Nextdoor (NYSE:NXDR) Stock: Insider Antoinette How Sells 20,705 Shares

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 20,705 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $2.49, for a total transaction of $51,555.45. Following the completion of the sale, the chief accounting officer directly owned 7,347 shares of the company’s stock, valued at $18,294.03. The trade was a 73.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, October 13th, Antoinette How sold 10,800 shares of Nextdoor stock. The shares were sold at an average price of $2.72, for a total transaction of $29,376.00.
• On Monday, September 21st, Antoinette How sold 40,000 shares of Nextdoor stock. The shares were sold at an average price of $2.63, for a total transaction of $105,200.00.
• On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The stock was 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 transaction of $80,057.25.

Nextdoor Stock Performance

Nextdoor stock traded up $0.04 during mid-day trading on Monday, reaching $2.50. 1,433,428 shares of the company were exchanged, compared to its average volume of 2,982,176. The business has a fifty day moving average of $2.43 and a 200 day moving average of $2.16. The firm has a market cap of $953.47 million, a P/E ratio of -31.25 and a beta of 1.41. Nextdoor Holdings, Inc. has a 12-month low of $1.33 and a 12-month high of $3.72.

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

Institutional Trading of Nextdoor

A number of institutional investors have recently bought and sold shares of NXDR. State of Alaska Department of Revenue purchased a new stake in shares of Nextdoor during the third quarter valued at $25,000. SG Americas Securities LLC purchased a new position in Nextdoor in the 1st quarter worth $37,000. R Squared Ltd raised its stake in Nextdoor by 37.1% in the 1st quarter. R Squared Ltd now owns 29,325 shares of the company’s stock worth $41,000 after acquiring an additional 7,941 shares during the last quarter. Quantinno Capital Management LP raised its stake in Nextdoor by 177.5% in the 1st quarter. Quantinno Capital Management LP now owns 30,737 shares of the company’s stock worth $43,000 after acquiring an additional 19,661 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its position in Nextdoor by 77.9% during the 1st 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 period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NXDR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nextdoor in a research note on Tuesday, October 6th. B. Riley Financial upgraded shares of Nextdoor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2.00 to $3.30 in a report on Thursday, August 6th. Finally, Citigroup increased their price target on shares of Nextdoor from $2.30 to $2.85 and gave the company a “neutral” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nextdoor presently has an average rating of “Hold” and a consensus price target of $2.80.

About Nextdoor

Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform that helps people connect with verified neighbors and exchange information about their local communities. Through its website and mobile applications, users can share recommendations, discuss local issues, request or offer help, report safety concerns, and discover events, services, and activities nearby.

The platform also provides tools for local businesses, public agencies, and nonprofit organizations.