Nextdoor Holdings, Inc. $KIND Shares Acquired by Quinn Opportunity Partners LLC

Key Points

• Quinn Opportunity Partners increased its stake in Nextdoor by 51.8% in Q3, adding 948,817 shares to hold 2,781,218 shares (about 0.73% of the company) valued at roughly $5.23 million.
• Nextdoor shares trade around $1.56 with a market cap near $596.8M and a negative P/E of -6.50, and institutional investors own about 35.66% of the company.

Quinn Opportunity Partners LLC lifted its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 51.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,781,218 shares of the company's stock after acquiring an additional 948,817 shares during the period. Quinn Opportunity Partners LLC owned 0.73% of Nextdoor worth $5,229,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its holdings in Nextdoor by 3.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 142,531 shares of the company's stock valued at $237,000 after purchasing an additional 4,871 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Nextdoor by 14.5% in the third quarter. Sivia Capital Partners LLC now owns 46,875 shares of the company's stock valued at $88,000 after purchasing an additional 5,935 shares during the last quarter. ProShare Advisors LLC raised its holdings in Nextdoor by 16.4% during the second quarter. ProShare Advisors LLC now owns 43,416 shares of the company's stock worth $72,000 after purchasing an additional 6,130 shares in the last quarter. SkyView Investment Advisors LLC raised 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 purchasing an additional 9,049 shares in the last quarter. Finally, Granite Investment Partners LLC lifted its position in shares of Nextdoor by 72.7% during the 3rd quarter. Granite Investment Partners LLC now owns 23,258 shares of the company's stock worth $44,000 after buying an additional 9,790 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company's stock.

Nextdoor Trading Down 2.5%

Shares of Nextdoor stock opened at $1.56 on Friday. The company has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $1.94. The stock has a market cap of $596.84 million, a price-to-earnings ratio of -6.50 and a beta of 1.19. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $3.00.

About Nextdoor

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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