Nextdoor Holdings, Inc. (NYSE:KIND) Shares Bought by Fmr LLC

Fmr LLC increased its stake in Nextdoor Holdings, Inc. (NYSE:KIND) by 1,609.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,690 shares of the company’s stock after acquiring an additional 59,022 shares during the quarter. Fmr LLC’s holdings in Nextdoor were worth $155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Nextdoor by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 34,016 shares of the company’s stock valued at $95,000 after purchasing an additional 11,424 shares during the period. Bank of New York Mellon Corp lifted its stake in Nextdoor by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 532,872 shares of the company’s stock valued at $1,481,000 after buying an additional 31,133 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Nextdoor in the second quarter worth about $49,000. Versor Investments LP purchased a new position in shares of Nextdoor in the second quarter worth approximately $75,000. Finally, Rhumbline Advisers raised its holdings in shares of Nextdoor by 29.5% during the second quarter. Rhumbline Advisers now owns 246,804 shares of the company’s stock valued at $686,000 after acquiring an additional 56,279 shares during the period. 35.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Sophia Schwartz sold 16,834 shares of the firm’s 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 37,751 shares of company stock worth $94,904 in the last ninety days. Corporate insiders own 46.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nextdoor Trading Up 3.4 %

Shares of Nextdoor stock opened at $2.41 on Monday. Nextdoor Holdings, Inc. has a 1 year low of $1.32 and a 1 year high of $2.99. The company has a market cap of $920.96 million, a P/E ratio of -7.53 and a beta of 1.07. The stock has a 50-day moving average price of $2.49 and a 200 day moving average price of $2.53.

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

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.