SG Americas Securities LLC Buys 32,658 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

SG Americas Securities LLC boosted its stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 51.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,537 shares of the company’s stock after purchasing an additional 32,658 shares during the period. SG Americas Securities LLC’s holdings in Nextdoor were worth $226,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Nextdoor by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,042,728 shares of the company’s stock valued at $10,028,000 after acquiring an additional 205,015 shares during the period. State Street Corp lifted its holdings in Nextdoor by 1.3% during the third quarter. State Street Corp now owns 3,568,959 shares of the company’s stock valued at $8,851,000 after purchasing an additional 46,595 shares in the last quarter. Potrero Capital Research LLC boosted its position in shares of Nextdoor by 29.4% in the third quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company’s stock worth $7,185,000 after purchasing an additional 657,492 shares during the period. Millennium Management LLC increased its stake in shares of Nextdoor by 59.7% in the second 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Nextdoor by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock valued at $3,487,000 after purchasing an additional 75,229 shares during the period. Institutional investors own 35.66% of the company’s stock.

Insider Activity at Nextdoor

In related news, General Counsel Sophia Schwartz sold 16,834 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $2.45, for a total transaction of $41,243.30. Following the transaction, the general counsel now directly owns 215,536 shares in the company, valued at approximately $528,063.20. This represents a 7.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 20,222 shares of company stock valued at $49,679. Insiders own 46.04% of the company’s stock.

Analyst Ratings Changes

KIND has been the subject of a number of analyst reports. 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. Craig Hallum started coverage on Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 price objective for the company.

Nextdoor Stock Performance

KIND stock opened at $2.74 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of -8.56 and a beta of 1.07. The company’s fifty day moving average price is $2.48 and its 200-day moving average price is $2.50. Nextdoor Holdings, Inc. has a one year low of $1.60 and a one year high of $2.99.

Nextdoor (NYSE:KIND) last issued its quarterly earnings data 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 analyst estimates 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 quarter last year, the business posted ($0.10) earnings per share. On average, research analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

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.