Nextdoor (NYSE:NXDR) CAO Sells $51,555.45 in Stock

Key Points

• Nextdoor CAO Antoinette How sold 20,705 shares at an average price of $2.49, generating $51,555.45. The Rule 10b5-1 transaction reduced her direct stake by 73.81% to 7,347 shares.
• How has made several additional sales since early September, totaling more than $590,000 in stock proceeds.
• Nextdoor shares rose 1.6% to $2.50, while analysts maintained a consensus “Hold” rating and an average price target of $2.80. The company’s latest quarterly results beat expectations on both earnings and revenue.

Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CAO Antoinette How sold 20,705 shares of Nextdoor stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $2.49, for a total value of $51,555.45. Following the sale, the chief accounting officer directly owned 7,347 shares in the company, valued at $18,294.03. This trade represents a 73.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 13th, Antoinette How sold 10,800 shares of Nextdoor stock. The stock was sold at an average price of $2.72, for a total value of $29,376.00.
• 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 transaction 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 transaction of $376,389.99.
• On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The stock was sold at an average price of $2.25, for a total transaction of $80,057.25.

Nextdoor Stock Up 1.6%

NYSE NXDR traded up $0.04 on Monday, reaching $2.50. The company had a trading volume of 1,433,428 shares, compared to its average volume of 2,982,176. The stock has a market capitalization of $953.47 million, a PE ratio of -31.25 and a beta of 1.41. Nextdoor Holdings, Inc. has a 12 month low of $1.33 and a 12 month high of $3.72. The firm's 50 day moving average price is $2.43 and its 200 day moving average price is $2.16.

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

Hedge Funds Weigh In On Nextdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Nextdoor by 4.7% during the first quarter. Renaissance Technologies LLC now owns 3,112,000 shares of the company's stock valued at $4,357,000 after buying an additional 139,661 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Nextdoor by 24.4% in the first 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 during the period. Creek Drive Management Group LLC purchased a new stake in Nextdoor in the fourth quarter worth about $2,625,000. Squarepoint Ops LLC grew its holdings in 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, Bank of New York Mellon Corp grew its holdings in Nextdoor by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 542,691 shares of the company's stock worth $760,000 after acquiring an additional 22,462 shares in the last quarter. Institutional investors own 35.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. B. Riley Financial raised shares of Nextdoor from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2.00 to $3.30 in a research note on Thursday, August 6th. Citigroup boosted their price objective on shares of Nextdoor from $2.30 to $2.85 and gave the company a "neutral" rating in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Nextdoor in a research report on Tuesday, October 6th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $2.80.

Nextdoor Company Profile

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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