Matthew S. Anderson Sells 20,316 Shares of Nextdoor Holdings, Inc. (NYSE:KIND) Stock

Nextdoor Holdings, Inc. (NYSE:KIND) CFO Matthew S. Anderson sold 20,316 shares of the stock in a transaction that occurred on Monday, January 15th. The stock was sold at an average price of $1.36, for a total transaction 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 $148,933.60. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nextdoor Price Performance

Nextdoor stock opened at $1.94 on Friday. The firm has a 50 day moving average of $2.06 and a 200 day moving average of $1.84. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $3.42.

Nextdoor (NYSE:KIND) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. Nextdoor had a negative return on equity of 24.22% and a negative net margin of 67.69%. The business had revenue of $55.56 million during the quarter, compared to the consensus estimate of $50.94 million. Sell-side analysts predict that Nextdoor Holdings, Inc. will post -0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIND. Envestnet Asset Management Inc. bought a new position in Nextdoor in the 1st quarter worth approximately $70,000. Raymond James & Associates boosted its stake in Nextdoor by 79.1% in the 1st quarter. Raymond James & Associates now owns 81,309 shares of the company’s stock worth $487,000 after purchasing an additional 35,900 shares during the period. Bank of New York Mellon Corp boosted its stake in Nextdoor by 68.8% in the 1st quarter. Bank of New York Mellon Corp now owns 29,796 shares of the company’s stock worth $178,000 after purchasing an additional 12,146 shares during the period. BlackRock Inc. boosted its stake in Nextdoor by 8.9% in the 1st quarter. BlackRock Inc. now owns 957,620 shares of the company’s stock worth $5,736,000 after purchasing an additional 78,526 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Nextdoor by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,765,561 shares of the company’s stock worth $22,555,000 after purchasing an additional 17,665 shares during the period. 35.66% of the stock is currently owned by institutional investors.

Nextdoor Company Profile

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.