Jane Street Group LLC Sells 252,237 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

Jane Street Group LLC lessened its stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 44.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 318,496 shares of the company’s stock after selling 252,237 shares during the period. Jane Street Group LLC owned 0.08% of Nextdoor worth $790,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in Nextdoor in the 2nd quarter worth approximately $4,327,000. Dimensional Fund Advisors LP increased its stake in shares of Nextdoor by 172.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,218,808 shares of the company’s stock worth $3,388,000 after purchasing an additional 770,858 shares in the last quarter. Potrero Capital Research LLC raised its position in shares of Nextdoor by 29.4% during the 3rd quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company’s stock valued at $7,185,000 after purchasing an additional 657,492 shares during the period. Millennium Management LLC lifted its stake in shares of Nextdoor by 59.7% during the 2nd quarter. Millennium Management LLC now owns 1,406,953 shares of the company’s stock valued at $3,911,000 after buying an additional 526,108 shares in the last quarter. Finally, Cornerstone Partners Capital Management LLC purchased a new position in shares of Nextdoor during the 3rd quarter valued at $791,000. Institutional investors own 35.66% of the company’s stock.

Insider Buying and Selling at Nextdoor

In other news, General Counsel Sophia Schwartz sold 16,834 shares of the company’s stock in a transaction that occurred on 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 represents a 7.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 37,751 shares of company stock valued at $94,904 in the last 90 days. Insiders own 46.04% of the company’s stock.

Analyst Upgrades and Downgrades

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 research note on Thursday, November 7th.

Nextdoor Trading Up 2.1 %

NYSE KIND opened at $2.42 on Friday. Nextdoor Holdings, Inc. has a 12 month low of $1.32 and a 12 month high of $2.99. The stock’s 50 day moving average is $2.48 and its 200 day moving average is $2.53. The stock has a market cap of $924.79 million, a PE ratio of -7.56 and a beta of 1.07.

Nextdoor (NYSE:KIND) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS 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 previous year, the firm earned ($0.10) earnings per share. On average, analysts forecast that Nextdoor Holdings, Inc. will post -0.22 EPS 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.