average of $2.00. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.00. The company has a market capitalization of $579.62 million, a price-to-earnings ratio of -4.73 and a beta of 1.16.

Nextdoor (NYSE:KIND - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $53.14 million. As a group, equities research analysts forecast that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Nextdoor 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.