Nextdoor Holdings, Inc. (NYSE:KIND) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,258,509 shares of the company's stock after buying an additional 215,781 shares during the quarter. Geode Capital Management LLC owned approximately 1.11% of Nextdoor worth $10,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Nextdoor by 6.3% in the 4th quarter. Vanguard Group Inc. now owns 17,609,806 shares of the company's stock valued at $41,735,000 after buying an additional 1,041,258 shares during the period. State Street Corp grew its holdings in Nextdoor by 1.3% in the 3rd quarter. State Street Corp now owns 3,568,959 shares of the company's stock valued at $8,851,000 after buying an additional 46,595 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Nextdoor by 115.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,696,339 shares of the company's stock valued at $6,390,000 after buying an additional 1,444,343 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Nextdoor by 16.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,633,369 shares of the company's stock valued at $3,871,000 after buying an additional 227,208 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Nextdoor by 72.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,252,571 shares of the company's stock valued at $2,969,000 after buying an additional 527,226 shares during the period. Hedge funds and other institutional investors own 35.66% of the company's stock.

Analyst Ratings Changes

KIND has been the subject of a number of research reports. Craig Hallum initiated coverage on Nextdoor in a report on Thursday, January 30th. They set a "buy" rating and a $4.00 target price for the company. The Goldman Sachs Group decreased their target price on Nextdoor from $2.50 to $1.75 and set a "neutral" rating for the company in a report on Monday, April 14th.

Nextdoor Stock Performance

Shares of NYSE:KIND remained flat at $1.50 during trading on Monday. The stock had a trading volume of 1,119,012 shares, compared to its average volume of 1,794,599. Nextdoor Holdings, Inc. has a 1-year low of $1.35 and a 1-year high of $3.00. The firm has a market capitalization of $579.45 million, a price-to-earnings ratio of -4.69 and a beta of 1.16. The company has a 50-day moving average price of $1.70 and a 200-day moving average price of $2.22.

Nextdoor (NYSE:KIND - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $65.23 million for the quarter, compared to analyst estimates of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. On average, analysts expect that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.72, for a total transaction of $25,800.00. Following the transaction, the general counsel now directly owns 267,445 shares of the company's stock, valued at approximately $460,005.40. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 46.04% of the stock is currently owned by corporate insiders.

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.