Insider Selling: Nextdoor (NYSE:NXDR) CAO Sells $105,200.00 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $2.63, for a total transaction of $105,200.00. Following the sale, the chief accounting officer owned 40,000 shares in the company, valued at $105,200. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Antoinette How also recently made the following trade(s):

• On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The shares were sold at an average price of $2.43, for a total transaction of $376,389.99.
• On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The stock was sold at an average price of $2.25, for a total value of $80,057.25.

Nextdoor Price Performance

NXDR stock opened at $2.52 on Friday. Nextdoor Holdings, Inc. has a one year low of $1.33 and a one year high of $3.72. The firm has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $2.05. The stock has a market cap of $959.20 million, a PE ratio of -31.44 and a beta of 1.37.

Nextdoor (NYSE:NXDR) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share 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 the consensus estimate of $72.10 million. Nextdoor had a negative return on equity of 6.16% and a negative net margin of 11.08%. On average, research analysts expect that Nextdoor Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Institutional Trading of Nextdoor

Large investors have recently modified their holdings of the company. R Squared Ltd increased its position in shares of Nextdoor by 37.1% during the 1st quarter. R Squared Ltd now owns 29,325 shares of the company’s stock valued at $41,000 after purchasing an additional 7,941 shares during the last quarter. Granite Investment Partners LLC lifted its position 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 valued at $44,000 after acquiring an additional 13,692 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in Nextdoor by 12.3% in the 2nd quarter. Byrne Asset Management LLC now owns 145,600 shares of the company’s stock worth $331,000 after purchasing an additional 16,000 shares in the last quarter. Abel Hall LLC lifted its holdings in shares of Nextdoor by 49.4% in the first quarter. Abel Hall LLC now owns 52,337 shares of the company’s stock worth $73,000 after buying an additional 17,314 shares in the last quarter. Finally, GC Wealth Management RIA LLC boosted its holdings in shares of Nextdoor by 72.9% during the 1st quarter. GC Wealth Management RIA LLC now owns 46,617 shares of the company’s stock valued at $65,000 after purchasing an additional 19,649 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

Analysts Set New Price Targets

NXDR has been the topic of a number of analyst reports. Citigroup lifted their price target on Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a research note on Monday, August 17th. B. Riley Financial upgraded shares of Nextdoor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2.00 to $3.30 in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nextdoor in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.80.

About Nextdoor

Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform available through mobile applications and the web. The service enables people to connect with nearby residents, exchange local information, request and provide recommendations, share alerts, and discuss community issues. Users generally join neighborhood networks tied to their residential locations, helping Nextdoor support conversations based on geographic communities.

The platform also offers features for local businesses, public agencies, and nonprofit organizations.