11,440 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Bought by Creative Planning

Creative Planning bought a new position in Nextdoor Holdings, Inc. (NYSE:KIND) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,440 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds have also added to or reduced their stakes in KIND. Vanguard Group Inc. grew its position in shares of Nextdoor by 18.5% in the 1st quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock worth $36,442,000 after buying an additional 2,529,694 shares during the period. Millennium Management LLC boosted its stake in Nextdoor by 59.7% in the 2nd 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. Renaissance Technologies LLC boosted its stake in Nextdoor by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock worth $5,044,000 after purchasing an additional 200,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Nextdoor by 172.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,218,808 shares of the company’s stock worth $3,388,000 after purchasing an additional 770,858 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Nextdoor in the 2nd quarter worth about $4,327,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. 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 note on Tuesday, July 23rd.

Nextdoor Stock Down 0.8 %

NYSE KIND opened at $2.49 on Thursday. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $2.99. The firm has a market capitalization of $945.98 million, a P/E ratio of -7.78 and a beta of 1.08. The company has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.50.

Nextdoor (NYSE:KIND) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The firm had revenue of $65.61 million during the quarter, compared to analyst estimates of $62.10 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. As a group, equities research analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Sophia Schwartz sold 17,529 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total value of $45,224.82. Following the transaction, the general counsel now directly owns 304,666 shares in the company, valued at $786,038.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.04% of the stock is owned by company 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.