Manatuck Hill Partners LLC Makes New $948,000 Investment in Nextdoor Holdings, Inc. (NYSE:KIND)

Manatuck Hill Partners LLC purchased a new position in Nextdoor Holdings, Inc. (NYSE:KIND) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $948,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Nextdoor by 6.3% in the fourth quarter. Vanguard Group Inc. now owns 17,609,806 shares of the company’s stock worth $41,735,000 after acquiring an additional 1,041,258 shares in the last quarter. Cannell Capital LLC boosted its position in shares of Nextdoor by 8.4% during the fourth quarter. Cannell Capital LLC now owns 6,733,574 shares of the company’s stock worth $15,959,000 after buying an additional 524,342 shares during the period. Geode Capital Management LLC boosted its position in shares of Nextdoor by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 4,258,509 shares of the company’s stock worth $10,095,000 after buying an additional 215,781 shares during the period. Renaissance Technologies LLC boosted its position in shares of Nextdoor by 98.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,967,200 shares of the company’s stock worth $9,402,000 after buying an additional 1,965,300 shares during the period. Finally, Westerly Capital Management LLC boosted its position in shares of Nextdoor by 47.6% during the fourth quarter. Westerly Capital Management LLC now owns 3,100,000 shares of the company’s stock worth $7,347,000 after buying an additional 1,000,000 shares during the period. 35.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on KIND. Craig Hallum began coverage on Nextdoor in a research report on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective for the company. The Goldman Sachs Group reduced their price objective on Nextdoor from $2.50 to $1.75 and set a “neutral” rating for the company in a research report on Monday, April 14th.

Nextdoor Stock Performance

Shares of NYSE KIND opened at $1.52 on Friday. The stock has a 50 day moving average price of $1.63 and a 200 day moving average price of $2.20. Nextdoor Holdings, Inc. has a 52 week low of $1.35 and a 52 week high of $3.00. The stock has a market capitalization of $585.25 million, a PE ratio of -4.73 and a beta of 1.16.

Nextdoor (NYSE:KIND) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $65.23 million for the quarter, compared to analyst estimates of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. As a group, research analysts forecast that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Insider Buying and Selling at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.72, for a total value of $25,800.00. Following the sale, the general counsel now owns 267,445 shares in the company, valued at $460,005.40. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 46.04% of the company’s stock.

Nextdoor 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.