Insider Selling: Nextdoor (NYSE:NXDR) CAO Sells $27,173.25 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 13,935 shares of Nextdoor stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $1.95, for a total transaction of $27,173.25. Following the completion of the transaction, the chief accounting officer owned 18,270 shares of the company’s stock, valued at $35,626.50. This trade represents a 43.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nextdoor Stock Up 4.1%

NYSE NXDR opened at $2.02 on Friday. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $3.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Nextdoor in a research note on Thursday, January 15th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nextdoor stock. Savvy Advisors Inc. acquired a new position in shares of Nextdoor Holdings, Inc. (NYSE:NXDR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,266 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

About Nextdoor

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.