State Street Corp Has $8.85 Million Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

State Street Corp increased its position in Nextdoor Holdings, Inc. (NYSE:KIND) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,568,959 shares of the company’s stock after buying an additional 46,595 shares during the quarter. State Street Corp owned 0.94% of Nextdoor worth $8,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Potrero Capital Research LLC grew its position in shares of Nextdoor by 29.4% in the 3rd quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company’s stock valued at $7,185,000 after buying an additional 657,492 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Nextdoor by 12.4% in the second quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock valued at $5,044,000 after acquiring an additional 200,500 shares during the last quarter. Marshall Wace LLP acquired a new stake in Nextdoor during the 2nd quarter valued at approximately $4,327,000. Millennium Management LLC raised its holdings in Nextdoor by 59.7% during the 2nd quarter. Millennium Management LLC now owns 1,406,953 shares of the company’s stock worth $3,911,000 after purchasing an additional 526,108 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Nextdoor by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock worth $3,487,000 after purchasing an additional 75,229 shares during the period. Institutional investors own 35.66% of the company’s stock.

Insider Buying and Selling

In other Nextdoor news, General Counsel Sophia Schwartz sold 16,834 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total value of $41,243.30. Following the transaction, the general counsel now owns 215,536 shares of the company’s stock, valued at approximately $528,063.20. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 37,751 shares of company stock worth $94,904. 46.04% of the stock is owned by insiders.

Nextdoor Stock Up 0.4 %

NYSE KIND opened at $2.42 on Friday. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $2.99. The business has a 50 day moving average price of $2.48 and a 200-day moving average price of $2.53. The company has a market cap of $924.78 million, a price-to-earnings ratio of -7.56 and a beta of 1.07.

Nextdoor (NYSE:KIND) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $65.61 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted ($0.10) earnings per share. On average, equities research analysts anticipate 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 increased their price target on Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

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.