Nextdoor (NYSE:NXDR) CAO Sells 10,800 Shares of Company Stock

Key Points

• Nextdoor CAO Antoinette How sold 10,800 shares at an average price of $2.72, worth $29,376, reducing her direct holdings by 50% to 10,800 shares. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan.
• NXDR shares rose 4.0% to $2.60, while the company’s latest quarterly results exceeded expectations, reporting an adjusted loss of $0.01 per share versus a projected loss of $0.02 and revenue of $74.55 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $2.80 price target; institutional investors own approximately 35.66% of the company.

Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CAO Antoinette How sold 10,800 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $2.72, for a total value of $29,376.00. Following the transaction, the chief accounting officer directly owned 10,800 shares in the company, valued at $29,376. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Antoinette How also recently made the following trade(s):

• On Monday, September 21st, Antoinette How sold 40,000 shares of Nextdoor stock. The shares were sold at an average price of $2.63, for a total value of $105,200.00.
• On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The shares were sold at an average price of $2.43, for a total value of $376,389.99.
• On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The shares were sold at an average price of $2.25, for a total value of $80,057.25.

Nextdoor Stock Up 4.0%

Shares of NXDR stock traded up $0.10 on Thursday, hitting $2.60. The stock had a trading volume of 1,876,740 shares, compared to its average volume of 2,995,365. Nextdoor Holdings, Inc. has a one year low of $1.33 and a one year high of $3.72. The business has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.14. The company has a market cap of $991.61 million, a PE ratio of -32.50 and a beta of 1.41.

Nextdoor (NYSE:NXDR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $74.55 million for the quarter, compared to analysts' expectations of $72.10 million. Nextdoor had a negative net margin of 11.08% and a negative return on equity of 6.16%. Equities research analysts expect that Nextdoor Holdings, Inc. will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Nextdoor

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of Nextdoor by 4.7% in the 1st quarter. Renaissance Technologies LLC now owns 3,112,000 shares of the company's stock worth $4,357,000 after buying an additional 139,661 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Nextdoor by 24.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,707,745 shares of the company's stock worth $3,791,000 after acquiring an additional 530,913 shares in the last quarter. Creek Drive Management Group LLC bought a new position in shares of Nextdoor during the 4th quarter worth approximately $2,625,000. Squarepoint Ops LLC raised its stake in shares of Nextdoor by 51.4% during the 2nd quarter. Squarepoint Ops LLC now owns 789,512 shares of the company's stock worth $1,792,000 after acquiring an additional 268,007 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new position in shares of Nextdoor during the 4th quarter worth approximately $1,491,000. Institutional investors own 35.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NXDR. B. Riley Financial upgraded shares of Nextdoor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $2.00 to $3.30 in a research note on Thursday, August 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Nextdoor in a report on Tuesday, October 6th. Finally, Citigroup boosted their price objective on shares of Nextdoor from $2.30 to $2.85 and gave the stock a "neutral" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nextdoor has a consensus rating of "Hold" and a consensus price target of $2.80.

About Nextdoor

Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform that helps people connect with verified neighbors and exchange information about their local communities. Through its website and mobile applications, users can share recommendations, discuss local issues, request or offer help, report safety concerns, and discover events, services, and activities nearby.

The platform also provides tools for local businesses, public agencies, and nonprofit organizations.

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