Quadrature Capital Ltd Trims Stake in Nextdoor Holdings, Inc. (NYSE:KIND)

Quadrature Capital Ltd cut its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 55.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,929 shares of the company’s stock after selling 68,657 shares during the period. Quadrature Capital Ltd’s holdings in Nextdoor were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. IAM Advisory LLC acquired a new stake in Nextdoor during the fourth quarter worth about $32,000. Tower Research Capital LLC TRC increased its position in Nextdoor by 266.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 24,688 shares of the company’s stock worth $47,000 after purchasing an additional 17,950 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Nextdoor by 23.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,324 shares of the company’s stock valued at $61,000 after buying an additional 6,034 shares during the period. Arizona State Retirement System lifted its position in Nextdoor by 24.9% during the fourth quarter. Arizona State Retirement System now owns 39,612 shares of the company’s stock valued at $75,000 after buying an additional 7,896 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Nextdoor during the fourth quarter valued at approximately $77,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Trading Up 1.8 %

Shares of Nextdoor stock opened at $2.78 on Friday. The company has a fifty day moving average price of $2.39 and a 200 day moving average price of $2.08. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -7.72 and a beta of 1.06. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.41.

Nextdoor (NYSE:KIND) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $53.15 million during the quarter, compared to analysts’ expectations of $50.90 million. Nextdoor had a negative net margin of 64.19% and a negative return on equity of 23.84%. Analysts forecast that Nextdoor Holdings, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their target price on shares of Nextdoor from $2.25 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, May 9th.

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.