Insider Selling: Nextdoor Holdings, Inc. (NYSE:KIND) CFO Sells 20,316 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:KIND) CFO Matthew S. Anderson sold 20,316 shares of the firm’s stock in a transaction dated Monday, January 15th. The stock was sold at an average price of $1.36, for a total value of $27,629.76. Following the completion of the sale, the chief financial officer now directly owns 109,510 shares of the company’s stock, valued at approximately $148,933.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Nextdoor Price Performance

Shares of NYSE KIND opened at $1.94 on Friday. The business has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $1.84. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $3.42.

Nextdoor (NYSE:KIND) last released its earnings results on Tuesday, February 27th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $55.56 million during the quarter, compared to the consensus estimate of $50.94 million. Nextdoor had a negative return on equity of 24.22% and a negative net margin of 67.69%. As a group, equities research analysts forecast that Nextdoor Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price target on Nextdoor from $1.75 to $2.25 and gave the stock a “neutral” rating in a report on Wednesday, February 28th.

Institutional Investors Weigh In On Nextdoor

Large investors have recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in Nextdoor in the third quarter valued at approximately $25,000. Quantbot Technologies LP boosted its position in Nextdoor by 261.4% in the first quarter. Quantbot Technologies LP now owns 4,922 shares of the company’s stock valued at $29,000 after buying an additional 3,560 shares during the last quarter. Cerity Partners LLC purchased a new stake in Nextdoor in the fourth quarter valued at approximately $30,000. Guggenheim Capital LLC purchased a new stake in Nextdoor in the third quarter valued at approximately $31,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Nextdoor in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

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.