Tudor Investment Corp ET AL Lowers Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

Tudor Investment Corp ET AL cut its stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,270 shares of the company's stock after selling 212,970 shares during the period. Tudor Investment Corp ET AL's holdings in Nextdoor were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AXQ Capital LP bought a new stake in Nextdoor during the 4th quarter valued at $25,000. Tower Research Capital LLC TRC increased its holdings in shares of Nextdoor by 77.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company's stock valued at $25,000 after acquiring an additional 4,514 shares during the period. SVB Wealth LLC purchased a new position in shares of Nextdoor in the 4th quarter valued at $27,000. US Bancorp DE purchased a new position in shares of Nextdoor in the 4th quarter valued at $29,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Nextdoor in the 4th quarter valued at $34,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Sophia Schwartz sold 15,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.72, for a total transaction of $25,800.00. Following the completion of the transaction, the general counsel now directly owns 267,445 shares in the company, valued at $460,005.40. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 46.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KIND has been the topic of several research analyst reports. Craig Hallum initiated coverage on Nextdoor in a research note on Thursday, January 30th. They set a "buy" rating and a $4.00 price target on the stock. The Goldman Sachs Group decreased their price objective on Nextdoor from $2.50 to $1.75 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley cut Nextdoor from an "equal weight" rating to an "underweight" rating and set a $1.10 price objective for the company. in a report on Tuesday.

Nextdoor Price Performance

NYSE KIND traded up $0.03 during trading hours on Friday, reaching $1.47. The company's stock had a trading volume of 489,986 shares, compared to its average volume of 2,029,026. The firm has a market capitalization of $565.93 million, a price-to-earnings ratio of -4.58 and a beta of 1.16. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $3.00. The company's 50-day moving average is $1.52 and its two-hundred day moving average is $2.14.

Nextdoor (NYSE:KIND - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. The company had revenue of $54.18 million during the quarter, compared to analyst estimates of $53.14 million. Equities analysts forecast that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

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.