Nextdoor Holdings, Inc. (NYSE:KIND) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 261.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,474 shares of the company’s stock after purchasing an additional 50,273 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Nextdoor were worth $172,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. XTX Topco Ltd acquired a new position in Nextdoor in the second quarter valued at approximately $28,000. Ground Swell Capital LLC bought a new position in Nextdoor during the 2nd quarter worth $30,000. Xponance Inc. acquired a new stake in Nextdoor in the second quarter worth $31,000. Creative Planning bought a new stake in Nextdoor in the third quarter valued at $28,000. Finally, nVerses Capital LLC bought a new position in shares of Nextdoor during the second quarter worth about $49,000. 35.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their price target on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Insiders Place Their Bets

In other news, General Counsel Sophia Schwartz sold 17,529 shares of Nextdoor stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total value of $45,224.82. Following the transaction, the general counsel now directly owns 304,666 shares of the company’s stock, valued at $786,038.28. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 46.04% of the stock is currently owned by company insiders.

Nextdoor Stock Performance

NYSE:KIND opened at $2.46 on Tuesday. The stock has a market cap of $940.07 million, a price-to-earnings ratio of -7.69 and a beta of 1.08. Nextdoor Holdings, Inc. has a 1 year low of $1.32 and a 1 year high of $2.99. The business has a fifty day moving average of $2.48 and a 200-day moving average of $2.52.

Nextdoor (NYSE:KIND) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The business had revenue of $65.61 million for the quarter, compared to analyst estimates of $62.10 million. During the same quarter last year, the business earned ($0.10) earnings per share. On average, equities research analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS 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.