Intech Investment Management LLC Makes New $84,000 Investment in Nextdoor Holdings, Inc. (NYSE:KIND)

Intech Investment Management LLC bought a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,046 shares of the company’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KIND. Travelers Companies Inc. acquired a new position in shares of Nextdoor during the 3rd quarter valued at about $593,000. Savvy Advisors Inc. bought a new stake in Nextdoor during the third quarter worth approximately $61,000. Asset Management One Co. Ltd. acquired a new position in Nextdoor during the third quarter valued at approximately $79,000. Cornerstone Partners Capital Management LLC bought a new position in shares of Nextdoor in the third quarter valued at approximately $791,000. Finally, Creative Planning bought a new position in shares of Nextdoor in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Nextdoor Stock Performance

Nextdoor stock opened at $2.68 on Monday. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $2.99. The firm has a market capitalization of $1.02 billion, a PE ratio of -8.38 and a beta of 1.07. The business’s 50-day simple moving average is $2.48 and its 200-day simple moving average is $2.53.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their price objective on shares of Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, General Counsel Sophia Schwartz sold 16,834 shares of Nextdoor stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $2.45, for a total transaction of $41,243.30. Following the sale, the general counsel now directly owns 215,536 shares of the company’s stock, valued at $528,063.20. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 36,622 shares of company stock valued at $91,799. 46.04% of the stock is owned by company insiders.

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.