Nextdoor Holdings, Inc. (NYSE:KIND) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Nextdoor Holdings, Inc. (NYSE:KIND) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,561 shares of the company’s stock after purchasing an additional 21,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Nextdoor worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Nextdoor by 12.4% in the second quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock worth $5,044,000 after acquiring an additional 200,500 shares during the period. Marshall Wace LLP purchased a new position in shares of Nextdoor in the 2nd quarter valued at about $4,327,000. Millennium Management LLC increased its stake in shares of Nextdoor by 59.7% in the 2nd quarter. Millennium Management LLC now owns 1,406,953 shares of the company’s stock valued at $3,911,000 after purchasing an additional 526,108 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Nextdoor by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock worth $3,487,000 after purchasing an additional 75,229 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Nextdoor by 172.1% during the second 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. 35.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Sophia Schwartz sold 17,529 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total value of $45,224.82. Following the completion of the transaction, the general counsel now directly owns 304,666 shares of the company’s stock, valued at approximately $786,038.28. This represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 37,751 shares of company stock worth $94,904 over the last quarter. 46.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price objective on Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Nextdoor Stock Performance

NYSE:KIND opened at $2.33 on Friday. The stock has a market capitalization of $890.39 million, a PE ratio of -7.28 and a beta of 1.07. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $2.99. The company has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.53.

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