Barclays PLC Buys 204,729 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

Barclays PLC boosted its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 326.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,490 shares of the company’s stock after acquiring an additional 204,729 shares during the period. Barclays PLC owned approximately 0.07% of Nextdoor worth $663,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KIND. XTX Topco Ltd bought a new position in shares of Nextdoor during the 2nd quarter worth about $28,000. Creative Planning acquired a new position in Nextdoor in the third quarter worth about $28,000. Xponance Inc. bought a new position in Nextdoor during the second quarter worth about $31,000. Savvy Advisors Inc. acquired a new stake in Nextdoor during the third quarter valued at approximately $61,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Nextdoor in the 3rd quarter valued at approximately $79,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Nextdoor Trading Down 2.3 %

NYSE KIND opened at $2.39 on Friday. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $2.99. The company has a 50 day moving average of $2.46 and a 200-day moving average of $2.51. The firm has a market cap of $911.40 million, a price-to-earnings ratio of -7.45 and a beta of 1.05.

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

Analyst Ratings Changes

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

Insider Activity at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 16,834 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the transaction, the general counsel now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 20,222 shares of company stock valued at $49,679 over the last ninety days. 46.04% of the stock is owned by insiders.

About Nextdoor

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.