Manatuck Hill Partners LLC Buys New Stake in Nextdoor Holdings, Inc. (NYSE:KIND)

Manatuck Hill Partners LLC bought a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 400,000 shares of the company's stock, valued at approximately $948,000. Manatuck Hill Partners LLC owned about 0.10% of Nextdoor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Titleist Asset Management LLC lifted its position in Nextdoor by 1.1% during the 4th quarter. Titleist Asset Management LLC now owns 381,750 shares of the company's stock worth $905,000 after acquiring an additional 4,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Nextdoor by 77.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company's stock worth $25,000 after acquiring an additional 4,514 shares during the last quarter. Invesco Ltd. raised its position in shares of Nextdoor by 2.2% during the fourth quarter. Invesco Ltd. now owns 243,395 shares of the company's stock valued at $577,000 after buying an additional 5,178 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Nextdoor during the fourth quarter valued at about $25,000. Finally, SVB Wealth LLC acquired a new position in shares of Nextdoor during the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 35.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Nextdoor from $2.50 to $1.75 and set a "neutral" rating for the company in a research report on Monday, April 14th. Craig Hallum assumed coverage on shares of Nextdoor in a research report on Thursday, January 30th. They set a "buy" rating and a $4.00 price objective for the company.

Insider Buying and Selling at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.72, for a total value 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. This trade represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 46.04% of the company's stock.

Nextdoor Trading Up 3.1 %

NYSE KIND opened at $1.52 on Friday. The firm has a market cap of $585.25 million, a price-to-earnings ratio of -4.73 and a beta of 1.16. The company has a 50 day moving average of $1.63 and a 200-day moving average of $2.20. Nextdoor Holdings, Inc. has a 1-year low of $1.35 and a 1-year high of $3.00.

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, meeting the consensus estimate of ($0.03). Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The business had revenue of $65.23 million for the quarter, compared to analysts' expectations of $63.12 million. On average, analysts forecast that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current year.

About Nextdoor

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.

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