Nextdoor Holdings, Inc. (NYSE:KIND) CFO Matthew S. Anderson Sells 20,316 Shares

Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) CFO Matthew S. Anderson sold 20,316 shares of Nextdoor stock in a transaction that occurred on Monday, January 15th. The stock was sold at an average price of $1.36, for a total transaction of $27,629.76. Following the completion of the transaction, the chief financial officer now owns 109,510 shares of the company's stock, valued at approximately $148,933.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nextdoor Stock Performance

KIND stock traded down $0.04 during midday trading on Wednesday, reaching $1.92. 915,890 shares of the company were exchanged, compared to its average volume of 1,666,106. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $3.42. The stock's 50-day simple moving average is $2.05 and its 200 day simple moving average is $1.84. The company has a market cap of $755.77 million, a price-to-earnings ratio of -5.16 and a beta of 0.98.

Nextdoor (NYSE:KIND - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.03. The company had revenue of $55.56 million for the quarter, compared to analysts' expectations of $50.94 million. Nextdoor had a negative net margin of 67.69% and a negative return on equity of 24.22%. On average, research analysts anticipate that Nextdoor Holdings, Inc. will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On Nextdoor

A number of institutional investors have recently modified their holdings of KIND. Jump Financial LLC purchased a new stake in shares of Nextdoor in the 3rd quarter worth about $25,000. Quantbot Technologies LP boosted its position in shares of Nextdoor by 261.4% in the 1st quarter. Quantbot Technologies LP now owns 4,922 shares of the company's stock worth $29,000 after buying an additional 3,560 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Nextdoor in the 4th quarter worth about $30,000. Guggenheim Capital LLC purchased a new stake in shares of Nextdoor in the 3rd quarter worth about $31,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Nextdoor in the 3rd quarter worth about $31,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted their price target on shares of Nextdoor from $1.75 to $2.25 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th.

Nextdoor Company 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.

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