Renaissance Technologies LLC increased its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND – Free Report) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,814,300 shares of the company’s stock after acquiring an additional 200,500 shares during the quarter. Renaissance Technologies LLC owned about 0.46% of Nextdoor worth $5,044,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Ground Swell Capital LLC bought a new stake in Nextdoor during the 2nd quarter worth about $30,000. Westside Investment Management Inc. grew its position in shares of Nextdoor by 294.3% during the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock worth $35,000 after buying an additional 11,500 shares during the period. nVerses Capital LLC bought a new stake in shares of Nextdoor during the second quarter worth approximately $49,000. Versor Investments LP acquired a new position in Nextdoor in the second quarter valued at approximately $75,000. Finally, SG Americas Securities LLC boosted its stake in Nextdoor by 50.6% in the second quarter. SG Americas Securities LLC now owns 34,016 shares of the company’s stock valued at $95,000 after acquiring an additional 11,424 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.
Nextdoor Trading Up 0.4 %
Nextdoor stock opened at $2.51 on Friday. The firm has a market capitalization of $953.57 million, a P/E ratio of -6.97 and a beta of 1.08. The business has a 50-day moving average of $2.53 and a 200-day moving average of $2.42. Nextdoor Holdings, Inc. has a 1 year low of $1.32 and a 1 year high of $2.99.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley upped their target price on shares of Nextdoor from $2.20 to $2.50 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd.
Check Out Our Latest Stock Report on KIND
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.
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