Nextdoor (NYSE:NXDR) CAO Antoinette How Sells 35,581 Shares

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 35,581 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total transaction of $80,057.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextdoor Price Performance

Shares of NXDR opened at $2.24 on Friday. The company has a 50-day moving average of $2.37 and a two-hundred day moving average of $1.97. The stock has a market cap of $854.31 million, a price-to-earnings ratio of -28.00 and a beta of 1.37. Nextdoor Holdings, Inc. has a one year low of $1.33 and a one year high of $3.72.

Nextdoor (NYSE:NXDR) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $74.55 million for the quarter, compared to analyst estimates of $72.10 million. Nextdoor had a negative net margin of 11.08% and a negative return on equity of 6.16%. Analysts anticipate that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd increased its stake in Nextdoor by 37.1% in the 1st quarter. R Squared Ltd now owns 29,325 shares of the company’s stock valued at $41,000 after buying an additional 7,941 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Nextdoor during the 4th quarter valued at $25,000. Commonwealth Equity Services LLC purchased a new position in shares of Nextdoor during the 4th quarter valued at $27,000. Mackenzie Financial Corp acquired a new position in shares of Nextdoor in the fourth quarter worth $29,000. Finally, Granite Investment Partners LLC increased its stake in shares of Nextdoor by 77.9% in the first quarter. Granite Investment Partners LLC now owns 31,274 shares of the company’s stock worth $44,000 after acquiring an additional 13,692 shares during the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NXDR. Citigroup boosted their target price on shares of Nextdoor from $2.30 to $2.85 and gave the company a “neutral” rating in a research note on Monday, August 17th. Wall Street Zen raised Nextdoor from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nextdoor in a report on Friday, July 10th. Finally, B. Riley Financial raised Nextdoor from a “neutral” rating to a “buy” rating and upped their price target for the company from $2.00 to $3.30 in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.80.

About Nextdoor

Nextdoor Holdings, Inc (NYSE: NXDR) operates Nextdoor, a private social network designed to connect neighbors and local communities. Founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen, the company is headquartered in San Francisco and provides an app and web platform where residents can share news, recommendations, safety information, items for sale, and local event notices. The platform is built around verified neighborhood groups and identity-confirmation processes intended to foster trust and relevant local conversations.

Nextdoor’s core products center on the consumer-facing Nextdoor app and web experience, supplemented by tools and services for local businesses, public agencies, and advertisers.