Nextdoor (NYSE:NXDR) General Counsel Sophia Schwartz Sells 28,616 Shares

Nextdoor Holdings, Inc. (NYSE:NXDR) General Counsel Sophia Schwartz sold 28,616 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $2.25, for a total transaction of $64,386.00. Following the sale, the general counsel directly owned 307,757 shares of the company’s stock, valued at approximately $692,453.25. This represents a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextdoor Stock Up 1.2%

Shares of NXDR opened at $2.17 on Thursday. The company has a market cap of $829.52 million, a P/E ratio of -19.77 and a beta of 1.38. Nextdoor Holdings, Inc. has a one year low of $1.33 and a one year high of $3.72. The stock has a fifty day moving average price of $1.93.

Nextdoor (NYSE:NXDR) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $61.67 million during the quarter. Nextdoor had a negative net margin of 16.47% and a negative return on equity of 9.22%. As a group, equities research analysts forecast that Nextdoor Holdings, Inc. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in Nextdoor during the fourth quarter worth $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Nextdoor in the 4th quarter valued at $26,000. Commonwealth Equity Services LLC acquired a new position in shares of Nextdoor in the 4th quarter valued at $27,000. Mackenzie Financial Corp bought a new position in shares of Nextdoor during the 4th quarter worth about $29,000. Finally, Cibc World Markets Corp bought a new position in shares of Nextdoor during the 4th quarter worth about $30,000. 35.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on NXDR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a research report on Tuesday, April 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.25 price objective on shares of Nextdoor in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Nextdoor from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nextdoor has a consensus rating of “Reduce” and a consensus price target of $2.17.

Nextdoor Company Profile

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.