Walleye Capital LLC Acquires Shares of 297,115 Nextdoor Holdings, Inc. (NYSE:KIND)

Walleye Capital LLC bought a new position in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 297,115 shares of the company's stock, valued at approximately $704,000. Walleye Capital LLC owned about 0.08% of Nextdoor as of its most recent filing with the Securities and Exchange Commission.

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

Nextdoor Stock Performance

NYSE:KIND traded up $0.02 during mid-day trading on Friday, hitting $1.50. The company had a trading volume of 1,815,582 shares, compared to its average volume of 1,797,312. The firm has a market cap of $577.52 million, a P/E ratio of -4.67 and a beta of 1.16. The business's fifty day moving average is $1.72 and its two-hundred day moving average is $2.23. Nextdoor Holdings, Inc. has a fifty-two week low of $1.35 and a fifty-two week high of $3.00.

Nextdoor (NYSE:KIND - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The business had revenue of $65.23 million during the quarter, compared to analysts' expectations of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. Equities analysts forecast that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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 lowered their price target on shares of Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a report on Monday, April 14th.

Insider Buying and Selling 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 value of $25,800.00. Following the completion of the sale, the general counsel now directly owns 267,445 shares in the company, valued at approximately $460,005.40. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 46.04% of the company's stock.

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.