Globeflex Capital L P Buys Shares of 481,684 Nextdoor Holdings, Inc. $KIND

Key Points

• Globeflex Capital initiated a position in Nextdoor Holdings, purchasing 481,684 shares valued at approximately $1.09 million, or 0.13% of the company.
• Other institutional investors also increased their holdings, and institutions and hedge funds collectively own 35.66% of Nextdoor’s stock.
• Nextdoor shares opened at $2.39, with a market capitalization of about $914 million; the company operates a hyperlocal social network and generates revenue mainly from advertising and paid business services.

Globeflex Capital L P bought a new position in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 481,684 shares of the company's stock, valued at approximately $1,093,000. Globeflex Capital L P owned 0.13% of Nextdoor as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Prelude Capital Management LLC raised its stake in Nextdoor by 0.6% during the 3rd quarter. Prelude Capital Management LLC now owns 1,352,546 shares of the company's stock worth $2,543,000 after buying an additional 8,201 shares during the period. SkyView Investment Advisors LLC lifted its holdings in Nextdoor by 3.7% during the second quarter. SkyView Investment Advisors LLC now owns 251,657 shares of the company's stock worth $403,000 after acquiring an additional 9,049 shares in the last quarter. Prudential Financial Inc. grew its stake in 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 during the period. Engineers Gate Manager LP grew its stake in 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 during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Nextdoor by 75.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 29,186 shares of the company's stock worth $55,000 after acquiring an additional 12,594 shares in the last quarter. Institutional investors and hedge funds own 35.66% of the company's stock.

Nextdoor Price Performance

NYSE KIND opened at $2.39 on Tuesday. The firm has a market cap of $914.39 million, a P/E ratio of -9.96 and a beta of 1.19. The stock's 50-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 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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