Aquatic Capital Management LLC Takes $104,000 Position in Nextdoor Holdings, Inc. (NYSE:KIND)

Aquatic Capital Management LLC purchased a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,985 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds also recently added to or reduced their stakes in KIND. Boothbay Fund Management LLC increased its holdings in shares of Nextdoor by 81.8% in the 4th quarter. Boothbay Fund Management LLC now owns 300,000 shares of the company’s stock worth $711,000 after purchasing an additional 135,000 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Nextdoor in the 4th quarter worth about $201,000. Two Sigma Securities LLC bought a new stake in Nextdoor in the 4th quarter worth about $34,000. Price T Rowe Associates Inc. MD lifted its stake in Nextdoor by 24.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,015 shares of the company’s stock valued at $164,000 after acquiring an additional 13,365 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Nextdoor during the 4th quarter valued at about $351,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on KIND shares. The Goldman Sachs Group lowered their price objective on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Craig Hallum assumed coverage on Nextdoor in a report on Thursday, January 30th. They set a “buy” rating and a $4.00 price target on the stock.

Insiders Place Their Bets

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the business’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 transaction of $25,800.00. Following the completion of the transaction, the general counsel now directly owns 267,445 shares in the company, valued at approximately $460,005.40. The trade was a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 46.04% of the company’s stock.

Nextdoor Trading Down 0.3 %

KIND opened at $1.50 on Tuesday. Nextdoor Holdings, Inc. has a 12-month low of $1.35 and a 12-month high of $3.00. The company has a market cap of $577.52 million, a price-to-earnings ratio of -4.67 and a beta of 1.16. The company’s 50 day moving average is $1.59 and its 200 day moving average is $2.19.

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

About Nextdoor

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.