Nextdoor Holdings, Inc. (NYSE:KIND) Shares Acquired by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 294.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,408 shares of the company’s stock after buying an additional 11,500 shares during the period. Westside Investment Management Inc.’s holdings in Nextdoor were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KIND. ARK Investment Management LLC lifted its stake in shares of Nextdoor by 56.7% during the fourth quarter. ARK Investment Management LLC now owns 10,787,494 shares of the company’s stock worth $20,388,000 after buying an additional 3,901,481 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Nextdoor by 21.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,698,259 shares of the company’s stock valued at $26,321,000 after purchasing an additional 2,058,131 shares during the period. Nikko Asset Management Americas Inc. lifted its position in Nextdoor by 17.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 9,640,128 shares of the company’s stock valued at $18,123,000 after purchasing an additional 1,442,973 shares during the period. Vanguard Group Inc. lifted its position in Nextdoor by 11.3% during the third quarter. Vanguard Group Inc. now owns 12,756,262 shares of the company’s stock valued at $23,216,000 after purchasing an additional 1,292,918 shares during the period. Finally, SG Americas Securities LLC lifted its position in Nextdoor by 1,753.5% during the fourth quarter. SG Americas Securities LLC now owns 787,271 shares of the company’s stock valued at $1,488,000 after purchasing an additional 744,796 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Nextdoor Trading Down 1.2 %

Shares of Nextdoor stock opened at $2.57 on Friday. The firm has a 50-day simple moving average of $2.43 and a two-hundred day simple moving average of $2.10. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $3.32.

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

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.