SG Americas Securities LLC Acquires 28,863 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

SG Americas Securities LLC lifted its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 84.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,879 shares of the company’s stock after buying an additional 28,863 shares during the quarter. SG Americas Securities LLC’s holdings in Nextdoor were worth $156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Nextdoor during the second quarter worth $28,000. Ground Swell Capital LLC purchased a new stake in Nextdoor during the 2nd quarter worth about $30,000. Xponance Inc. bought a new position in Nextdoor in the 2nd quarter worth about $31,000. Westside Investment Management Inc. grew its holdings in Nextdoor by 294.3% during the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock valued at $35,000 after buying an additional 11,500 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Nextdoor during the second quarter valued at about $49,000. 35.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price objective 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.

Nextdoor Stock Performance

Shares of KIND stock opened at $2.33 on Friday. The company has a market capitalization of $909.36 million, a PE ratio of -6.47 and a beta of 1.08. Nextdoor Holdings, Inc. has a 52-week low of $1.32 and a 52-week high of $2.99. The business’s fifty day moving average is $2.44 and its 200 day moving average is $2.45.

Nextdoor (NYSE:KIND) last announced its earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $63.29 million for the quarter, compared to analyst estimates of $58.80 million. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. On average, sell-side analysts forecast that Nextdoor Holdings, Inc. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Sophia Schwartz sold 17,529 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total transaction of $45,224.82. Following the sale, the general counsel now owns 304,666 shares in the company, valued at approximately $786,038.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 46.04% of the stock is owned by company insiders.

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.