Dimensional Fund Advisors LP Raises Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

Dimensional Fund Advisors LP boosted its holdings in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,016,850 shares of the company's stock after purchasing an additional 762,005 shares during the quarter. Dimensional Fund Advisors LP owned about 0.79% of Nextdoor worth $7,150,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AXQ Capital LP bought a new stake in shares of Nextdoor in the 4th quarter valued at $25,000. SVB Wealth LLC bought a new stake in Nextdoor in the fourth quarter valued at $27,000. US Bancorp DE bought a new stake in Nextdoor in the fourth quarter valued at $29,000. Cibc World Markets Corp acquired a new position in shares of Nextdoor during the fourth quarter valued at about $38,000. Finally, Virtu Financial LLC bought a new position in shares of Nextdoor during the 4th quarter worth about $41,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nextdoor

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were 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 $460,005.40. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 46.04% of the company's stock.

Nextdoor Price Performance

Shares of NYSE:KIND traded up $0.07 during midday trading on Wednesday, hitting $1.46. 2,384,463 shares of the company's stock were exchanged, compared to its average volume of 1,814,918. The company has a market cap of $562.07 million, a PE ratio of -4.55 and a beta of 1.16. Nextdoor Holdings, Inc. has a 12 month low of $1.32 and a 12 month high of $3.00. The stock has a 50 day moving average price of $1.53 and a 200-day moving average price of $2.15.

Nextdoor (NYSE:KIND - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $54.18 million for the quarter, compared to analysts' expectations of $53.14 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. On average, analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KIND. Morgan Stanley downgraded Nextdoor from an "equal weight" rating to an "underweight" rating and set a $1.10 price target on the stock. in a research note on Tuesday. Craig Hallum assumed coverage on Nextdoor in a report on Thursday, January 30th. They set a "buy" rating and a $4.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a report on Monday, April 14th.

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.