Virtu Financial LLC Buys New Stake in Nextdoor Holdings, Inc. (NYSE:KIND)

Virtu Financial LLC purchased a new stake in Nextdoor Holdings, Inc. (NYSE:KIND) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,507 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of Nextdoor during the fourth quarter valued at approximately $27,000. US Bancorp DE bought a new stake in shares of Nextdoor in the 4th quarter valued at approximately $29,000. Cibc World Markets Corp bought a new position in shares of Nextdoor during the fourth quarter valued at $38,000. R Squared Ltd acquired a new position in Nextdoor in the fourth quarter valued at about $45,000. Finally, Intech Investment Management LLC acquired a new stake in Nextdoor during the 3rd quarter valued at $84,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Nextdoor from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Monday, March 3rd. Craig Hallum began coverage on Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 price target on the stock.

Insider Transactions at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 15,000 shares of Nextdoor stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.72, for a total value of $25,800.00. Following the completion of the sale, the general counsel now owns 267,445 shares in the company, valued at $460,005.40. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 46.04% of the stock is owned by corporate insiders.

Nextdoor Price Performance

Nextdoor stock opened at $1.52 on Wednesday. Nextdoor Holdings, Inc. has a one year low of $1.47 and a one year high of $3.00. The company has a market cap of $585.25 million, a price-to-earnings ratio of -4.73 and a beta of 1.14. The firm has a 50-day moving average of $2.21 and a 200-day moving average of $2.37.

Nextdoor (NYSE:KIND) last issued its earnings results on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The company had revenue of $65.23 million for the quarter, compared to analysts’ expectations of $63.12 million. As a group, sell-side analysts expect that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current 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.